IRANIAN ARMENIAN SOCIETY INC (EIN 237168859) - 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

1950

Legal Domicile

Phone

7184238086

Tax Period

2024-01-01 to 2024-12-31

IRANIAN ARMENIAN SOCIETY INC, founded in 1950, is a small nonprofit in the Arts, Culture & Humanities sector that reported $121K in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $134K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROMOTE CULTURAL DEVELOPMENT.

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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 $10,070

Program Service Revenue $110,782

Investment Income $0

Other Revenue $0

TOTAL REVENUE $120,852

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $24,746

Other Expenses $134,253

TOTAL EXPENSES $134,253

Year-over-Year Comparison

	2024	2023	Change
Revenue	$120,852	$151,850	-0.2%
Expenses	$134,253	$142,123	-0.1%
Net Income	$-13,401	$9,727	-2.4%

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

N/A

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
GOURGEN GRIGORIAN	BOARD MEMBER	1.00	Director	$0	$0	$0
VAROUZH YAVARIAN	CFO	10.00	Director	$0	$0	$0
HELEN TOROSIAN	BOARD MEMBER	1.00	Director	$0	$0	$0
HAIEK ANTANESIAN	BOARD MEMBER	1.00	Director	$0	$0	$0
HEROS MINASSIAN	BOARD MEMBER	1.00	Director	$0	$0	$0
INNA VAYNBERG	BOARD MEMBER	1.00	Director	$0	$0	$0
NORIK TATEVOSSIAN	BOARD MEMBER	1.00	Director	$0	$0	$0
BEN TOROSIAN	BOARD MEMBER	1.00	Director	$0	$0	$0
RENE ANTANESIAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ASHOT AVEDIAN	BOARD MEMBER	1.00	Director	$0	$0	$0
HOVSEP BABAIAN	BOARD MEMBER	1.00	Director	$0	$0	$0
STELLA MINASSIAN STEPANIAN	President	25.00	Director	$0	$0	$0
GARO NAKASHIAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MIGIRDIC EKNAYAN	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
2024	$120,852	$134,253	$515,374	$-13,401
2023	$151,850	$142,123	$535,862	$9,727
2022	$145,886	$123,964	$519,770	$21,922
2021	$104,428	$94,122	$506,588	$10,306
2019	$147,177	$131,611	$512,129	$15,566

IRANIAN ARMENIAN SOCIETY INC