THE ARMENIAN PHILHARMONIC ORCHESTRA FOUNDATION (EIN 462464494) - 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

2012

Legal Domicile

Principal Officer

HAIG S BAGERDJIAN

Phone

8187832915

Tax Period

2024-01-01 to 2024-12-31

THE ARMENIAN PHILHARMONIC ORCHESTRA FOUNDATION, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $208K in total revenue in fiscal year 2024. Revenue fell 54% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $180K, a strong 87% operating margin.

Mission

THIS CORPORATION IS A NONPROFIT BENEFIT CORPORATION AND IS NOT ORGANIZED FOR THEPRIVATE GAIN OF ANY PERSON. IT IS ORGANIZED UNDER THE NONPROFIT PUBLIC BENEFITCORPORATION LAW FOR PUBLIC AND CHARITABLE PURPOSES.THE SPECIFIC PURPOSE OF THIS CORPORATION IS TO PRESENT TO THE WORLD THE RICH MUSICALHERITAGE OF THE ARMENIAN PHILHARMONIC ORCHESTRA, TO SUPPORT THE DAY-TO-DAY ACTIVITIES OF THE ARMENIAN PHILHARMONIC ORCHESTRA, TO PROVIDE YOUTH MENTORSHIP AND TRAINING PROGRAMS FOR FUTURE GENERATIONS OF MUSICIANS, AND TO LAUNCH LONG-TERM PUBLIC RELATIONS AND FUNDRAISING CAMPAIGNS TO FINANCE ALL OBJECTIVES ABOVE.

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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 $200,000

Program Service Revenue $0

Investment Income $7,848

Other Revenue $0

TOTAL REVENUE $207,848

Expense Breakdown

Grants Paid $26,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $26,000

Other Expenses $1,649

TOTAL EXPENSES $27,649

Year-over-Year Comparison

	2024	2023	Change
Revenue	$207,848	$450,000	-0.5%
Expenses	$27,649	$400,575	-0.9%
Net Income	$180,199	$49,425	+2.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
HAIG S BAGERDJIAN	CEO	Officer	$0	$0	$0
NEAL CANNON	CFO	Officer	$0	$0	$0
VARAND GOURJIAN	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
2024	$207,848	$27,649	$379,744	$180,199
2023	$450,000	$400,575	$199,545	$49,425
2022	$475,500	$525,548	$150,120	$-50,048
2021	$301,800	$101,725	$200,168	$200,075

THE ARMENIAN PHILHARMONIC ORCHESTRA FOUNDATION