KNIGHTS OF VARTAN CHARITIES INC A CA NON-PROFIT PUBLIC BENEFIT CORP (EIN 852853738) - 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

2020

Legal Domicile

Principal Officer

James Surmeian

Phone

7143372685

Tax Period

2024-06-01 to 2025-05-31

KNIGHTS OF VARTAN CHARITIES INC A CA NON-PROFIT PUBLIC BENEFIT CORP, founded in 2020, is a small nonprofit in the Education sector that reported $373K in total revenue in fiscal year 2024. Revenue fell 40% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $275K, a strong 74% operating margin.

Mission

Engage in any lawful charity

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $267,913

Investment Income $104,854

Other Revenue $0

TOTAL REVENUE $372,767

Expense Breakdown

Grants Paid $87,143

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $96,735

Other Expenses $10,903

TOTAL EXPENSES $98,046

Year-over-Year Comparison

	2024	2023	Change
Revenue	$372,767	$620,022	-0.4%
Expenses	$98,046	$226,317	-0.6%
Net Income	$274,721	$393,705	-0.3%

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

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	Role	Reportable Comp	Other Comp	Total
Steve Adams	President	Officer Director	$0	$0	$0
James Surmeian	Treasurer	Officer Director	$0	$0	$0
Chris G Yaldezian	Secretary	Officer Director	$0	$0	$0
Nelson Stepanian	Director	Director	$0	$0	$0
Hunan Arshakian	Director	Director	$0	$0	$0
Steve Kradjian	Director	Director	$0	$0	$0
Ron Nazely	Director	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	$372,767	$98,046	$1,074,747	$274,721
2024	$620,022	$226,317	$800,026	$393,705
2023	$440,525	$81,396	$406,321	$359,129
2022	$47,074	No data	$47,193	No data
2021	$100,669	$100,550	$119	$119

KNIGHTS OF VARTAN CHARITIES INC A CA NON-PROFIT PUBLIC BENEFIT CORP