Advance Armenia 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

2019

Legal Domicile

Phone

5594338245

Tax Period

2025-01-01 to 2025-12-31

Advance Armenia Foundation, founded in 2019, is a small nonprofit in the International Affairs sector that reported $870K in total revenue in fiscal year 2025. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

Volunteer-led medical and technological mission to areas of Armenia under-served and promote economic and cultural ties between United States and Armenia

Program Service Accomplishments

Program 1

Expenses: $938,155

TO PROVIDE MEDICAL ASSISTANCE TO RESIDENTS OF ARMENIA, CREATE ECONOMIC OPPORTUNITIES AND STRENGTH TIES WITH UNITED STATES AND ARMENIA, TO PROVIDE TECHNOLOGY TO ARMENIA AND SUPPORT ARMENIAN CULTURE

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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 (2025)

Revenue Breakdown

Contributions & Grants $843,855

Program Service Revenue $0

Investment Income $25,899

Other Revenue $0

TOTAL REVENUE $869,754

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $938,155

Other Expenses $943,741

TOTAL EXPENSES $943,741

Year-over-Year Comparison

	2025	2024	Change
Revenue	$869,754	$766,197	+0.1%
Expenses	$943,741	$1,140,257	-0.2%
Net Income	$-73,987	$-374,060	-0.8%

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

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
Berj Apkarian	President	7.00	Director	$0	$0	$0
Barbara Mortanian	Secretary	2.00	Director	$0	$0	$0
Nadia Haitayan	Treasurer	0.00	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
2025	$869,754	$943,741	$1,230,436	$-73,987
2024	$766,197	$1,140,257	$1,304,423	$-374,060
2023	$2,515,078	$1,193,019	$1,678,483	$1,322,059
2022	$303,427	$264,411	$356,424	$39,016
2021	$354,184	$212,077	$317,408	$142,107
2020	$272,669	$99,209	$175,301	$173,460