ARMENIAN RELIEF & DEVELOPMENT ASSO… - 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

1970

Legal Domicile

Phone

6267443221

Tax Period

2024-01-01 to 2024-12-31

ARMENIAN RELIEF & DEVELOPMENT ASSOCIATION, founded in 1970, is a small nonprofit in the International Affairs sector that reported $768K in total revenue in fiscal year 2024. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 45% operating deficit.

Mission

HELPS CHILDREN, ELDERLY AND FAMILIES IN ARMENIA WITH BASIC HUMANITARIAN AND SPIRITUAL NEEDS.

Program Service Accomplishments

Program 1

Expenses: $827,873 Revenue: $118,078

HUMANITARIAN AID PROVIDED TO ARMENIA IN THE FORM OF FOOD & CLOTHING DISTRIBUTED, MONETARY SUPPORT OF APPROXIMATELY 15 SCHOOLS, MEDICAL & DENTAL CARE AT THE ORGANIZATION'S HEALTH CLINIC, OVER 1,500...

HUMANITARIAN AID PROVIDED TO ARMENIA IN THE FORM OF FOOD & CLOTHING DISTRIBUTED, MONETARY SUPPORT OF APPROXIMATELY 15 SCHOOLS, MEDICAL & DENTAL CARE AT THE ORGANIZATION'S HEALTH CLINIC, OVER 1,500 YOUTH SERVED AT NINE CENTERS, DISTRIBUTION OF WINTER WOOD & FUEL FOR NEEDY FAMILIES & SCHOOLS, MONETARY SUPPORT FOR THE POOR AND NEEDY, AND CONSTRUCTION OF SCHOOL AND COMMUNITY BUILDINGS.

Program 2

Expenses: $92,005

U.S. OFFICE PROVIDES DIRECT SUPERVISION TO ARMENIA RELIEF & DEVELOPMENT ACTIVITIES, COORDINATES SHIPMENTS OF FOOD TO ARMENIA, SUPERVISES GRANTS TO OTHER ORGANIZATIONS AND INDIVIDUALS PROVIDING...

U.S. OFFICE PROVIDES DIRECT SUPERVISION TO ARMENIA RELIEF & DEVELOPMENT ACTIVITIES, COORDINATES SHIPMENTS OF FOOD TO ARMENIA, SUPERVISES GRANTS TO OTHER ORGANIZATIONS AND INDIVIDUALS PROVIDING HUMARITARIAN AND SPIRITUAL HELP TO ARMENIA.

Program 3

Expenses: $47,198 Revenue: $30,000

CHRISTIAN EDUCATION AND EVANGELISM CONDUCTED IN SCHOOLS, YOUTH CENTER, AND CHURCHES IN ARMENIA. TRANSLATION AND AIRING OF EIGHT DAILY BIBLE RADIO BROADCASTS.

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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 $606,868

Program Service Revenue $148,078

Investment Income $10,014

Other Revenue $3,106

TOTAL REVENUE $768,066

Expense Breakdown

Grants Paid $542,494

Salaries & Benefits $327,280

Fundraising Expenses $21,069

Program Expenses $967,076

Other Expenses $240,152

TOTAL EXPENSES $1,109,926

Year-over-Year Comparison

	2024	2023	Change
Revenue	$768,066	$1,514,043	-0.5%
Expenses	$1,109,926	$1,213,746	-0.1%
Net Income	$-341,860	$300,297	-2.1%

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

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
ARIEL BABIKIAN	EXECUTIVE DIRECTOR	40.00		$108,000	$12,642	$120,642
NANOR PILILIAN	Director	2.00	Director	$0	$0	$0
STAN LAZARIAN	President	10.00	Officer Director	$0	$0	$0
LEVON FILIAN	Secretary	2.00	Officer Director	$0	$0	$0
H RAYMOND SAVOIAN	Chairman	2.00	Officer Director	$0	$0	$0
MIHRAN BEREJIKIAN	Director	2.00	Director	$0	$0	$0
DARELL LEVONIAN	Director	2.00	Director	$0	$0	$0
MARTIN ESKIJIAN	Treasurer	2.00	Officer Director	$0	$0	$0
PAUL AIJIAN	Vice Chairman	2.00	Director	$0	$0	$0
JACOB KHUSHIGIAN	Director	2.00	Director	$0	$0	$0
ANI SHAHINIAN	Director	2.00	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	$981,529	$1,109,926	$1,585,823	$-128,397
2024	$768,066	$1,109,926	$1,585,823	$-341,860
2023	$1,514,043	$1,213,746	$1,685,342	$300,297
2022	$941,385	$1,126,528	$1,326,638	$-185,143
2021	$1,008,702	$1,015,213	$1,597,089	$-6,511
2020	$1,126,085	$1,010,382	$1,577,397	$115,703
2019	$1,450,925	$1,531,856	$1,475,796	$-80,931
2018	$869,344	$1,145,085	$1,503,177	$-275,741

ARMENIAN RELIEF & DEVELOPMENT ASSOCIATION