HAIGAZIAN UNIVERSITY SUPPORT FUND … - Form 990 Financial Data

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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

2015

Legal Domicile

Principal Officer

HASMIG BARAN

Phone

2012652607

Tax Period

2024-01-01 to 2024-12-31

HAIGAZIAN UNIVERSITY SUPPORT FUND INC, founded in 2015, is a small nonprofit in the Education sector that reported $142K 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 $54K, a strong 38% operating margin.

Mission

THE ORGANIZATION PROVIDES UNITED STATES BASED FUNDRAISING AND FINANCIAL SUPPORT FOR THE USE AND BENEFIT OF ITS SUPPORTED ORGANIZATION, HAIGAZIAN UNIVERSITY, INC., PRIMARILY THROUGH FUNDRAISING TARGETED TO ALUMNI, FRIENDS AND SUPPORTERS OF HAIGAZIAN UNIVERSITY, INC., AND OTHER MEMBERS OF THE GENERAL PUBLIC.

Program Service Accomplishments

Program 1

Expenses: $83,978

TO PROVIDE FINANCIAL SUPPORT FOR ITS SUPPORTED ORGANIZATION

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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 $141,674

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $141,674

Expense Breakdown

Grants Paid $83,978

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $83,978

Other Expenses $3,493

TOTAL EXPENSES $87,471

Year-over-Year Comparison

	2024	2023	Change
Revenue	$141,674	$306,828	-0.5%
Expenses	$87,471	$426,177	-0.8%
Net Income	$54,203	$-119,349	-1.5%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
HASMIG BARAN EDD	PRESIDENT & DIRECTOR	1.0	Officer Director	$0	$0	$0
ROBERT KURKJIAN	TREASURER & DIRECTOR	0.5	Director	$0	$0	$0
JOYCE STEIN	DIRECTOR	0.5	Director	$0	$0	$0
SERGE BUCHAKJIAN	DIRECTOR	0.5	Director	$0	$0	$0
VAHRAM SHEMMASSIAN MD	SECRETARY & DIRECTOR	0.5	Director	$0	$0	$0
ANI DARAKJIAN MD	DIRECTOR	0.5	Director	$0	$0	$0
ZAVEN KHANJIAN	DIRECTOR	0.5	Director	$0	$0	$0
NAZARETH DARAKJIAN MD	DIRECTOR	0.5	Director	$0	$0	$0
HRAG MARGANIAN MD	DIRECTOR	0.5	Director	$0	$0	$0
CHRISTINA SEGEL	DIRECTOR	0.5	Director	$0	$0	$0
KEVIN MATOSSIAN	DIRECTOR	0.5	Director	$0	$0	$0
MICHAEL LANDES	DIRECTOR	0.5	Director	$0	$0	$0
VICKEN AHARONIAN	DIRECTOR	0.5	Director	$0	$0	$0
GARY PHILLIPS	DIRECTOR	0.5	Director	$0	$0	$0
MARY PAPAZIAN PHD	DIRECTOR	0.5	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	$141,674	$87,471	$241,678	$54,203
2023	$306,828	$426,177	$187,475	$-119,349
2022	$387,862	$336,314	$306,824	$51,548
2020	$405,390	$269,006	$183,570	$136,384

HAIGAZIAN UNIVERSITY SUPPORT FUND INC