PROJECT SAVE ARMENIAN PHOTOGRAPH A… - Form 990 Financial Data

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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

1983

Legal Domicile

Phone

6179234542

Tax Period

2025-01-01 to 2025-12-31

PROJECT SAVE ARMENIAN PHOTOGRAPH ARCHIVES INC, founded in 1983, is a small nonprofit that reported $581K in total revenue in fiscal year 2025. Revenue surged 154% from the prior year, signaling strong growth momentum. The organization ran a surplus of $305K, a strong 52% operating margin.

Mission

COLLECT AND DISPLAY ARMENIAN PHOTOGRAPHS

Program Service Accomplishments

Program 1

Expenses: $125,043

COLLECTING, PRESERVING, DOCUMENTING AND DISSEMINATING A PHOTOGRAPHIC ARCHIVE OF THE ARMENIAN PEOPLE AND ARMENIAN HISTORY

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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 (2025)

Revenue Breakdown

Contributions & Grants $581,032

Program Service Revenue $0

Investment Income $15

Other Revenue $0

TOTAL REVENUE $581,047

Expense Breakdown

Grants Paid $0

Salaries & Benefits $121,690

Fundraising Expenses $85,945

Program Expenses $125,043

Other Expenses $151,835

TOTAL EXPENSES $276,525

Year-over-Year Comparison

	2025	2024	Change
Revenue	$581,047	$228,512	+1.5%
Expenses	$276,525	$172,904	+0.6%
Net Income	$304,522	$55,608	+4.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUTH THOMASIAN	PRESIDENTTREASURERCLERK	8.00	Officer Director	$0	$0	$0
NUBAR ALEXANIAN	DIRECTOR	1.00	Director	$0	$0	$0

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	$581,047	$276,525	$415,157	$304,522
2024	No data	No data	No data	No data
2023	$149,026	$196,125	$80,251	$-47,099
2022	$159,082	$213,084	$100,591	$-54,002
2021	$250,000	$206,464	$155,822	$43,536

PROJECT SAVE ARMENIAN PHOTOGRAPH ARCHIVES INC