ARMENIAN HOME OF NEW YORK INC (EIN 830666955) - 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

2018

Legal Domicile

Principal Officer

NEIRI AMIRIAN

Phone

9175795857

Tax Period

2023-01-01 to 2023-12-31

ARMENIAN HOME OF NEW YORK INC, founded in 2018, is a small nonprofit in the Health Care sector that reported $448K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $323K, a strong 72% operating margin.

Mission

THE ORGANIZATION HAS BEEN CREATED AND WILL BE OPERATED EXCLUSIVELY FOR THE CHARITABLE PURPOSES OF GIVING AID AND ASSISTANCE, DIRECTLY AND INDIRECTLY, TO ALL PERSONS WHO ARE DESTITUTE, NEGLECTED OR OTHERWISE IN NEED OF HELP, SUPPORT AND ASSISTANCE, MORE PARTICULARLY, ELDERLY FOLK OF ARMENIAN NATIONALITY, WHO ARE IN NEED, WITHOUT REGARD TO THEIR POLITICAL AND RELIGIOUS AFFILIATIONS AND BELIEFS.

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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 $53,664

Program Service Revenue $0

Investment Income $394,367

Other Revenue $0

TOTAL REVENUE $448,031

Expense Breakdown

Grants Paid $55,905

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $55,905

Other Expenses $69,030

TOTAL EXPENSES $124,935

Year-over-Year Comparison

	2023	2022	Change
Revenue	$448,031	$490,488	-0.1%
Expenses	$124,935	$810,137	-0.8%
Net Income	$323,096	$-319,649	-2.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEIRI AMIRIAN	CHAIRPERSON	2.00	Director	$0	$0	$0
CRAIG KALLEM	VICE CHAIRMAN	1.00	Director	$0	$0	$0
ALICE MOVSESIAN	TREASURER	1.00	Director	$0	$0	$0
AROUSIAG MARKARIAN	SECRETARY	1.00	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	No data	No data	No data	No data
2023	$448,031	$124,935	$13,828,231	$323,096
2022	$490,488	$810,137	$13,001,483	$-319,649
2021	$14,067,379	$2,138	$14,036,214	$14,065,241

ARMENIAN HOME OF NEW YORK INC