FRIENDS OF TEACH FOR ARMENIA INCORPORATED (EIN 472833171) - 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

2013

Legal Domicile

Principal Officer

LARISA HOVANNISIAN

Phone

3109889824

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF TEACH FOR ARMENIA INCORPORATED, founded in 2013, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $216K, a strong 15% operating margin.

Mission

AIMS TO RAISE FUNDS TO IMPROVE EDUCATIONAL OUTCOMES FOR STUDENTS IN UNDERSERVED COMMUNITIES.

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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 $1,435,415

Program Service Revenue $0

Investment Income $0

Other Revenue $-12,608

TOTAL REVENUE $1,422,807

Expense Breakdown

Grants Paid $863,550

Salaries & Benefits $0

Fundraising Expenses $3,903

Program Expenses $1,166,576

Other Expenses $342,780

TOTAL EXPENSES $1,206,330

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,422,807	$958,493	+0.5%
Expenses	$1,206,330	$727,920	+0.7%
Net Income	$216,477	$230,573	-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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARISA HOVANNISIAN	CHAIR/PRESIDENT	5.00	Officer Director	$0	$0	$0
ANDY TOROSYAN	CFO	5.00	Officer Director	$0	$0	$0
SUREN SEROPIAN	SECRETARY	5.00	Officer Director	$0	$0	$0
SYLVA SIMONIAN	DIRECTOR	5.00	Director	$0	$0	$0
CAROL ASLANIAN	DIRECTOR	5.00	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	$1,422,807	$1,206,330	$1,262,464	$216,477
2023	$958,493	$727,920	$1,580,312	$230,573
2022	$560,929	$266,522	$808,351	$294,407
2021	$597,683	$711,479	$513,944	$-113,796
2020	$320,294	$191,178	$467,657	$129,116
2019	$202,381	$49,064	$338,541	$153,317

FRIENDS OF TEACH FOR ARMENIA INCORPORATED