PROJECT SAVE ARMENIAN PHOTOGRAPH ARCHIVES INC

EIN: 222661086 501(c)(3)

WATERTOWN, MA

Total Revenue
$149,026
Total Expenses
$196,125
Total Assets
$80,251
Net Assets
$53,635
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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
MA
Tax Period
2023-01-01 to 2023-12-31

PROJECT SAVE ARMENIAN PHOTOGRAPH ARCHIVES INC, founded in 1983, is a small nonprofit that reported $149K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $196K exceeded revenue, resulting in a 32% operating deficit.

Mission

COLLECT AND DISPLAY ARMENIAN PHOTOGRAPHS

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $148,348
Program Service Revenue $678
Investment Income $0
Other Revenue $0
TOTAL REVENUE $149,026

Expense Breakdown

Grants Paid $0
Salaries & Benefits $135,114
Fundraising Expenses $40,813
Program Expenses $100,281
Other Expenses $61,011
TOTAL EXPENSES $196,125

Year-over-Year Comparison

2023 2022 Change
Revenue $149,026 $159,082 -0.1%
Expenses $196,125 $213,084 -0.1%
Net Income $-47,099 $-54,002 -0.1%
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

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Governance

Voting Members
2
Independent Members
2
Employees
4
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
1
$39,000
Total Directors
2
$39,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RUTH THOMASIAN PRESIDENTTREASURERCLERK 35.00
Officer Director
$39,000 $0 $39,000
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
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
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