ARMENIAN GENERAL BENEVOLENT UNION … - Form 990 Financial Data

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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

1959

Legal Domicile

Principal Officer

YERVANT DEMIRJIAN

Phone

2123196383

Tax Period

2023-01-01 to 2023-12-31

ARMENIAN GENERAL BENEVOLENT UNION GROUP, founded in 1959, is a small nonprofit in the Arts, Culture & Humanities sector that reported $576K in total revenue in fiscal year 2023. Revenue surged 455% from the prior year, signaling strong growth momentum. The organization ran a surplus of $214K, a strong 37% operating margin.

Mission

TO PRESERVE AND PROMOTE THE ARMENIAN IDENTITY AND HERITAGE THROUGH EDUCATIONAL, CULTURAL, AND HUMANITARIAN PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $343,104

TO BENEFIT EDUCATIONAL PROGRAMS AND GENERAL PURPOSES SUPPORTED BY THE ARMENIAN GENERAL BENEVOLENT UNION.

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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 $0

Program Service Revenue $0

Investment Income $576,384

Other Revenue $0

TOTAL REVENUE $576,384

Expense Breakdown

Grants Paid $343,104

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $343,104

Other Expenses $19,517

TOTAL EXPENSES $362,621

Year-over-Year Comparison

	2023	2022	Change
Revenue	$576,384	$103,872	+4.5%
Expenses	$362,621	$293,094	+0.2%
Net Income	$213,763	$-189,222	-2.1%

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

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
BERGE SETRAKIAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOSEPH OUGHOURLIAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
NAZARETH FESTEKJIAN	TREASURER	1.00	Officer Director	$0	$0	$0
YERVANT DEMIRJIAN	ASSISTANT TREASURER	1.00	Officer Director	$0	$0	$0
SARKIS JEBEJIAN	SECRETARY	1.00	Officer Director	$0	$0	$0
ARDA NAZERIAN HARATUNIAN	ASSISTANT SECRETARY	1.00	Officer Director	$0	$0	$0
ANI MANOUKIAN	MEMBER	1.00	Director	$0	$0	$0
ARI LIBARIKIAN	MEMBER	1.00	Director	$0	$0	$0
ARNAUD ATTAMIAN	MEMBER	1.00	Director	$0	$0	$0
CAMILIO AZZOUZ	MEMBER	1.00	Director	$0	$0	$0
ERIC ESRAILIAN	MEMBER	1.00	Director	$0	$0	$0
HAIG ARIYAN	MEMBER	1.00	Director	$0	$0	$0
LENA SARKISSIAN	MEMBER	1.00	Director	$0	$0	$0
LEVON NAZARIAN	MEMBER	1.00	Director	$0	$0	$0
LORI MUNCHERIAN	MEMBER	1.00	Director	$0	$0	$0
NADIA GORTZUNIAN	MEMBER	1.00	Director	$0	$0	$0
VAHE GABRACHE	MEMBER	1.00	Director	$0	$0	$0
VARTKES KNADJIAN	MEMBER	1.00	Director	$0	$0	$0
VASKEN YACOUBIAN	MEMBER	1.00	Director	$0	$0	$0
YEGHICHE MANOUKIAN	MEMBER	1.00	Director	$0	$0	$0
YERVANT ZORIAN	MEMBER	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	No data	No data	No data	No data
2023	$576,384	$362,621	$13,522,659	$213,763
2022	$103,872	$293,094	$12,168,490	$-189,222
2022	$103,872	$293,094	$12,168,490	$-189,222
2021	$928,597	$306,430	$14,823,928	$622,167
2020	$602,009	$245,139	$13,472,905	$356,870
2018	$399,423	$268,857	$10,178,414	$130,566

ARMENIAN GENERAL BENEVOLENT UNION GROUP