ARMENIAN CULTURAL & EDUCATIONAL CENTER INC

EIN: 237435493 501(c)(3) Arts, Culture & Humanities

WATERTOWN, MA

Total Revenue
$439,756
Total Expenses
$323,338
Total Assets
$1,129,217
Net Assets
$569,126
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
MA
Principal Officer
VATCHE SERADERIAN
Phone
6173122828
Tax Period
2024-01-01 to 2024-12-31

ARMENIAN CULTURAL & EDUCATIONAL CENTER INC, founded in 1975, is a small nonprofit in the Arts, Culture & Humanities sector that reported $440K in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $116K, a strong 26% operating margin.

Mission

PROVIDE CULTURAL AND EDUCATIONAL SERVICES TO THE ARMENIAN COMMUNITY

Program Service Accomplishments

Program 1
Expenses: $58,136 Revenue: $126,190

MEETING FACILITIES FOR ARMENIAN GROUPS AND CIVIC AND COMMUNITY ACTIVITIES

Program 2
Expenses: $43,133 Revenue: $93,624

ARMENIAN AND ENGLISH LANGUAGE CLASSES, SUNDAY SCHOOL, AND CITIZENSHIP CLASSES

Program 3
Expenses: $43,133 Revenue: $93,624

CULTURAL EVENTS SUCH AS LECTURES AND EXHIBITS

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $27,015
Program Service Revenue $299,192
Investment Income $26,178
Other Revenue $87,371
TOTAL REVENUE $439,756

Expense Breakdown

Grants Paid $0
Salaries & Benefits $110,647
Fundraising Expenses $12,933
Program Expenses $187,536
Other Expenses $212,691
TOTAL EXPENSES $323,338

Year-over-Year Comparison

2024 2023 Change
Revenue $439,756 $330,358 +0.3%
Expenses $323,338 $344,151 -0.1%
Net Income $116,418 $-13,793 -9.4%
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

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Governance

Voting Members
21
Independent Members
21
Employees
3
Volunteers
N/A

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
4
$0
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEAN AVEDISSIAN TRUSTEE 2.00
Director
$0 $0 $0
ANI ZARGARIAN TRUSTEE 2.00
Director
$0 $0 $0
DIKRAN KALIGIAN TRUSTEE 2.00
Director
$0 $0 $0
MARTHA MENSOIAN VICE PRESIDENT & TRUSTEE 2.00
Officer Director
$0 $0 $0
TALAR ABDELIAN TRUSTEE 2.00
Director
$0 $0 $0
JOSHUA TEVEKELIAN TRUSTEE 2.00
Director
$0 $0 $0
STEPAN CHILOYAN TRUSTEE 2.00
Director
$0 $0 $0
VARANT CHILOYAN TRUSTEE 2.00
Director
$0 $0 $0
VAHE GHAHRAMAN SECRETARY & TRUSTEE 2.00
Officer Director
$0 $0 $0
ARMEN KHACHATOURIAN TREASURER & TRUSTEE 2.00
Officer Director
$0 $0 $0
CHARLES ASLANIAN TRUSTEE 2.00
Director
$0 $0 $0
VATCHE SERADERIAN PRESIDENT AND TRUSTEE 2.00
Officer Director
$0 $0 $0
RAFFI VARJABEDIAN TRUSTEE 2.00
Director
$0 $0 $0
ALAIN CHAGLASSIAN TRUSTEE 2.00
Director
$0 $0 $0
RICHIE GHAZARYANS TRUSTEE 2.00
Director
$0 $0 $0
JOHN JERIKIAN TRUSTEE 2.00
Director
$0 $0 $0
ARA MARGOSIAN TRUSTEE 2.00
Director
$0 $0 $0
SARO SAKAIAN TRUSTEE 2.00
Director
$0 $0 $0
ROUBINA SURENIAN TRUSTEE 2.00
Director
$0 $0 $0
MIHRAN YENIKOMSHIAN TRUSTEE 2.00
Director
$0 $0 $0
RAFFI YABOUJIAN TRUSTEE 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 $439,756 $323,338 $1,129,217 $116,418
2023 $330,358 $344,151 $1,111,979 $-13,793
2022 $884,543 $296,589 $1,107,268 $587,954
2021 $282,584 $293,665 $560,325 $-11,081
2020 $140,849 $257,981 $549,264 $-117,132
2019 $269,285 $323,203 $658,144 $-53,918
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