WHITE FLAG FOUNDATION

EIN: 854226073 501(c)(3) Housing & Shelter

GLENDALE, CA

Total Revenue
$20,000
Total Expenses
$24,261
Total Assets
$381,339
Net Assets
$381,339
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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
CA
Principal Officer
GAYANE PETROSYAN
Phone
3233948000
Tax Period
2023-01-01 to 2023-12-31

WHITE FLAG FOUNDATION, founded in 2020, is a micro nonprofit in the Housing & Shelter sector that reported $20K in total revenue in fiscal year 2023. Expenses of $24K exceeded revenue, resulting in a 21% operating deficit.

Mission

PRESENTLY WHITE FLAG FOUNDATION IS IN THE REAR ESTATE INVESTMENTS

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $20,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $20,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $19,911
Fundraising Expenses $0
Other Expenses $4,350
TOTAL EXPENSES $24,261

Year-over-Year Comparison

2023 2022 Change
Revenue $20,000 N/A N/A
Expenses $24,261 N/A N/A
Net Income $-4,261 N/A N/A
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

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Governance

Voting Members
2
Independent Members
2
Employees
2
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
2
$0
Total Directors
2
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELIZA CHOBANYAN DIRECTOR 040.00
Officer Director Key Emp
$0 $0 $0
GAYANE PETROSYAN DIRECTOR 040.00
Officer 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 $20,000 $24,261 $381,339 $-4,261
2022 No data $29,115 $356,485 No data
2021 $390,600 $5,000 $385,600 $385,600
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