ARMENIA HEARING AID PROJECT

EIN: 820825054 501(c)(3) Health Care

GLENDALE, CA

Total Revenue
$67,450
Total Expenses
$106,693
Total Assets
$8,536
Net Assets
$8,536
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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
2017
Legal Domicile
CA
Tax Period
2022-01-01 to 2022-12-31

ARMENIA HEARING AID PROJECT, founded in 2017, is a micro nonprofit in the Health Care sector that reported $67K in total revenue in fiscal year 2022. Expenses of $107K exceeded revenue, resulting in a 58% operating deficit.

Mission

PROVIDE HEARING AIDS AND EDUCATION

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $67,450
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $67,450

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $106,693
Other Expenses $106,693
TOTAL EXPENSES $106,693

Year-over-Year Comparison

2022 2021 Change
Revenue $67,450 $63,242 +0.1%
Expenses $106,693 $88,330 +0.2%
Net Income $-39,243 $-25,088 +0.6%
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

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Governance

Voting Members
5
Independent Members
5
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
3
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TANI AUSTIN MEMBER 0.00
Director
$0 $0 $0
NORA YACOUBIAN TREASURER 0.00
Officer
$0 $0 $0
ARMEN KAVOUKJIAN PRESIDENT 5.00
Officer
$0 $0 $0
HAIKOUHI KAVOUKJIAN VICE PRESIDENT 10.00
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 $67,450 $106,693 $8,536 $-39,243
2021 $63,242 $88,330 $47,779 $-25,088
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