FRIENDS OF FAST (EIN 874632702) - 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

2022

Legal Domicile

Principal Officer

SYUZANNA SHAMAKHYAN

Phone

3106201687

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF FAST, founded in 2022, is a community nonprofit in the Science & Technology sector that reported $2.3M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $2.1M left a modest 7% surplus.

Mission

THE PRIMARY EXEMPT PURPOSE OF FRIENDS OF FAST IS TO FOSTER SCIENTIFIC ADVANCEMENT IN ARMENIA AND BEYOND, AND TO CONTRIBUTE TO ARMENIA'S REALIZATION OF A DYNAMIC FUTURE IN SCIENCE AND TECHNOLOGY.

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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 $2,432,439

Program Service Revenue $0

Investment Income $315

Other Revenue $-147,584

TOTAL REVENUE $2,285,170

Expense Breakdown

Grants Paid $2,058,850

Salaries & Benefits $0

Fundraising Expenses $28,732

Program Expenses $2,082,425

Other Expenses $71,254

TOTAL EXPENSES $2,130,104

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,285,170	$1,810,122	+0.3%
Expenses	$2,130,104	$1,757,454	+0.2%
Net Income	$155,066	$52,668	+1.9%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
SYUZANNA SHAMAKHYAN	DIRECTOR & CEO	1.50	Officer Director	$0	$0	$0
ARMEN MARTIROSYAN	DIR/TR/SEC	1.00	Officer Director	$0	$0	$0
GARABED ANTRANIKIAN	DIRECTOR	0.50	Director	$0	$0	$0
AVAK KAHVEJIAN	DIRECTOR	0.50	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	$2,285,170	$2,130,104	$212,658	$155,066
2024	No data	No data	No data	No data
2023	$1,810,122	$1,757,454	$59,464	$52,668

FRIENDS OF FAST