WHITE FLAG 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

2020

Legal Domicile

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

MISSION IS TO PROVIDE AFORDABLE GROUP HOUSING FOR ELDERLY INDIVIDUALS AT THE LOWEST FEASABLE COST TO IMPROVE THE QUALITY OF LIFE FOR SENIORS WITH IN THE GREATER LOS ANGELES COUNTY

Program Service Accomplishments

Program 1

INVEST IN RESIDENTIAL CARE FACILITIES FOR ELDERLIES

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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 $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

Governance

Voting Members

Independent Members

Employees

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
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