THE CALIFORNIA HOME FOR THE AGED I… - 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

1950

Legal Domicile

Principal Officer

Dennis Bacopulos

Phone

5592518414

Tax Period

2024-06-01 to 2025-05-31

THE CALIFORNIA HOME FOR THE AGED INC DBA CALIFORNIA ARMENIAN HOME, founded in 1950, is a mid-sized nonprofit in the Health Care sector that reported $32.5M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

BUILDING ON THE LEGACY AND VISION OF OUR FOUNDERS, THE CALIFORNIA ARMENIAN HOME, AS A PROGRESSIVELY LEAD NON-PROFIT COMMUNITY, IS COMMITTED TO PROVIDE A ONE-OF-A-KIND, PEOPLE CENTERED, PLANNED SENIOR COMMUNITY TO SERVE ALL LEVELS OF SENIOR LIVING WITH EXTRAORDINARY LIFESTYLE EXPERIENCES, COMPASSIONATE CARE AND GRACIOUS HOSPITALITY.

Program Service Accomplishments

Program 1

Expenses: $27,794,489 Revenue: $30,913,573

THE CALIFORNIA HOME FOR THE AGED, INC., DBA CALIFORNIA ARMENIAN HOMEAND DBA THE VINEYARDS, OFFERS SKILLED NURSING, ASSISTED LIVING, MEMORY SUPPORT AND INDEPENDENT LIVING SERVICES TO SENIOR CITIZENS AS A CONTINUING CARE RETIREMENT COMMUNITY. TODAY WE OFFER 119 SKILLED BEDS AND 76 ASSISTED LIVING RESIDENTIAL UNITS, 36 MEMORY SUPPORT ASSISTED LIVING RESIDENTIAL UNITS, 60 INDEPENDENT LIVING APARTMENTS AND 42 INDEPENDENT LIVING VILLAS WITH SERVICES PROVIDED IN A LOVING, CARING,FAMILY-ORIENTED ENVIRONMENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,525,725

Program Service Revenue $30,913,573

Investment Income $56,825

Other Revenue $0

TOTAL REVENUE $32,496,123

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,370,611

Fundraising Expenses $39,171

Program Expenses $27,794,489

Other Expenses $13,244,669

TOTAL EXPENSES $32,615,280

Year-over-Year Comparison

	2024	2023	Change
Revenue	$32,496,123	$28,850,466	+0.1%
Expenses	$32,615,280	$30,269,553	+0.1%
Net Income	$-119,157	$-1,419,087	-0.9%

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

415

Volunteers

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

$1,580,507

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS BACOPULOS	CEO	40.00	Officer	$452,757	$11,575	$464,332
ANGELA HOPKINS	RCFE EXEC DIR	40.00	Officer	$217,092	$25,530	$242,622
MARY BATTAD	senior ED OF HR	40.00	Officer	$198,695	$13,810	$212,505
TERRY ANDERSEN	dir. of finance	40.00	Officer	$182,742	$24,314	$207,056
PAUL ROCHA	Executive Dir.	40.00	Officer	$193,069	$11,619	$204,688
NICK NOLAN	CAMPUS OPS DIR.	40.00		$134,735	$26,002	$160,737
SHERRIE HARMON	NURSING DIRECTOR	40.00		$148,422	$6,012	$154,434
DORA PENA	REGISTERED NURSE	40.00		$143,042	$0	$143,042
BRENDA RAMSHAW	S&M director	40.00	Officer	$130,208	$12,053	$142,261
ROBERT ORTIZ III	EXECUTIVE CHEF	40.00		$124,920	$8,607	$133,527
GURMEET SIDHU	REGISTERED NURSE	40.00		$112,940	$0	$112,940
SANDRA FILLMORE	Controller	40.00	Officer	$107,043	$0	$107,043
LUCY K GRAYSON	President	20.00	Officer Director	$0	$0	$0
MITCH BAGDASARIAN	Chairman	4.00	Officer Director	$0	$0	$0
VAHAGN BZNOUNI	DIRECTOR	1.00	Director	$0	$0	$0
GEORGIA SAMPLE	Secretary	1.00	Officer Director	$0	$0	$0
MARY BRAA	DIRECTOR	1.00	Director	$0	$0	$0
VAROUJAN DER SIMONIAN	Director	1.00	Director	$0	$0	$0
MICHAEL HANNIGAN	Director	4.00	Director	$0	$0	$0
EDWARD HOKOKIAN	Director	4.00	Director	$0	$0	$0
JACK KAZANJIAN	PRESIDENT DIR.	1.00	Director	$0	$0	$0
GARY KRBOYAN	Director	1.00	Director	$0	$0	$0
ROBERT MANGASARIAN	Treasurer	1.00	Officer Director	$0	$0	$0
STEVE SHAHBAZIAN	Director	1.00	Director	$0	$0	$0
AZNIV TASHJIAN	RESIDENT REP.	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
2025	$32,496,123	$32,615,280	$64,547,862	$-119,157
2024	$28,850,466	$30,269,553	$61,693,811	$-1,419,087
2023	$26,818,664	$27,459,902	$62,993,271	$-641,238
2022	$26,012,027	$25,271,691	$64,321,247	$740,336
2021	$22,577,173	$22,312,575	$63,434,521	$264,598
2020	$24,052,628	$21,499,547	$65,674,289	$2,553,081
2019	$19,110,164	$20,580,718	$59,463,734	$-1,470,554

THE CALIFORNIA HOME FOR THE AGED INC DBA CALIFORNIA ARMENIAN HOME