AMERICAN UNIVERSITY OF ARMENIA CORPORATION (EIN 943140704) - Form 990 Financial Analysis & Trantor Score

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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

1992

Legal Domicile

Principal Officer

DR BRUCE BOGHOSIAN

Phone

5109254282

Tax Period

2024-07-01 to 2025-06-30

AMERICAN UNIVERSITY OF ARMENIA CORPORATION, founded in 1992, is a mid-sized nonprofit in the Education sector that reported $19.0M in total revenue in fiscal year 2024. Revenue fell 51% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $6.9M, a strong 37% operating margin.

Mission

SUPPORT OF THE EDUCATIONAL AND RESEARCH ACTIVITIES OF THE AMERICAN UNIVERSITY OF ARMENIA (AUA).

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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 $9,320,515

Program Service Revenue $114,750

Investment Income $9,453,825

Other Revenue $93,018

TOTAL REVENUE $18,982,108

Expense Breakdown

Grants Paid $9,355,990

Salaries & Benefits $1,161,804

Fundraising Expenses $714,189

Program Expenses $10,580,679

Other Expenses $1,535,726

TOTAL EXPENSES $12,053,520

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,982,108	$39,080,470	-0.5%
Expenses	$12,053,520	$9,066,089	+0.3%
Net Income	$6,928,588	$30,014,381	-0.8%

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

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

$723,753

Total Directors

$510,734

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR BRUCE BOGHOSIAN	PRESIDENT	30.00	Officer Director	$291,981	$0	$510,734
MS GAYANE KHACHATRYAN	VP OF DEVELOPMENT	40.00	Highest	$152,250	$0	$152,250
GEVORG GOYUNYAN	CFO/TREASURER	15.00	Officer	$34,424	$0	$132,722
DR CAREN MEGHREBLIAN	SECRETARY (THRU 03/25)	20.00	Officer	$80,297	$0	$80,297
LARA MANN	SECRETARY (AS OF 04/25)	40.00	Officer	$0	$0	$0
DR LAWRENCE PITTS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
PAUL AGBABIAN	TRUSTEE	1.00	Director	$0	$0	$0
MR ZAVEN AKIAN	TRUSTEE	1.00	Director	$0	$0	$0
MS SUZY MISSIRIAN ANTOUNIAN	TRUSTEE	1.00	Director	$0	$0	$0
V ARA APKARIAN	TRUSTEE (AS OF 02/25)	1.00	Director	$0	$0	$0
FR MESROP ARAMIAN	TRUSTEE	1.00	Director	$0	$0	$0
DR HAROUTUNE ARMENIAN	TRUSTEE (THRU 11/24)	1.00	Director	$0	$0	$0
MS CAROL B ASLANIAN	TRUSTEE (THRU 11/24)	1.00	Director	$0	$0	$0
CRAIG AVEDISIAN	TRUSTEE	1.00	Director	$0	$0	$0
MR HOVHANNES AVOYAN	TRUSTEE	1.00	Director	$0	$0	$0
DR GEORGE BLUMENTHAL	TRUSTEE	1.00	Director	$0	$0	$0
PAUL BOGHOSIAN	TRUSTEE	1.00	Director	$0	$0	$0
JEAN-MANUEL BULLUKIAN	TRUSTEE (AS OF 02/25)	1.00	Director	$0	$0	$0
MR YERVANT DEMIRJIAN	TRUSTEE	1.00	Director	$0	$0	$0
DAVID ESSAYAN MD	TRUSTEE	1.00	Director	$0	$0	$0
DR WILLIAM FRAZER	TRUSTEE (THRU 09/24)	1.00	Director	$0	$0	$0
ARDA NAZERIAN HARATUNIAN	TRUSTEE	1.00	Director	$0	$0	$0
MR ADAM KABLANIAN	TRUSTEE	1.00	Director	$0	$0	$0
DR ANN KARAGOZIAN	TRUSTEE	1.00	Director	$0	$0	$0
DR ARMEN DER KIUREGHIAN	TRUSTEE	1.00	Director	$0	$0	$0
MR VAHE KUZOYAN	TRUSTEE	1.00	Director	$0	$0	$0
MS LORI MUNCHERIAN	TRUSTEE	1.00	Director	$0	$0	$0
DR KATHERINE NEWMAN	TRUSTEE	1.00	Director	$0	$0	$0
LUSINE POGHOSYAN	TRUSTEE (AS OF 02/25)	1.00	Director	$0	$0	$0
MS LENA SARKISSIAN	TRUSTEE	1.00	Director	$0	$0	$0
DR BARBARA SAWREY	TRUSTEE	1.00	Director	$0	$0	$0
MR BERGE SETRAKIAN ESQ	TRUSTEE	1.00	Director	$0	$0	$0
MR SAM SIMONIAN	TRUSTEE (AS OF 10/24)	1.00	Director	$0	$0	$0
MR SINAN SINANIAN	TRUSTEE	1.00	Director	$0	$0	$0
MR VASKEN YACOUBIAN	TRUSTEE	1.00	Director	$0	$0	$0
MS LUCINE YEGHIAZARYAN	TRUSTEE	1.00	Director	$0	$0	$0
MS VERONIKA ZONABEND	TRUSTEE	1.00	Director	$0	$0	$0
DR YERVANT ZORIAN	TRUSTEE	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	$18,982,108	$12,053,520	$172,314,810	$6,928,588
2024	$39,080,470	$9,066,089	$161,470,393	$30,014,381
2023	$10,350,209	$8,415,178	$122,863,230	$1,935,031
2022	$7,983,121	$5,600,773	$116,830,325	$2,382,348
2021	$16,091,949	$5,028,163	$123,313,905	$11,063,786
2020	$7,623,726	$5,189,565	$91,474,930	$2,434,161
2019	$5,785,319	$5,780,723	$86,880,997	$4,596
2018	$8,083,542	$5,369,494	$83,208,954	$2,714,048

AMERICAN UNIVERSITY OF ARMENIA CORPORATION