HOVSEPIAN MINISTRIES INC

EIN: 364605569 501(c)(3) Religion

Burbank, CA

Total Revenue
$318,293
Total Expenses
$376,312
Total Assets
$341,931
Net Assets
$259,591
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
CA
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.

Program Service Accomplishments

Program 1
Expenses: $175,474 Revenue: $0

Geranbaha - meaning Precious is a platform that touches tens of thousands of Iranian lives on a daily basis through its website social media channels and live programs. It provides access to teaching...

Read more

Geranbaha - meaning Precious is a platform that touches tens of thousands of Iranian lives on a daily basis through its website social media channels and live programs. It provides access to teaching worship resources daily devotionals discipleship articles audio sermons and more all available in video audio and text formats. The Iranian peoples response to the widespread distribution of all of this fresh Christian content has been overwhelmingly positive and it continues to lead to one-on-one communications with viewers through secure messaging or calling on some of the media apps such as Telegram that host Geranbaha. Geranbahas audience is quickly turning into a virtual church where members are benefiting not only from spiritual resources but fellowship as well. Since its launch Geranbahas media content and trained follow-up team have led hundreds of people to to Christ and helped thousands more to grow in their faith. Our communication channels are overwhelmingly busy receiving an average of 2,700 content downloads per day making Geranbaha one of the largest most up-to-date and most engaging internet and on-air platforms for Farsi Christian resources. In addition Geranbahas footprints can be traced to several other ministries who are now frequently using its new creative and high-quality content freely as a tool for their ministry to Iranians.

Program 2
Expenses: $105,500 Revenue: $0

Persecution Series - The Isolated Believers project is a video series based on the shared struggles of Christians living in the nation of Iran. Each episode focuses on a unique facet of living under...

Read more

Persecution Series - The Isolated Believers project is a video series based on the shared struggles of Christians living in the nation of Iran. Each episode focuses on a unique facet of living under persecution and the impact it has on the individual their relationships and daily lives. The goal of the project is to encourage believers who feel isolated and to show them they are not alone - the Lord is with them in their struggle and there are many others who labor alongside them and understand what they are going through. Each episode addresses a challenge offers practical solutions and serves as a catalyst for deeper conversation through creative storytelling.

Program 3
Expenses: $79,500 Revenue: $0

House of Worship - The program includes a group of young musicians and singers gathered together in a cozy setting playing and singing worship songs while a small audience worships with the band in...

Read more

House of Worship - The program includes a group of young musicians and singers gathered together in a cozy setting playing and singing worship songs while a small audience worships with the band in the background. The overall mood of the program is deep spiritual worship. During the worship there is a time for poem reading as well as a short devotional message related to worship and exhausting the Lord which are recorded separately and inserted between the songs.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
5
Independent Members
4
Employees
1
Volunteers
7

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
1
$60,000
Total Directors
5
$60,000
Key Employees
0
$0
Highest Compensated
0
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
Explore More Nonprofits
Top 100 Nonprofits in California Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare HOVSEPIAN MINISTRIES INC with other nonprofits in California and across the country.