Artsakh Arts & Cultural Foundation

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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

2021

Legal Domicile

Principal Officer

ARTHUR CHALEKIAN

Phone

8186318161

Tax Period

2023-01-01 to 2023-12-31

Artsakh Arts & Cultural Foundation, founded in 2021, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $51K in total revenue in fiscal year 2023. Expenses of $61K exceeded revenue, resulting in a 19% operating deficit.

Mission

Advance, preserve and promote Armenian culture and heritage through the arts and education.

Program Service Accomplishments

Program 1

Expenses: $57,049

Producing films as an educational tool while we bring awareness about Artsakh. New film in 2023 Project Revival.

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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 $38,722

Program Service Revenue $12,292

Investment Income $0

Other Revenue $0

TOTAL REVENUE $51,014

Expense Breakdown

Grants Paid $43,049

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $57,049

Other Expenses $17,761

TOTAL EXPENSES $60,810

Year-over-Year Comparison

	2023	2022	Change
Revenue	$51,014	N/A	N/A
Expenses	$60,810	N/A	N/A
Net Income	$-9,796	N/A	N/A

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
GARO MADENLIAN	CEO DIRECTOR	20.00	Officer Director	$0	$0	$0
ADRINEH MIRZAYAN	SECRETARY DIRECTOR	20.00	Officer Director	$0	$0	$0
ARTHUR CHALEKIAN	CFO DIRECTOR	20.00	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
2023	$51,014	$60,810	$35,169	$-9,796
2022	$51,592	$56,722	$44,965	$-5,130
2021	$134,054	$85,540	$50,095	$48,514