Western Diocese Endowment Fund Inc

EIN: 261971117 501(c)(3) Religion

Fresno, CA

Total Revenue
$3,443,818
Total Expenses
$3,150,526
Total Assets
$82,307,615
Net Assets
$79,413,685
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
CA
Phone
5592521800
Tax Period
2025-01-01 to 2025-12-31

Western Diocese Endowment Fund Inc, founded in 2007, is a community nonprofit in the Religion sector that reported $3.4M in total revenue in fiscal year 2025. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $3.2M left a modest 9% surplus.

Mission

The purpose of the Western Diocese Endowment Fund, Inc. is to support the activities of the Western Diocese of the Armenian Church of North America by providing ongoing financial support to various churches and religious activities of the Western Diocese

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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 (2025)

Revenue Breakdown

Contributions & Grants $306,754
Program Service Revenue $0
Investment Income $3,137,064
Other Revenue $0
TOTAL REVENUE $3,443,818

Expense Breakdown

Grants Paid $2,873,954
Salaries & Benefits $0
Fundraising Expenses $75,000
Program Expenses $2,873,954
Other Expenses $276,572
TOTAL EXPENSES $3,150,526

Year-over-Year Comparison

2025 2024 Change
Revenue $3,443,818 $2,820,837 +0.2%
Expenses $3,150,526 $2,849,296 +0.1%
Net Income $293,292 $-28,459 -11.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
16
Employees
N/A
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
6
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Razmig Der-Tavitian Advisor 0.00
Director
$0 $0 $0
Harout Deramerian Treasurer 0.00
Officer Director
$0 $0 $0
Richard Mushegain Secretary 0.00
Officer Director
$0 $0 $0
Derik Ghookasian Assistant Treas 0.00
Officer Director
$0 $0 $0
Archbishop Hovnan Derderian President 0.00
Officer Director
$0 $0 $0
David Keligian Assistant Sec. 0.00
Officer Director
$0 $0 $0
Yuriy Akopyan Advisor 0.00
Director
$0 $0 $0
Ara Yerganian Advisor 0.00
Director
$0 $0 $0
John Tajirian Advisor 0.00
Director
$0 $0 $0
Lisa Kalustian Advisor 0.00
Director
$0 $0 $0
Jack Kalaydjian Advisor 0.00
Director
$0 $0 $0
Stephen Hampar Advisor 0.00
Director
$0 $0 $0
Artin Knadjian Advisor 0.00
Director
$0 $0 $0
Shant Krikorian Advisor 0.00
Director
$0 $0 $0
Joseph Kanimian Advisor 0.00
Director
$0 $0 $0
Varoujan Altebarmakian MD Chairman 0.00
Officer 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 $3,443,818 $3,150,526 $82,307,615 $293,292
2024 $2,820,837 $2,849,296 $74,126,012 $-28,459
2023 $9,548,241 $2,908,359 $69,281,381 $6,639,882
2022 $-8,914,179 $2,932,171 $62,523,635 $-11,846,350
2021 $10,721,385 $2,876,458 $74,278,534 $7,844,927
2020 $10,858,375 $2,562,075 $66,188,317 $8,296,300
2019 $10,198,256 $2,395,918 $57,750,626 $7,802,338
2018 $-2,939,515 $2,022,029 $49,546,769 $-4,961,544
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