WATERTOWN, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ARMENIAN MUSEUM OF AMERICA INC, founded in 1986, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 60% from the prior year, signaling strong growth momentum. The organization ran a surplus of $777K, a strong 36% operating margin.
TO MAINTAIN AN ACTIVE PROGRAM OF COLLECTING, CONSERVING, DOCUMENTING, AND SHARING ARMENIAN ARTIFACTS, BOOKS AND PUBLICATIONS. TO PRESERVE FOR POSTERITY THE ARMENIAN HERITAGE, BOTH PAST AND PRESENT, AND TO TELL THE STORY OF THE ARMENIAN PEOPLE. TO PROMOTE AWARENESS AND APPRECIATION OF THE CULTURE AND CONTRIBUTIONS OF THE ARMENIAN PEOPLE, THROUGH EXHIBITIONS AND DIVERSE EDUCATIONAL PROGRAMS. TO SERVE AS A NATIONAL REPOSITORY AND INFORMATION CENTER OF ARMENIAN MATERIAL CULTURE.
THE PRIMARY PURPOSE OF THE ARMENIAN MUSEUM'S EDUCATION AND EVENT PROGRAMS IS TO CARRY OUT THE MUSEUM'S MISSION, THROUGH DIVERSE EDUCATIONAL PROGRAMS AND ACTIVITIES. THESE PROGRAMS CULTIVATE...
THE PRIMARY PURPOSE OF THE ARMENIAN MUSEUM'S EDUCATION AND EVENT PROGRAMS IS TO CARRY OUT THE MUSEUM'S MISSION, THROUGH DIVERSE EDUCATIONAL PROGRAMS AND ACTIVITIES. THESE PROGRAMS CULTIVATE INTELLECTUAL CURIOSITY ABOUT ARMENIAN HERITAGE AND ENGAGE STUDENTS AND LIFELONG LEARNERS IN COMPREHENSIVE LEARNING. BY PROVIDING AGE APPROPRIATE, DIFFERENTIATED INSTRUCTION TO ADDRESS THE VARIED LEARNING STYLES OF VISITORS, WE PROMOTE AND DEVELOP STUDENTS' SELF CONFIDENCE AND SENSE OF PERSONAL AGENCY. EVENTS THAT EXPLORE RICH MUSICAL, LITERARY, AND ARTISTIC TRADITIONS AS WELL AS CONTEMPORARY PRACTICES WILL CONTINUE TO GROW AND EXPAND TO REACH NEW AUDIENCES. TO CARRY OUT THE MISSION OF THE ARMENIAN MUSEUM OF AMERICA, THROUGH DIVERSE EDUCATIONAL PROGRAMS AND ACTIVITIES. CULTIVATE INTELLECTUAL CURIOSITY ABOUT ARMENIAN HISTORY & CULTURE AND ENGAGE STUDENTS IN COMPREHENSIVE LEARNING. SELF REFLECT AND EVALUATE EFFECTIVENESS OF PROGRAMS AND ALWAYS STRIVE TO IMPROVE AND CREATE THE BEST POSSIBLE LEARNING EXPERIENCE FOR ARMENIANS AND NONARMENIANS ALIKE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $2,146,079 | $1,344,253 | +0.6% |
| Expenses | $1,369,097 | $1,521,473 | -0.1% |
| Net Income | $776,982 | $-177,220 | -5.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MICHELE M KOLLIGIAN | PRESIDENT | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| JAMES A ERDEKIAN | CO-TREASURER | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| STUART GREEN | ASSISTANT SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| BARBARA J MERGUERIAN | SECRETARY | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| ROBERT P KHEDERIAN | CO-TREASURER | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| DANIEL K DORIAN | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARY ELLEN MARGOSIAN | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOAN AGAJANIAN QUINN | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SANDRA MISSAKIAN | MEMBER-AT-LARGE | 1.00 |
Director
|
$0 | $0 | $0 |
| ARAKEL ALMASIAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KEVORK ATINIZIAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| NISHAN ATINIZIAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CAMILLE BEDROSIAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| HAPET A BERBERIAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MARY GOUDSOUZIAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CHARLES HAJINIAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| BYRON V HARTUNIAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| VAHAN JANJIGIAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| EDWARD KELJIK JR | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MARK KOLLIGIAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| STEVEN M MIGRIDICHIAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CAROLYN MUGAR | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| BERJ NAJARIAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| VARUJAN OZCAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| HERMAN PURUTYAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DR LEVON SARYAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CAROLINE TUFENKIAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| TANER AKCAM | ACADEMIC ADVISOR | 1.00 |
Director
|
$0 | $0 | $0 |
| HAYK DEMOYAN | ACADEMIC ADVISOR | 1.00 |
Director
|
$0 | $0 | $0 |
| HELEN C EVANS | ACADEMIC ADVISOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRISTINA MARANCI | ACADEMIC ADVISOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JASON A SOHIGAN | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$145,000 | $0 | $145,000 |
| BERJ CHEKIJIAN | DIRECTOR OF FINANCE | 28.00 |
Officer
|
$61,315 | $0 | $61,315 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $2,146,079 | $1,369,097 | $17,989,567 | $776,982 |
| 2024 | $1,344,253 | $1,521,473 | $16,651,959 | $-177,220 |
| 2023 | $2,186,557 | $1,503,773 | $16,272,779 | $682,784 |
| 2022 | $2,153,609 | $1,464,286 | $16,301,172 | $689,323 |
| 2021 | $1,695,346 | $1,160,924 | $16,428,401 | $534,422 |
| 2020 | $1,077,566 | $969,735 | $14,897,113 | $107,831 |
| 2019 | $1,063,176 | $1,227,674 | $14,785,771 | $-164,498 |
| 2018 | $838,585 | $868,734 | $14,865,374 | $-30,149 |
Compare ARMENIAN MUSEUM OF AMERICA INC with other nonprofits in Massachusetts and across the country.