American Chess Academy (EIN 263269678) - 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

2008

Legal Domicile

Principal Officer

Armen Ambartsoumian

Phone

8186405974

Tax Period

2024-01-01 to 2024-12-31

American Chess Academy, founded in 2008, is a small nonprofit in the Recreation & Sports sector that reported $396K in total revenue in fiscal year 2024. Expenses of $337K left a modest 15% surplus.

Mission

Provided more than 300 students more than 4800 hours of instructional chess coaching. Expenses include tournament fees and travel expenses.

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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 $118,550

Program Service Revenue $277,598

Investment Income $0

Other Revenue $0

TOTAL REVENUE $396,148

Expense Breakdown

Grants Paid $0

Salaries & Benefits $61,952

Fundraising Expenses $0

Program Expenses $274,939

Other Expenses $274,939

TOTAL EXPENSES $336,891

Year-over-Year Comparison

	2024	2023	Change
Revenue	$396,148	N/A	N/A
Expenses	$336,891	N/A	N/A
Net Income	$59,257	N/A	N/A

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Armen Ambartsoumian	President	35.00	Officer Highest	$0	$0	$0
Tatev Abrahamyan	Director	10.00	Officer	$0	$0	$0
Jerry Yee	Director	40.00	Officer	$0	$0	$0
Melikset Khachiyan	Director	3.00	Officer	$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	$396,148	$336,891	$135,302	$59,257

American Chess Academy