Artsakh Arts & Cultural Foundation

EIN: 821391892 501(c)(3) Arts, Culture & Humanities

Glendale, CA

Total Revenue
$51,014
Total Expenses
$60,810
Total Assets
$35,169
Net Assets
$35,169
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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
CA
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

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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 (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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
3
$0
Key Employees
0
$0
Highest Compensated
0
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
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