CULTURAL SOCIETY OF ARMENIANS FROM ISTANBUL (EIN 386147534) - 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

1964

Legal Domicile

Principal Officer

Vahe Akaraz

Phone

2482522762

Tax Period

2024-05-01 to 2025-04-30

CULTURAL SOCIETY OF ARMENIANS FROM ISTANBUL, founded in 1964, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $68K in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. Net assets of $811K represent 142 months of operating reserves.

Mission

Provide assistance for Armenian cultural and educational activities for both individuals and organizations, both in the U.S. and abroad.

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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 $18,321

Program Service Revenue $0

Investment Income $50,000

Other Revenue $0

TOTAL REVENUE $68,321

Expense Breakdown

Grants Paid $49,200

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $66,581

Other Expenses $17,381

TOTAL EXPENSES $66,581

Year-over-Year Comparison

	2024	2023	Change
Revenue	$68,321	$111,466	-0.4%
Expenses	$66,581	$116,201	-0.4%
Net Income	$1,740	$-4,735	-1.4%

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	Role	Reportable Comp	Other Comp	Total
Vahe Akaraz	President	Officer	$0	$0	$0
Sona Lacinian	Vice President	Officer	$0	$0	$0
Nubar Terzian	Advisor	Officer	$0	$0	$0
Steve Kalfayan	Co-Treasurer	Officer	$0	$0	$0
Arthur Koncagul	Co-Treasurer	Officer	$0	$0	$0
Silva Sagherian	Advisor	Officer	$0	$0	$0
Rita Akaraz-Avedisian	Advisor	Officer	$0	$0	$0
Michael Kalfayan	Advisor	Officer	$0	$0	$0
Greg Akaraz	Advisor	Officer	$0	$0	$0
Linda Kalfayan	Secretary	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
2025	$68,321	$66,581	$811,128	$1,740
2024	$111,466	$116,201	$806,477	$-4,735
2023	$41,880	$38,580	$809,820	$3,300
2022	$53,930	$47,592	$806,160	$6,338
2021	$52,112	$52,112	$873,591	No data

CULTURAL SOCIETY OF ARMENIANS FROM ISTANBUL