My Step Foundation Inc

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

Principal Officer

Araksi Simidyan

Phone

8186488197

Tax Period

2021-01-01 to 2021-12-31

My Step Foundation Inc, founded in 2019, is a small nonprofit in the International Affairs sector that reported $301K in total revenue in fiscal year 2021. Revenue fell 87% from the prior year — a significant decline worth monitoring.

Mission

To focus on the Armenian community of Los Angeles, to support the mission of the Organization of creating a healthy and inclusive society in the Republic of Armenia and cultivate relationships in the community.

Program Service Accomplishments

Program 1

Expenses: $300,000

Projects targeted at the sustainable development of Armenia, including poverty reduction, development of community life through the revival of cultural centers, promoting healthy lifestyle in public schools, changing consumer behavior related to plastic use and creating sustainability models for the development of classical music.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $300,000

Program Service Revenue $0

Investment Income $844

Other Revenue $0

TOTAL REVENUE $300,844

Expense Breakdown

Grants Paid $300,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $300,000

Other Expenses $9,928

TOTAL EXPENSES $309,928

Year-over-Year Comparison

	2021	2020	Change
Revenue	$300,844	$2,299,748	-0.9%
Expenses	$309,928	$3,889,720	-0.9%
Net Income	$-9,084	$-1,589,972	-1.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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
LILIT GRIGORYAN	Director	2.00	Director	$0	$0	$0
Margrit Shahnazarian	Secretary	2.00	Officer Director	$0	$0	$0
Araksi Simidyan	Treasurer/CFO	2.00	Officer Director	$0	$0	$0
Peter Hosharian	Vice President	2.00	Officer Director	$0	$0	$0
Milena Melkonyan	Director	2.00	Director	$0	$0	$0
Aneta Badalian	Director	2.00	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
2021	$300,844	$309,928	$119,737	$-9,084
2020	$2,299,748	$3,889,720	$128,821	$-1,589,972
2019	$4,168,968	$2,450,175	$1,718,793	$1,718,793