HOVSEPIAN MINISTRIES INC (EIN 364605569) - 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

2007

Legal Domicile

Phone

8185170101

Tax Period

2023-01-01 to 2023-12-31

HOVSEPIAN MINISTRIES INC, founded in 2007, is a small nonprofit in the Religion sector that reported $318K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $376K exceeded revenue, resulting in a 18% operating deficit.

Mission

Hovsepian Ministries was formed to share the good news of the gospel and message of hope with the Farsi speaking world through satellite online resources and events.

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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 (2023)

Revenue Breakdown

Contributions & Grants $295,400

Program Service Revenue $0

Investment Income $21,659

Other Revenue $1,234

TOTAL REVENUE $318,293

Expense Breakdown

Grants Paid $0

Salaries & Benefits $70,224

Fundraising Expenses $977

Program Expenses $360,474

Other Expenses $306,088

TOTAL EXPENSES $376,312

Year-over-Year Comparison

	2023	2022	Change
Revenue	$318,293	$337,599	-0.1%
Expenses	$376,312	$314,694	+0.2%
Net Income	$-58,019	$22,905	-3.5%

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

$60,000

Total Directors

$60,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joseph Hovsepian	Executive Director	40.00	Officer Director	$60,000	$0	$60,000
Anoosh Bolluk	Director	2.00	Director	$0	$0	$0
Takoush Margoosian	Director	1.00	Director	$0	$0	$0
Arpi Der Galestian	Director	1.00	Director	$0	$0	$0
Derenik Markosian	Director	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$318,293	$376,312	$341,931	$-58,019
2022	$337,599	$314,694	$315,081	$22,905
2021	$331,036	$323,891	$354,087	$7,145
2020	$283,841	$269,024	$342,575	$14,817

HOVSEPIAN MINISTRIES INC