ARMENIAN CULTURAL ASSOCIATION HAMA… - 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

1971

Legal Domicile

Phone

8182192648

Tax Period

2024-01-01 to 2024-12-31

ARMENIAN CULTURAL ASSOCIATION HAMAZKAYIN INC, founded in 1971, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2024. Revenue surged 448% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 88% operating margin.

Mission

THE ORGANIZATION PROVIDES THE PUBLIC WITH ARMENIAN CULTURAL DANCES, CONCERTS, AND OTHER MUSICAL EVENTS.

Program Service Accomplishments

Program 1

Expenses: $230,947 Revenue: $228,132

THE ORGANIZATION PROVIDES THE PUBLIC WITH ARMENIAN CULTURAL DANCES, CONCERTS, AND OTHER MUSICAL EVENTS.

Program 2

Expenses: $23,980

THE ORGANIZATION SUPPORTS NON-PROFITS THAT REQUIRES FUNDING FOR DANCE & MUSIC CLASSES

Program 3

Expenses: $5,866 Revenue: $62,515

THE ORGANIZATION PROVIDES THE PUBLIC WITH ARMENIAN CULTURE & HERITAGE THROUGH CULTURAL FESTIVALS, YOUTH ACTIVITIES, ART SHOWS, LECTURES, AND ETC.

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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 $2,326,967

Program Service Revenue $62,515

Investment Income $20,615

Other Revenue $-2,815

TOTAL REVENUE $2,407,282

Expense Breakdown

Grants Paid $55,465

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $260,793

Other Expenses $237,281

TOTAL EXPENSES $292,746

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,407,282	$439,555	+4.5%
Expenses	$292,746	$294,070	0.0%
Net Income	$2,114,536	$145,485	+13.5%

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

N/A

Volunteers

180

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
MANOUG JOUKHAJIAN	President	5.00	Officer Director	$0	$0	$0
HOVIG SERAYDARIAN	Vice President	5.00	Officer Director	$0	$0	$0
MARAL TOULOUMIAN	Secretary	5.00	Officer Director	$0	$0	$0
VIC HARBOYAN	Treasurer	5.00	Director	$0	$0	$0
TAMAR OURICHIAN	Bookkeeper	5.00	Director	$0	$0	$0
HOURY BERBERIAN	Director	5.00	Director	$0	$0	$0
RAFFI OHANIAN	Director	5.00	Director	$0	$0	$0
SHOUSHIG ASLANIAN	Director	5.00	Director	$0	$0	$0
TALINE APANIAN	Director	5.00	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	$2,407,282	$292,746	$3,500,503	$2,114,536
2023	$439,555	$294,070	$636,217	$145,485
2022	$38,307	$28,351	$496,239	$9,956
2021	$176,610	$79,273	$486,283	$97,337
2020	$126,246	$120,496	$388,946	$5,750
2019	$216,864	$188,231	$383,196	$28,633
2018	$163,321	$111,777	$354,563	$51,544

ARMENIAN CULTURAL ASSOCIATION HAMAZKAYIN INC