GREATER DETROIT ARMENIAN SENIOR CITIZEN CORP (EIN 382228045) - 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

1982

Legal Domicile

Principal Officer

DANIEL JERAIR OURLIAN

Phone

3133367404

Tax Period

2023-01-01 to 2023-12-31

GREATER DETROIT ARMENIAN SENIOR CITIZEN CORP, founded in 1982, is a community nonprofit in the Human Services sector that reported $1.7M in total revenue in fiscal year 2023. The organization ran a surplus of $641K, a strong 37% operating margin.

Mission

TO PROVIDE QUALITY HOUSING FACILITIES TO SENIOR CITIZENS.

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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 $1,284,357

Program Service Revenue $396,542

Investment Income $55,226

Other Revenue $-5,962

TOTAL REVENUE $1,730,163

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,089,415

Other Expenses $1,089,415

TOTAL EXPENSES $1,089,415

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,730,163	$1,607,799	+0.1%
Expenses	$1,089,415	$1,005,026	+0.1%
Net Income	$640,748	$602,773	+0.1%

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

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
MANOUK DEROVAKIMIAN	DIRECTOR	N/A	Director	$0	$0	$0
SUSAN MARDOYAN	DIRECTOR	N/A	Director	$0	$0	$0
ZAVIN NAZARETIAN	DIRECTOR	N/A	Director	$0	$0	$0
GEORGI-ANN OSHAGAN	DIRECTOR	N/A	Director	$0	$0	$0
GREGORY VARTANIAN	DIRECTOR	N/A	Director	$0	$0	$0
TALINE MARKOSIAN	SECRETARY	N/A	Officer	$0	$0	$0
DANIEL JERAIR OURLIAN	PRESIDENT	N/A	Officer	$0	$0	$0
DARON TOPOUZIAN	TREASURER	N/A	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
2023	$1,730,163	$1,089,415	$4,786,070	$640,748
2022	$1,607,799	$1,005,026	$3,823,565	$602,773
2021	$1,511,846	$961,967	$3,196,443	$549,879
2020	$1,349,647	$980,785	$3,082,097	$368,862
2019	$1,327,615	$985,201	$3,165,399	$342,414
2018	$1,301,811	$996,970	$3,113,030	$304,841

GREATER DETROIT ARMENIAN SENIOR CITIZEN CORP