ARMENIAN RESEARCH FOUNDATION (EIN 521062099) - 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

1977

Legal Domicile

Phone

3232195012

Tax Period

2023-01-01 to 2023-12-31

ARMENIAN RESEARCH FOUNDATION, founded in 1977, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $55K in total revenue in fiscal year 2023. Revenue surged 75% from the prior year, signaling strong growth momentum. Expenses of $64K exceeded revenue, resulting in a 16% operating deficit.

Mission

ENCOURAGE AND SUPPORT ARMENIAN SCHOOLS, AND PROMOTE ARMENIAN CULTURAL ACTIVITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $55,117

Other Revenue $0

TOTAL REVENUE $55,117

Expense Breakdown

Grants Paid $60,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $60,000

Other Expenses $3,997

TOTAL EXPENSES $63,997

Year-over-Year Comparison

	2023	2022	Change
Revenue	$55,117	$31,477	+0.8%
Expenses	$63,997	$75,010	-0.1%
Net Income	$-8,880	$-43,533	-0.8%

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
ROD SHAHINIAN	TREASURER/ V.P.	0.50	Officer Director	$0	$0	$0
GARBIS TITIZIAN	Chairman	0.50	Officer Director	$0	$0	$0
GARO AGOPIAN	Secretary	0.50	Officer Director	$0	$0	$0
BEDIG KAZANDJIAN	ADVISOR	0.00	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	No data	No data	No data	No data
2023	$55,117	$63,997	$2,114,829	$-8,880
2022	$31,477	$75,010	$2,023,184	$-43,533
2021	$74,773	$119,319	$2,081,140	$-44,546
2020	$59,350	$25,230	$1,907,266	$34,120
2019	$60,583	$281,394	$1,433,954	$-220,811
2018	$201,786	$137,449	$1,654,765	$64,337

ARMENIAN RESEARCH FOUNDATION