HAYK FOR OUR HEROES (EIN 874685563) - 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

TAVIT OHANIAN

Phone

8184297463

Tax Period

2024-01-01 to 2024-12-31

HAYK FOR OUR HEROES, founded in 2022, is a small nonprofit in the Public & Societal Benefit sector that reported $142K in total revenue in fiscal year 2024. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $307K exceeded revenue, resulting in a 115% operating deficit.

Mission

STRENGTHENING THE ARMENIAN DIASPORA AND PROVIDING RESOURCES, FUNDAMENTAL FOR HUMANITARIAN AND DEVELOPMENTAL PROJECTS IN ARTSAKH AND ARMENIA. AND COLLABORATING WITH NON-PROFITS FOR THE BETTERMENT OF THE ARMENIAN COMMUNITY WORLD-WIDE.

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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 $142,492

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $142,492

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $76,309

Program Expenses $207,725

Other Expenses $306,667

TOTAL EXPENSES $306,667

Year-over-Year Comparison

	2024	2023	Change
Revenue	$142,492	$381,309	-0.6%
Expenses	$306,667	$224,445	+0.4%
Net Income	$-164,175	$156,864	-2.0%

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
TAVIT OHANIAN	PRESIDENT	1.00	Director	$0	$0	$0
ARMAN AMIRKHANIAN	VICE PRESIDENT	1.00	Director	$0	$0	$0
LINDA OHANIAN	SECRETARY	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	$142,492	$306,667	$17,771	$-164,175
2023	$381,309	$224,445	$181,946	$156,864

HAYK FOR OUR HEROES