ARARAT CHARTER SCHOOL

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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

2010

Legal Domicile

Tax Period

2024-07-01 to 2025-06-30

ARARAT CHARTER SCHOOL, founded in 2010, is a community nonprofit in the Education sector that reported $6.9M in total revenue in fiscal year 2024. Expenses of $6.7M left a modest 3% surplus.

Mission

ARARAT CHARTER IS COMMITTED TO EDUCATING STUDENTS TO THEIR FULL POTENTIAL IN AN ENVIRONMENT THAT ACTIVELY ENGAGES STUDENTS IN RELEVANT PROGRAMS AND EXPECTED SCHOOL WIDE LEARNING RESULTS AND STANDARDS.

Program Service Accomplishments

Program 1

Expenses: $5,477,860

ALL CURRICULUM DESIGN IS ALIGNED WITH THE CALIFORNIA STATE STANDARDS. 1 STANDARDIZED TESTING REQUIRED BY THE STATE WILL BE CAASPP ASSESSMENTS. 2 RUBRICS, PROJECTS, STUDENT PORTFOLIOS AND STUDENT...

ALL CURRICULUM DESIGN IS ALIGNED WITH THE CALIFORNIA STATE STANDARDS. 1 STANDARDIZED TESTING REQUIRED BY THE STATE WILL BE CAASPP ASSESSMENTS. 2 RUBRICS, PROJECTS, STUDENT PORTFOLIOS AND STUDENT EXHIBITS ARE AN INTEGRAL PART OF OUR ONGOING ASSESSMENT OF STUDENT PROGRESS. 3 LESSONS ARE TAUGHT ACROSS THE DISCIPLINES THROUGH PROJECT-ENHANCED CURRICULUM. 4 PROVIDE COLLABORATIVE EXPERIENTIAL LEARNING ENVIRONMENT FOR STUDENTS TO DEVELOP THEIR INTERPERSONAL SKILLS AND NURTURE RESPECT, CIVIC RESPONSIBILITY AND LIFE-LONG LEARNING.

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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 $6,732,883

Program Service Revenue $0

Investment Income $176,036

Other Revenue $0

TOTAL REVENUE $6,908,919

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,373,614

Fundraising Expenses $22,836

Program Expenses $5,477,860

Other Expenses $2,318,326

TOTAL EXPENSES $6,691,940

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,908,919	$6,839,742	+0.0%
Expenses	$6,691,940	$6,783,914	0.0%
Net Income	$216,979	$55,828	+2.9%

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

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

$207,344

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AIDA TATIOSSIAN	Executive Dir.	40.00	Officer	$173,987	$33,357	$207,344
SAMANTHA PARISEN	ASST PRINCIPAL	40.00		$104,898	$20,089	$124,987
SHAKEH AVAKIAN	Chairman	5.00	Officer Director	$0	$0	$0
ROSEMARIE SHAMIEH	Secretary	5.00	Officer Director	$0	$0	$0
GUILIANA VELARDE	Director	5.00	Director	$0	$0	$0
KARIM MERZIAN	Treasurer	5.00	Officer Director	$0	$0	$0
VACHE SHIRVANIAN	Treasurer	5.00	Officer Director	$0	$0	$0
NAYRI HORVAT	Director	5.00	Director	$0	$0	$0
LYNN IZAKOWITZ	Director	0.00	Director	$0	$0	$0
ANDRANIK ASATRYAN	Director	0.00	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
2025	$6,908,919	$6,691,940	$6,424,758	$216,979
2024	No data	No data	No data	No data
2023	$5,980,591	$5,864,436	$6,545,929	$116,155
2022	$5,374,315	$5,009,741	$5,248,329	$364,574
2021	$4,432,743	$4,084,721	$4,708,410	$348,022
2020	$4,122,623	$3,798,624	$4,134,612	$323,999
2019	$4,085,676	$3,392,984	$3,762,926	$692,692
2018	$3,648,408	$3,097,261	$3,350,030	$551,147