ARMENIA ARTSAKH FUND INC C/O HARUT SASSOUNIAN (EIN 475298962) - 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

2015

Legal Domicile

Principal Officer

HARUT SASSOUNIAN

Phone

8182418900

Tax Period

2022-01-01 to 2022-12-31

ARMENIA ARTSAKH FUND INC C/O HARUT SASSOUNIAN, founded in 2015, is a micro nonprofit in the International Affairs sector that reported $48K in total revenue in fiscal year 2022. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $43K left a modest 11% surplus.

Mission

TO BRING AID TO INDIGENT PERSONS RESIDING IN ARMENIA

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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 (2022)

Revenue Breakdown

Contributions & Grants $47,936

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $47,936

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,967

Fundraising Expenses $0

Program Expenses $42,250

Other Expenses $35,783

TOTAL EXPENSES $42,750

Year-over-Year Comparison

	2022	2021	Change
Revenue	$47,936	$174,669	-0.7%
Expenses	$42,750	$191,039	-0.8%
Net Income	$5,186	$-16,370	-1.3%

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

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
RICHARD DEKMEJIAN	BOARD	1.00	Director	$0	$0	$0
ERIC KAZANGIAN	BOARD MEMBER	1.00	Director	$0	$0	$0
HARUT SASSOUNIAN	PRESIDENT	40.00	Officer Director	$0	$0	$0
ARAM SASSOUNIAN	BOARD MEMBER	1.00	Director	$0	$0	$0
NOURITZA ABUJAMRA	SECRETARY	40.00	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
2022	$47,936	$42,750	$24,499	$5,186
2021	$174,669	$191,039	$19,924	$-16,370
2021	$33,562,642	$33,579,012	$19,924	$-16,370
2020	$21,757,929	$21,754,601	$50,067	$3,328
2019	$71,593,426	$71,567,400	$39,216	$26,026
2018	$43,993,721	$44,058,020	$38,411	$-64,299

ARMENIA ARTSAKH FUND INC C/O HARUT SASSOUNIAN