ARMENIAN CULTURAL ASSOCIATION OF NEW YORK INC (EIN 834123496) - 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

2019

Legal Domicile

Principal Officer

VALOT ATAKHANIAN

Phone

3473660096

Tax Period

2023-01-01 to 2023-12-31

ARMENIAN CULTURAL ASSOCIATION OF NEW YORK INC, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $221K in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $158K, a strong 72% operating margin.

Mission

OPERATED EXCLUSIVELY FOR THE PRESERVATION OF THE ARMENIAN CULTURAL AND HISTORICAL HERITAGE.

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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 $2,900

Program Service Revenue $0

Investment Income $218,518

Other Revenue $0

TOTAL REVENUE $221,418

Expense Breakdown

Grants Paid $39,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $39,500

Other Expenses $23,492

TOTAL EXPENSES $62,992

Year-over-Year Comparison

	2023	2022	Change
Revenue	$221,418	$354,899	-0.4%
Expenses	$62,992	$89,528	-0.3%
Net Income	$158,426	$265,371	-0.4%

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
VALOT ATAKHANIAN	CHAIR	1.00	Officer Director	$0	$0	$0
JOHN MKRTSCHJAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RAZMIG HAROUN	TREASURER	1.00	Officer Director	$0	$0	$0
ARMEN CAPRIELIAN	SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT SETRAKIAN	DIRECTOR	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
2023	$221,418	$62,992	$10,675,064	$158,426
2022	$354,899	$89,528	$8,377,222	$265,371
2021	$385,257	$43,286	$9,987,121	$341,971
2020	No data	No data	$9,284,695	No data

ARMENIAN CULTURAL ASSOCIATION OF NEW YORK INC