ARMENIAN ASSEMBLY OF AMERICA INC (EIN 521614093) - 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

1989

Legal Domicile

Principal Officer

BRYAN ARDOUNY

Phone

2023933434

Tax Period

2023-01-01 to 2023-12-31

ARMENIAN ASSEMBLY OF AMERICA INC, founded in 1989, is a community nonprofit in the International Affairs sector that reported $5.1M in total revenue in fiscal year 2023. Revenue surged 51% from the prior year, signaling strong growth momentum. Expenses of $4.7M left a modest 7% surplus.

Mission

THROUGH NON-PARTISAN ADVOCACY, RESEARCH AND EDUCATION PROMOTES PUBLIC UNDERSTANDING AND GREATER AWARENESS OF ARMENIAN-AMERICAN ISSUES.

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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 $4,367,335

Program Service Revenue $65,197

Investment Income $670,464

Other Revenue $-27,531

TOTAL REVENUE $5,075,465

Expense Breakdown

Grants Paid $350,169

Salaries & Benefits $2,483,241

Fundraising Expenses $83,928

Program Expenses $4,408,598

Other Expenses $1,896,512

TOTAL EXPENSES $4,729,922

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,075,465	$3,364,361	+0.5%
Expenses	$4,729,922	$4,087,779	+0.2%
Net Income	$345,543	$-723,418	-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

Employees

Volunteers

100

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

$395,437

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLYN MUGAR	PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT KALOOSDIAN	COUNSELOR EMERITUS DECEASED 5-12-24	1.00	Officer Director	$0	$0	$0
ANTHONY BARSAMIAN	CO-CHAIR	10.00	Officer Director	$0	$0	$0
VAN KIRKORIAN	CO-CHAIR	10.00	Officer Director	$0	$0	$0
OSCAR TATOSIAN	TREASURER	1.00	Officer Director	$0	$0	$0
BIANKA KADIAN-DODOV	SECRETARY & ASST TREASURER	1.00	Officer Director	$0	$0	$0
LISA KALUSTIAN	ASSISTANT SECRETARY	1.00	Officer Director	$0	$0	$0
VALINA AGBABIAN	MEMBER	1.00	Director	$0	$0	$0
ARAM GAVOOR	MEMBER	1.00	Director	$0	$0	$0
ALEX KARAPETIAN	MEMBER	1.00	Director	$0	$0	$0
PETER MIRIJANIAN	MEMBER	1.00	Director	$0	$0	$0
LU ANN OHANIAN	MEMBER	1.00	Director	$0	$0	$0
DAVID ONANIAN	MEMBER	1.00	Director	$0	$0	$0
HERMAN PURUTYAN	MEMBER	1.00	Director	$0	$0	$0
ANI YERAMYAN SPEIRS	MEMBER	1.00	Director	$0	$0	$0
JOYCE STEIN	MEMBER EMERITUS EFFECTIVE 1-8-22	1.00	Director	$0	$0	$0
ANNIE TOTAH	MEMBER	1.00	Director	$0	$0	$0
TALIN YACOUBIAN	MEMBER	1.00	Director	$0	$0	$0
BRYAN ARDOUNY	EXECUTIVE DIRECTOR	65.00	Officer	$201,831	$25,449	$227,280
MARY ELLEN GORDON	DIR OF FINANCE & ADMIN	40.00	Officer	$152,169	$15,988	$168,157
ROUBEN ADALIAN	EXECUTIVE DIRECTOR - ANI	10.00	Highest	$130,250	$31,693	$161,943
JEANMARIE PAPELIAN	EXECUTIVE DIRECTOR - ATP	40.00	Highest	$124,800	$5,647	$130,447
MARIAM KHALOYAN	CONGRESSIONAL RELATIONS DIRECTOR	40.00	Highest	$106,229	$8,651	$114,880

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	$5,075,465	$4,729,922	$16,808,228	$345,543
2022	$3,364,361	$4,087,779	$15,014,914	$-723,418
2021	$3,340,023	$3,271,301	$16,722,967	$68,722
2020	$5,328,433	$4,422,836	$15,835,978	$905,597
2019	$3,773,032	$3,818,685	$13,958,382	$-45,653
2018	$2,546,204	$3,861,554	$13,766,553	$-1,315,350

ARMENIAN ASSEMBLY OF AMERICA INC