ARMENIAN MUSEUM OF AMERICA INC (EIN 222778232) - 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

1986

Legal Domicile

Principal Officer

JAMES ERDEKIAN

Phone

6179262562

Tax Period

2024-07-01 to 2025-06-30

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.

Mission

TO COLLECT, PRESERVE, AND DISPLAY OBJECTS AND WRITTEN WORKS OF ARMENIAN CULTURAL SIGNIFICANCE, PAST AND PRESENT, TO ARCHIVE AND SHARE WITH THE PUBLIC.

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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 $1,469,279

Program Service Revenue $112,623

Investment Income $311,896

Other Revenue $252,281

TOTAL REVENUE $2,146,079

Expense Breakdown

Grants Paid $0

Salaries & Benefits $544,279

Fundraising Expenses $81,688

Program Expenses $925,478

Other Expenses $824,818

TOTAL EXPENSES $1,369,097

Year-over-Year Comparison

	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%

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

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

$206,315

Total Directors

Key Employees

Highest Compensated

reported

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

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	$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

ARMENIAN MUSEUM OF AMERICA INC