AVEDISIAN 575 FOUNDATION INC C/O S… - Form 990 Financial Data

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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

PAMELA AVEDISIAN

Phone

7818997866

Tax Period

2023-01-01 to 2023-12-31

AVEDISIAN 575 FOUNDATION INC C/O SONYA NERSESSIAN ESQ, founded in 2020, is a small nonprofit in the Education sector that reported $331K in total revenue in fiscal year 2023. Revenue surged 5232% from the prior year, signaling strong growth momentum. Expenses of $1.2M exceeded revenue, resulting in a 265% operating deficit.

Mission

THE ENTITY SUPPORTS EDUCATIONAL AND RELIGIOUS PROGRAMS AT RECOGNIZED SECTION 501(C)(3) EXEMPT ENTITIES.

Program Service Accomplishments

Program 1

Expenses: $1,195,000

DURING THE CALENDAR YEAR SUPPORT WAS PROVIDED TO OTHER SECTION 501(C)(3) EDUCATIONAL AND RELIGIOUS CHARITABLE ENTITIES.

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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 $25,000

Program Service Revenue $0

Investment Income $306,200

Other Revenue $0

TOTAL REVENUE $331,200

Expense Breakdown

Grants Paid $1,195,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,195,000

Other Expenses $12,510

TOTAL EXPENSES $1,207,510

Year-over-Year Comparison

	2023	2022	Change
Revenue	$331,200	$6,211	+52.3%
Expenses	$1,207,510	$76,450	+14.8%
Net Income	$-876,310	$-70,239	+11.5%

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
PAMELA AVEDISIAN	PRESIDENT/TREASURER	2.00	Officer Director	$0	$0	$0
ZVART ONANIAN	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE ONANIAN	CLERK/DIRECTOR	1.00	Director	$0	$0	$0
CRAIG AVEDISIAN	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN JERIAN	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
2024	No data	No data	No data	No data
2023	$331,200	$1,207,510	$32,171	$-876,310
2022	$6,211	$76,450	$766,447	$-70,239
2021	$1,003,660	$29,950	$1,373,701	$973,710

AVEDISIAN 575 FOUNDATION INC C/O SONYA NERSESSIAN ESQ