HOVNANIAN SCHOOL INC (EIN 222126689) - 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

1976

Legal Domicile

Principal Officer

HILDA BARONIAN

Phone

2019675940

Tax Period

2024-07-01 to 2025-06-30

HOVNANIAN SCHOOL INC, founded in 1976, is a community nonprofit in the Education sector that reported $4.2M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Net assets of $9.6M represent 28 months of operating reserves.

Mission

THE MISSION OF HOVNANIAN SCHOOL IS TO PRESERVE AND ELEVATE THE ARMENIAN COMMUNITY BY CREATING GENERATIONS OF WELL-ROUNDED AND GLOBALLY-MINDED LEADERS THROUGH AN EDUCATION FOCUSED ON ACADEMIC EXCELLENCE, MULTI-LINGUAL EXPRESSION, EMOTIONAL INTELLIGENCE, AND A RICH ARMENIAN-AMERICAN IDENTITY.

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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 $498,629

Program Service Revenue $2,606,671

Investment Income $328,504

Other Revenue $737,036

TOTAL REVENUE $4,170,840

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,672,275

Fundraising Expenses $329,365

Program Expenses $3,099,614

Other Expenses $1,459,540

TOTAL EXPENSES $4,131,815

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,170,840	$4,590,847	-0.1%
Expenses	$4,131,815	$3,760,029	+0.1%
Net Income	$39,025	$830,818	-1.0%

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

Volunteers

N/A

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

$112,750

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NAZAR ALTUN ESQ	ADVISOR	2.00	Director	$0	$0	$0
SIRANOUSH DERVOGORMIYACIYAN	EXEC. SECRETARY	2.00	Director	$0	$0	$0
VICKEN ARSLANIAN	ADVISOR	2.00	Director	$0	$0	$0
LENA DEROHANNESSIAN	BOARD CHAIR	2.00	Director	$0	$0	$0
BERTA ZAKIAN	ADVISOR	2.00	Director	$0	$0	$0
AVAK UZATMACIYAN	VICE CHAIR	2.00	Director	$0	$0	$0
KAREN NARGIZIAN	ASSISTANT SECRETARY	2.00	Director	$0	$0	$0
CHRIS ISAKHANIAN	EXECUTIVE TREASURER	2.00	Director	$0	$0	$0
HRATCH KAPRIELIAN	EMERITUS	2.00	Director	$0	$0	$0
LORI SAGANDA	PTO CO-CHAIR	2.00	Director	$0	$0	$0
KRISTINE CASALI	ADVISOR	2.00	Director	$0	$0	$0
KAROLIN CAKIRDAS	ADVISOR	2.00	Director	$0	$0	$0
JEREMY CUTLER	ADVISOR	2.00	Director	$0	$0	$0
KIRK KAZAZIAN	ADVISOR	2.00	Director	$0	$0	$0
HERA MAKHOULIAN	FACULTY REP	2.00	Director	$0	$0	$0
SONYA BEKARIAN	GRANTS COMMITTEE REP	2.00	Director	$0	$0	$0
LORI SEMERCIYAN	ALUMNI REP	2.00	Director	$0	$0	$0
TALINE CHALIAN	PTO CO-CHAIR	2.00	Director	$0	$0	$0
MELINE TOUFAYAN	ADVISOR	2.00	Director	$0	$0	$0
ANAHID GARMIRYAN	EMERITUS	2.00	Director	$0	$0	$0
SHANT HOVNANIAN	EMERITUS	2.00	Director	$0	$0	$0
HARRY TOUFAYAN	EMERITUS	2.00	Director	$0	$0	$0
GREGORY T SIMONIAN	EMERITUS	2.00	Director	$0	$0	$0
HAGOP BAGHDADLIAN	EMERITUS	2.00	Director	$0	$0	$0
SARKIS BEDEVIAN	EMERITUS	2.00	Director	$0	$0	$0
JOAN RIVITZ	EMERITUS	2.00	Director	$0	$0	$0
SARKIS OHANNESSIAN	EMERITUS	2.00	Director	$0	$0	$0
GREGORY KINOIAN	BOARD COUNSEL	2.00	Director	$0	$0	$0
ARARAT ARAIAN	ADVISOR	2.00	Director	$0	$0	$0
KAVITA BAFANA	ADVISOR	2.00	Director	$0	$0	$0
NICOLE VARTANIAN	ADVISOR	2.00	Director	$0	$0	$0
NYIERI VOSBIKIAN	ADVISOR	2.00	Director	$0	$0	$0
STEPHANIE TOROSSIAN	PRINCIPAL	40.00	Officer	$112,750	$0	$112,750

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	$4,170,840	$4,131,815	$11,191,725	$39,025
2024	No data	No data	No data	No data
2023	$3,280,233	$3,480,161	$10,410,434	$-199,928
2022	$10,280,451	$3,473,114	$10,637,594	$6,807,337
2021	$3,802,680	$2,892,700	$4,472,851	$909,980
2019	$2,927,707	$3,012,029	$3,797,484	$-84,322
2018	$2,948,688	$3,128,256	$3,868,493	$-179,568
2017	$2,729,112	$2,859,231	$3,819,888	$-130,119

HOVNANIAN SCHOOL INC