HOLY TRINITY ARMENIAN APOSTOLIC CHURCH OF GREATER BOSTON TRUST FUND (EIN 510188147) - 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

1975

Legal Domicile

Principal Officer

JAMES KALUSTIAN

Phone

6173540632

Tax Period

2022-01-01 to 2022-12-31

HOLY TRINITY ARMENIAN APOSTOLIC CHURCH OF GREATER BOSTON TRUST FUND, founded in 1975, is a small nonprofit that reported $465K in total revenue in fiscal year 2022. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $547K exceeded revenue, resulting in a 18% operating deficit.

Mission

TO SUPPORT OPERATIONS OF HOLY TRINITY ARMENIAN APOSTOLIC CHURCH OF GREATER BOSTON.

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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 $165,100

Program Service Revenue $0

Investment Income $299,445

Other Revenue $0

TOTAL REVENUE $464,545

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $487,863

Other Expenses $546,559

TOTAL EXPENSES $546,559

Year-over-Year Comparison

	2022	2021	Change
Revenue	$464,545	$835,094	-0.4%
Expenses	$546,559	$361,994	+0.5%
Net Income	$-82,014	$473,100	-1.2%

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
REV FATHER VASKEN A KOUZOUIAN	TRUSTEE - PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMES KALUSTIAN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ARAM HINTLIAN	TREASURER	1.00	Officer Director	$0	$0	$0
JAY HACHIGIAN	TRUSTEE	1.00	Director	$0	$0	$0
BRUCE NEWELL	TRUSTEE	1.00	Director	$0	$0	$0
GREG KOLLIGIAN	TRUSTEE	1.00	Director	$0	$0	$0
HAIG INGUILIZIAN	TRUSTEE	1.00	Director	$0	$0	$0
VALERIE KOLLIGIAN THAYER	TRUSTEE	1.00	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
2022	$464,545	$546,559	$9,606,394	$-82,014
2021	$835,094	$361,994	$11,360,322	$473,100
2020	$1,223,712	$288,252	$9,541,508	$935,460
2019	$932,713	$266,984	$8,004,056	$665,729
2018	$406,666	$342,392	$6,419,356	$64,274

HOLY TRINITY ARMENIAN APOSTOLIC CHURCH OF GREATER BOSTON TRUST FUND