THE ARMENIAN EYECARE PROJECT

EIN: 470850159 501(c)(3) Diseases & Disorders

SAN DIMAS, CA

Total Revenue
$4,535,414
Total Expenses
$2,840,676
Total Assets
$5,086,287
Net Assets
$5,033,811
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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
2002
Legal Domicile
CA
Principal Officer
ROGER OHANESIAN MD
Phone
9499334069
Tax Period
2024-01-01 to 2024-12-31

THE ARMENIAN EYECARE PROJECT, founded in 2002, is a community nonprofit in the Diseases & Disorders sector that reported $4.5M in total revenue in fiscal year 2024. Revenue surged 138% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 37% operating margin.

Mission

TO ELIMINATE PREVENTABLE BLINDNESS FOR ARMENIAN CHILDREN AND ADULTS BY PROVIDING MEDICAL CARE AND SURGERY, SCREENING AND EDUCATION, AS WELL AS CONDUCTING EYECARE RESEARCH.

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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 $4,596,323
Program Service Revenue $0
Investment Income $41,507
Other Revenue $-102,416
TOTAL REVENUE $4,535,414

Expense Breakdown

Grants Paid $0
Salaries & Benefits $690,731
Fundraising Expenses $115,322
Program Expenses $2,351,501
Other Expenses $2,149,945
TOTAL EXPENSES $2,840,676

Year-over-Year Comparison

2024 2023 Change
Revenue $4,535,414 $1,905,387 +1.4%
Expenses $2,840,676 $2,282,436 +0.2%
Net Income $1,694,738 $-377,049 -5.5%
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
12
Independent Members
12
Employees
3
Volunteers
12

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
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL AGHAJANIAN BOARD MEMBER 2
Director
$0 $0 $0
DAVID KELIGIAN JD CPA CFO/TREASURER 2
Officer Director
$0 $0 $0
LISA KALUSTIAN BOARD MEMBER 2
Director
$0 $0 $0
MEREDITH KHACHIGIAN BOARD MEMBER 2
Director
$0 $0 $0
RICHARD A HILL MD BOARD MEMBER 2
Director
$0 $0 $0
ROGER OHANESIAN MD PRESIDENT/BD 10
Officer Director
$0 $0 $0
BARUCH D KUPPERMANN PHD MD BOARD MEMBER 2
Director
$0 $0 $0
JOHN A HOVANESIAN MD VICE PRESIDENT/BD 2
Officer Director
$0 $0 $0
KHODAM ROSTOMIAN MD BOARD MEMBER 2
Director
$0 $0 $0
TOM LEE MD BOARD MEMBER 2
Director
$0 $0 $0
MICHAEL SAHAKIAN BOARD MEMBER 2
Director
$0 $0 $0
GLORIA SEFTON BOARD MEMBER 2
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 $4,535,414 $2,840,676 $5,086,287 $1,694,738
2023 $1,905,387 $2,282,436 $3,180,227 $-377,049
2022 $1,726,364 $2,693,389 $3,551,133 $-967,025
2021 $2,577,746 $1,931,656 $4,533,308 $646,090
2020 $2,533,687 $1,185,886 $3,878,218 $1,347,801
2019 $1,205,499 $1,735,057 $2,534,485 $-529,558
2018 $2,022,098 $2,280,315 $3,107,313 $-258,217
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