ARMENIAN STUDENTS' ASSOCIATION OF AMERICA INC (EIN 226054952) - 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

1910

Legal Domicile

Principal Officer

GREGORY ARZOOMANIAN

Phone

4014616114

Tax Period

2024-05-01 to 2025-04-30

ARMENIAN STUDENTS' ASSOCIATION OF AMERICA INC, founded in 1910, is a small nonprofit that reported $168K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $196K exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROVIDE EDUCATIONAL SCHOLARSHIPS/GRANTS TO ELIGIBLE STUDENTS MEETING THE CRITERIA OF THE ASSOCIATION'S BY-LAWS

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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 $36,254

Program Service Revenue $0

Investment Income $132,139

Other Revenue $72

TOTAL REVENUE $168,465

Expense Breakdown

Grants Paid $148,100

Salaries & Benefits $11,310

Fundraising Expenses $0

Program Expenses $148,100

Other Expenses $36,738

TOTAL EXPENSES $196,148

Year-over-Year Comparison

	2024	2023	Change
Revenue	$168,465	$195,918	-0.1%
Expenses	$196,148	$205,201	0.0%
Net Income	$-27,683	$-9,283	+2.0%

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

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
ALEX L KHALARIAN ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
ALICE MOVSESIAN	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN ASSADOURIAN	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
GREGORY ARZOOMANIAN	TREASURER	2.00	Officer Director	$0	$0	$0
GREGORY J VARTANIAN ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFFREY BOGHOSSIAN	SECRETARY	2.00	Officer Director	$0	$0	$0
JOHN KALIAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT M AVAKIAN	VICE CHAIRPERSON	2.00	Officer Director	$0	$0	$0
GEORGE E HALEBLIAN MD	BOARD MEMBER	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	$168,465	$196,148	$2,422,401	$-27,683
2024	$195,918	$205,201	$2,391,795	$-9,283
2023	$179,771	$221,987	$2,307,991	$-42,216
2022	$357,554	$205,313	$2,458,685	$152,241
2021	$236,825	$194,971	$2,670,152	$41,854
2020	$219,400	$181,289	$2,154,353	$38,111
2019	$248,724	$157,491	$2,373,312	$91,233
2018	$237,542	$143,509	$2,317,018	$94,033

ARMENIAN STUDENTS' ASSOCIATION OF AMERICA INC