HOMENETMEN GLENDALE ARARAT

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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

ROOBINA ARSHAKIAN

Phone

3232562564

Tax Period

2023-12-01 to 2024-11-30

HOMENETMEN GLENDALE ARARAT, founded in 2022, is a community nonprofit in the Youth Development sector that reported $3.8M in total revenue in fiscal year 2023. Revenue surged 66% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 30% operating margin.

Mission

TO PROMOTE A HEALTHY AND SAFE ENVIRONMENT WHERE EACH MEMBER WILL HAVE THE OPPORTUNITY TO ACHIEVE HIS OR HER GOAL IN ATHLETIC, SCOUTING AND CULTURAL ARENAS.

Program Service Accomplishments

Program 1

Expenses: $1,340,332

TO PROMOTE A HEALTHY AND SAFE ENVIRONMENT WHERE EACH MEMBER WILL HAVE THE OPPORTUNITY TO ACHIEVE HIS OR HER GOAL IN ATHLETIC, SCOUTING AND CULTURAL ARENAS. EVENTS INCLUDE ANNUAL GLENDALE FRIENDSHIP GAMES, NAVASARTIAN GAMES, SUMMER DAY CAMP, TENNIS TOURNAMENTS, PING PONG TOURNAMENTS, ELEVATE TALKS EDUCATIONAL SEMINAR, AS WELL AS OTHER YEAR-ROUND PROGRAMS.

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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 $1,568,006

Program Service Revenue $1,784,789

Investment Income $89,615

Other Revenue $314,301

TOTAL REVENUE $3,756,711

Expense Breakdown

Grants Paid $0

Salaries & Benefits $604,657

Fundraising Expenses $79,563

Program Expenses $1,340,332

Other Expenses $2,030,406

TOTAL EXPENSES $2,635,063

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,756,711	$2,259,894	+0.7%
Expenses	$2,635,063	$2,217,675	+0.2%
Net Income	$1,121,648	$42,219	+25.6%

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

480

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
HELGA KIAIAN	Treasurer	10.00	Officer Director	$0	$0	$0
GAREN MOGHOYAN	Director	7.00	Director	$0	$0	$0
VAZRIK TARVERDI	Director	7.00	Director	$0	$0	$0
HENRIK SARDARBEGIAN	Director	10.00	Director	$0	$0	$0
ARMEN ABOULIAN	Director	7.00	Director	$0	$0	$0
ARBI MADIROSSIANS	Director	7.00	Director	$0	$0	$0
ROOBINA ARSHAKIAN	CHAIRWOMAN	10.00	Officer Director	$0	$0	$0
SARO KHEMICHIAN	VICE CHAIR	10.00	Officer Director	$0	$0	$0
TALIN MARDIROSSIAN	Secretary	7.00	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
2024	$3,756,711	$2,635,063	$8,395,971	$1,121,648
2023	$2,259,894	$2,217,675	$3,847,235	$42,219