THE FRIENDS OF HOLY ETCHMIADZIN INC C/O STEPHEN MEKENIAN (EIN 311819044) - 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

2003

Legal Domicile

Principal Officer

STEPHEN MEKENIAN

Phone

2019678200

Tax Period

2025-01-01 to 2025-12-31

THE FRIENDS OF HOLY ETCHMIADZIN INC C/O STEPHEN MEKENIAN, founded in 2003, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $603K in total revenue in fiscal year 2025. Revenue fell 26% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $371K, a strong 62% operating margin.

Mission

SUPPORT OF THE HOLY ETCHMIADZIN, ARMENIA AND OTHER ARMENIAN CHARITIES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $244,550

Program Service Revenue $0

Investment Income $358,804

Other Revenue $0

TOTAL REVENUE $603,354

Expense Breakdown

Grants Paid $180,120

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $180,120

Other Expenses $51,745

TOTAL EXPENSES $231,865

Year-over-Year Comparison

	2025	2024	Change
Revenue	$603,354	$814,121	-0.3%
Expenses	$231,865	$273,509	-0.2%
Net Income	$371,489	$540,612	-0.3%

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

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
SARKIS BEDEVIAN	CHAIR, BOARD OF TRUSTEES THRU 1/25	1.00	Officer Director	$0	$0	$0
STEPHEN MEKENIAN	CHAIRMAN EFF. 1/25 / TREASURER	1.00	Officer Director	$0	$0	$0
HAIG ARIYAN	VICE CHAIRMAN / SECRETARY	1.00	Officer Director	$0	$0	$0
JOSEPH BASRALIAN	TRUSTEE	1.00	Director	$0	$0	$0
ZAVEN DADEKIAN	TRUSTEE	1.00	Director	$0	$0	$0
STEPHEN HARATUNIAN	TRUSTEE	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
2025	$603,354	$231,865	$12,649,528	$371,489
2024	No data	No data	No data	No data
2023	$2,823,055	$2,424,341	$10,400,845	$398,714
2022	$1,358,469	$1,416,423	$9,572,003	$-57,954
2021	$1,043,014	$130,237	$11,554,741	$912,777
2020	$3,662,770	$302,988	$10,349,026	$3,359,782
2019	$1,041,209	$307,589	$6,365,617	$733,620
2018	$1,109,533	$122,592	$5,431,220	$986,941

THE FRIENDS OF HOLY ETCHMIADZIN INC C/O STEPHEN MEKENIAN