CREATIVE ARMENIA (EIN 812439399) - 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

2016

Legal Domicile

Principal Officer

GARIN HOVANNISIAN

Phone

3109331034

Tax Period

2024-01-01 to 2024-12-31

CREATIVE ARMENIA, founded in 2016, is a micro nonprofit in the International Affairs sector that reported $82K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $134K exceeded revenue, resulting in a 63% operating deficit.

Mission

DISCOVER, DEVELOP, AND PROMOTE CREATIVE TALENT ACROSS THE ARTS.

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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 $82,461

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $82,461

Expense Breakdown

Grants Paid $33,000

Salaries & Benefits $52,591

Fundraising Expenses $90

Program Expenses $113,414

Other Expenses $48,564

TOTAL EXPENSES $134,155

Year-over-Year Comparison

	2024	2023	Change
Revenue	$82,461	$66,681	+0.2%
Expenses	$134,155	$272,308	-0.5%
Net Income	$-51,694	$-205,627	-0.7%

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

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

$48,750

Total Directors

$48,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARIN HOVANNISIAN	PRESIDENT	40.00	Officer Director	$48,750	$0	$48,750
MARK STEFANOS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
HAKOP BARSEGHIAN	CFO/SECRETARY	1.00	Officer 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	$82,461	$134,155	$49,343	$-51,694
2023	$66,681	$272,308	$103,564	$-205,627
2022	$211,626	$259,312	$309,256	$-47,686
2021	$720,785	$694,009	$356,973	$26,776
2020	$252,905	$249,096	$330,317	$3,809
2019	$549,068	$512,691	$326,521	$36,377
2018	$467,284	$248,595	$290,159	$218,689

CREATIVE ARMENIA