FRIENDS OF TEAM ARMENIA BASKETBALL

EIN: 882397198 501(c)(3) Recreation & Sports

GLENDALE, CA

Total Revenue
$373,000
Total Expenses
$395,987
Total Assets
$206,856
Net Assets
$206,856
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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
CA
Principal Officer
REX KALAMIAN
Phone
4053124532
Tax Period
2024-01-01 to 2024-12-31

FRIENDS OF TEAM ARMENIA BASKETBALL, founded in 2022, is a small nonprofit in the Recreation & Sports sector that reported $373K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

TO BUILD, ENHANCE, AND SUSTAIN AN AELITE NATIONAL BASKETBALL PROGRAM THAT WILL COMPETE ON A WORLDIDE STAGE IN FIBA HELPING DEVELOP NATIONAL TEAM PLAYERS

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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 (2024)

Revenue Breakdown

Contributions & Grants $320,000
Program Service Revenue $53,000
Investment Income $0
Other Revenue $0
TOTAL REVENUE $373,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $2,400
Program Expenses $320,699
Other Expenses $395,987
TOTAL EXPENSES $395,987

Year-over-Year Comparison

2024 2023 Change
Revenue $373,000 $395,500 -0.1%
Expenses $395,987 $193,457 +1.0%
Net Income $-22,987 $202,043 -1.1%
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
3
Independent Members
2
Employees
N/A
Volunteers
5

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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REX KALAMIAN PRESIDENT N/A
$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 $373,000 $395,987 $206,856 $-22,987
2023 $395,500 $193,457 $229,843 $202,043
2022 $55,000 $27,200 $27,800 $27,800
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