TUMO FOUNDATION

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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

2011

Legal Domicile

Principal Officer

SAMUEL SIMONIAN

Phone

2147070999

Tax Period

2024-01-01 to 2024-12-31

TUMO FOUNDATION, founded in 2011, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $16.9M in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. Expenses of $16.2M left a modest 4% surplus.

Mission

TUMO FOUNDATION SERVES TO PROVIDE FREE AFTER-SCHOOL EDUCATIONAL PROGRAMMING TO TEENS AT THE INTERSECTION OF DESIGN AND TECHNOLOGY.

Program Service Accomplishments

Program 1

Expenses: $15,574,178

TUMO FOUNDATION CREATES AND FUNDS CENTERS FOCUSED ON PROVIDING AFTER SCHOOL ACTIVITIES TO PROMOTE EDUCATIONAL PURPOSES IN DESIGN AND TECHNOLOGY. THE PROGRAMS ARE FREE TO QUALIFYING STUDENTS. IN 2024, SUPPORT FOR A CENTER IN ARMENIA ALLOWED IT TO CONTINUE SERVING MORE THAN 25,000 STUDENTS. ADDITIONALLY, THE RENOVATION OF PROPERTY IN THE UNITED STATES CONTINUED TO PREPARE FOR A NEW CENTER TO BE OPENED IN 2025.

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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 $16,251,360

Program Service Revenue $0

Investment Income $730,757

Other Revenue $-62,902

TOTAL REVENUE $16,919,215

Expense Breakdown

Grants Paid $15,359,530

Salaries & Benefits $584,629

Fundraising Expenses $349,440

Program Expenses $15,574,178

Other Expenses $285,646

TOTAL EXPENSES $16,234,753

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,919,215	$11,233,268	+0.5%
Expenses	$16,234,753	$13,559,998	+0.2%
Net Income	$684,462	$-2,326,730	-1.3%

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

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

$415,584

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAMUEL SIMONIAN	PRESIDENT/DI	10.00	Officer Director	$0	$0	$0
RAFFI KRIKORIAN	SECRETARY/DI	0.50	Officer Director	$0	$0	$0
ELIE AKILIAN	TREASURER/DI	0.50	Officer Director	$0	$0	$0
VAHE KUZOYAN	DIRECTOR	0.50	Director	$0	$0	$0
NAIRI TASHIJAN HOURDAJIAN	DIRECTOR	0.50	Director	$0	$0	$0
SAWYER HESCOCK	CEO TUMO LA	40.00	Officer	$150,000	$7,589	$157,589
ANGELA KHURDAJIAN	VP PHILANTHR	40.00	Officer	$248,237	$9,758	$257,995

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
2024	$16,919,215	$16,234,753	$30,360,194	$684,462
2023	$11,233,268	$13,559,998	$35,187,982	$-2,326,730
2022	$27,622,376	$9,892,450	$37,377,322	$17,729,926
2022	$35,265,307	$9,892,679	$36,706,549	$25,372,628