ARARAT ARMENIAN CEMETERY ASSOCIATI… - 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

1919

Legal Domicile

Principal Officer

MARK TOPOOZIAN

Phone

5592922415

Tax Period

2023-01-01 to 2023-12-31

ARARAT ARMENIAN CEMETERY ASSOCIATION, founded in 1919, is a small nonprofit that reported $506K in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $596K exceeded revenue, resulting in a 18% operating deficit.

Mission

TO PRESERVE, MAINTAIN, AND PROVIDE PERPETUAL CARE FOR THE LAND AND BUILDINGS OF THE HISTORIC MOUNT ARARAT AND MASIS ARARAT CEMETERIES IN FRESNO, CALIFORNIA.

Program Service Accomplishments

Program 1

Expenses: $549,633 Revenue: $475,082

SALES OF GRAVE SITES, PERFORMING BURIAL SERVICES, AND PERFORMING DAILY OPERATIONS AND MAINTENANCE OF THE ARARAT CEMETERY.

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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 $31,395

Program Service Revenue $386,636

Investment Income $88,446

Other Revenue $0

TOTAL REVENUE $506,477

Expense Breakdown

Grants Paid $0

Salaries & Benefits $261,855

Fundraising Expenses $0

Program Expenses $549,633

Other Expenses $334,526

TOTAL EXPENSES $596,381

Year-over-Year Comparison

	2023	2022	Change
Revenue	$506,477	$725,234	-0.3%
Expenses	$596,381	$604,602	0.0%
Net Income	$-89,904	$120,632	-1.7%

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

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
MARK TOPOOZIAN	PRESIDENT	4.00	Officer Director	$0	$0	$0
MEGGIN BORANIAN	VICE PRESIDENT	4.00	Director	$0	$0	$0
PHILIP TAVLIAN	SECRETARY/TREASURER	4.00	Officer Director	$0	$0	$0
BARLOW DER MUGRDECHIAN	DIRECTOR	4.00	Director	$0	$0	$0
FRANK BALEKIAN	DIRECTOR	4.00	Director	$0	$0	$0
HOURY SANDERSON	DIRECTOR	4.00	Director	$0	$0	$0
RAFFY CHEKHERDEMIAN	DIRECTOR	4.00	Director	$0	$0	$0
ANI ELIASON	DIRECTOR	4.00	Director	$0	$0	$0
ARA KARKAZIAN	DIRECTOR	4.00	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	$506,477	$596,381	$2,642,484	$-89,904
2022	$725,234	$604,602	$2,476,758	$120,632
2021	$820,805	$474,574	$2,770,314	$346,231
2020	$510,972	$416,820	$2,390,253	$94,152
2019	$532,427	$395,836	$1,993,693	$136,591
2018	$449,340	$363,621	$1,594,950	$85,719

ARARAT ARMENIAN CEMETERY ASSOCIATION