ARAM SOBA RAANANA INC

EIN: 883314688 501(c)(3) Arts, Culture & Humanities

SANFORD, NC

Total Revenue
$200,323
Total Expenses
$313,542
Total Assets
$50,983
Net Assets
$-149,017
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
DE
Principal Officer
JOSEPH HADDAD
Phone
2129672300
Tax Period
2025-01-01 to 2025-12-31

ARAM SOBA RAANANA INC, founded in 2022, is a small nonprofit in the Arts, Culture & Humanities sector that reported $200K in total revenue in fiscal year 2025. Expenses of $314K exceeded revenue, resulting in a 57% operating deficit.

Mission

THE PURPOSE FOR WHICH THE CORPORATION EXISTS IS TO MAINTAIN THE AGE-OLD SEPHARDIC JEWRY CUSTOMS AND TRADITIONS ESTABLISHED IN ALEPPO, SYRIA, KNOWN AS "ARAM SOBA," INCLUDING THROUGH EDUCATION, SUPPORTING RELIGIOUS ORGANIZATIONS FOLLOWING THE ARAM SOBA TRADITIONS AND HISTORICAL RESEARCH, AND LAWFULLY DOING ANY AND ALL THINGS NECESSARY, SUITABLE AND PROPER FOR THE ACCOMPLISHMENT OF THIS PURPOSE. NOTWITHSTANDING THE FOREGOING, HOWEVER, THE CORPORATION SHALL NEITHER HAVE NOR EXERCISE ANY POWER OR AUTHORITY, EITHER EXPRESSLY, BY INTERPRETATION OR BY OPERATION OF LAW, NOR DIRECTLY OR INDIRECTLY ENGAGE IN ANY ACTIVITY, THAT WOULD PREVENT IT FROM QUALIFYING (AND CONTINUING TO QUALIFY) AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $199,452
Program Service Revenue $0
Investment Income $871
Other Revenue $0
TOTAL REVENUE $200,323

Expense Breakdown

Grants Paid $293,203
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $293,203
Other Expenses $20,339
TOTAL EXPENSES $313,542

Year-over-Year Comparison

2025 2024 Change
Revenue $200,323 $186,440 +0.1%
Expenses $313,542 $289,225 +0.1%
Net Income $-113,219 $-102,785 +0.1%
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
3
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH HADDAD PRESIDENT 1.00
Officer Director
$0 $0 $0
IRVING SASSOON VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
TOMER YAHID TREAS SECRETARY 1.00
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
2025 $200,323 $313,542 $50,983 $-113,219
2023 $640,507 $603,557 $266,987 $36,950
2022 $215,470 $185,433 $30,037 $30,037
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