ONE ARMENIA INC

EIN: 461085868 501(c)(3) Philanthropy & Grantmaking

MIAMI BEACH, FL

Total Revenue
$250,102
Total Expenses
$238,221
Total Assets
$39,930
Net Assets
$39,930
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
FL
Principal Officer
PATRICK SARKISSIAN
Phone
9174324078
Tax Period
2024-01-01 to 2024-12-31

ONE ARMENIA INC, founded in 2014, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $250K in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $238K left a modest 5% surplus.

Mission

TO SUPPORT JOB-CREATION IN ARMENIA VIA CROWDFUNDING FOR INNOVATIVE AND SUSTAINABLE PROJECTS FOCUSED ON AGRICULTURE, TOURISM, TECHNOLOGY AND LOCAL PRODUCTION.

Program Service Accomplishments

Program 1
Expenses: $159,506

ONEARMENIA (1A FOR SHORT) IS A GLOBAL COMMUNITY ADVANCING RESPONSIBLE TRAVEL IN ARMENIA'S TOURISM SECTOR. EVERY YEAR MORE TRAVELERS DISCOVER ARMENIA, BUT RURAL COMMUNITIES ARE NOT BENEFITTING FROM...

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ONEARMENIA (1A FOR SHORT) IS A GLOBAL COMMUNITY ADVANCING RESPONSIBLE TRAVEL IN ARMENIA'S TOURISM SECTOR. EVERY YEAR MORE TRAVELERS DISCOVER ARMENIA, BUT RURAL COMMUNITIES ARE NOT BENEFITTING FROM THE INDUSTRY. OUR MISSION IS TO MAKE THE COUNTRY THE #1 DESTINATION IN THE SOUTH CAUCASUS BY INCUBATING NEW EXPERIENCE-BASED TRAVEL PRODUCTS IN RURAL ARMENIA THAT ARE RESPONSIBLE AND SHOWCASE THE COUNTRY'S CULTURAL INTRIGUE.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $250,102
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $250,102

Expense Breakdown

Grants Paid $159,506
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $238,221
Other Expenses $78,715
TOTAL EXPENSES $238,221

Year-over-Year Comparison

2024 2023 Change
Revenue $250,102 $173,816 +0.4%
Expenses $238,221 $163,135 +0.5%
Net Income $11,881 $10,681 +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

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Governance

Voting Members
3
Independent Members
N/A
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
3
$58,291
Total Directors
3
$58,291
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICK SARKISSIAN DIRECTOR 2.00
Officer Director
$58,291 $0 $58,291
MIRAN SARKISSIAN DIRECTOR 0.50
Officer Director
$0 $0 $0
ANI SARKISSIAN DIRECTOR 0.50
Officer 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
2024 $250,102 $238,221 $39,930 $11,881
2023 $173,816 $163,135 $28,049 $10,681
2022 $1,616,095 $2,014,350 $17,370 $-398,255
2021 $372,816 $828,891 $415,625 $-456,075
2020 $5,149,485 $4,282,959 $871,700 $866,526
2019 $219,068 $236,063 $5,173 $-16,995
2018 $236,183 $246,277 $16,918 $-10,094
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