HOME FOR THE ARMENIAN AGED INC (EIN 221659501) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1938

Legal Domicile

Principal Officer

ARTHUR BEDROSIAN

Phone

2012616662

Tax Period

2024-04-01 to 2025-03-31

HOME FOR THE ARMENIAN AGED INC, founded in 1938, is a small nonprofit in the Human Services sector that reported $642K in total revenue in fiscal year 2024. Revenue surged 189% from the prior year, signaling strong growth momentum.

Mission

THE ORGANIZATIONS EXEMPT PURPOSE IS TO PROVIDE MEDICAL AND REHABILITATION SERVICES FOR AGED AND INDIGENT PERSONS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $641,879

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $641,879

Expense Breakdown

Grants Paid $496,730

Salaries & Benefits $62,249

Fundraising Expenses $0

Program Expenses $589,998

Other Expenses $142,103

TOTAL EXPENSES $701,082

Year-over-Year Comparison

	2024	2023	Change
Revenue	$641,879	$221,744	+1.9%
Expenses	$701,082	$253,516	+1.8%
Net Income	$-59,203	$-31,772	+0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$43,100

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARTHUR BEDROSIAN	PRESIDENT	1.00	Director	$0	$0	$0
PETER BONJUKLIAN	TREASURER	1.00	Director	$0	$0	$0
KHOREN BANDAZIAN ESQ	RECORDING SECRETARY	1.00	Director	$0	$0	$0
DR CRAIG FROONJIAN DMD	MEMBER	1.00	Director	$0	$0	$0
MATTHEW NALBANDIAN	MEMBER	1.00	Director	$0	$0	$0
SONIA MARDINIAN	OMBUDSMAN	1.00	Director	$0	$0	$0
STEPHEN EPSTEIN	ADMINISTRATOR	20.00	Officer	$43,100	$0	$43,100

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$641,879	$701,082	$583,018	$-59,203
2024	$221,744	$253,516	$575,912	$-31,772
2023	$246,588	$223,213	$614,005	$23,375
2022	$349,315	$460,351	$591,436	$-111,036
2021	$5,596,858	$5,432,734	$921,763	$164,124
2020	$7,757,663	$6,705,002	$5,103,671	$1,052,661
2019	$6,968,980	$6,325,403	$3,790,500	$643,577
2018	$5,639,451	$5,423,921	$3,147,598	$215,530

HOME FOR THE ARMENIAN AGED INC