ARARAT HOME OF LOS ANGELES (EIN 951809572) - 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

1949

Legal Domicile

Phone

8183653000

Tax Period

2023-01-01 to 2023-12-31

ARARAT HOME OF LOS ANGELES, founded in 1949, is a mid-sized nonprofit in the Health Care sector that reported $53.0M in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum.

Mission

PROVIDE CARE FOR THE ELDERLY

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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 $981,338

Program Service Revenue $50,804,073

Investment Income $1,055,114

Other Revenue $162,885

TOTAL REVENUE $53,003,410

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,413,354

Fundraising Expenses $176,385

Program Expenses $50,536,316

Other Expenses $18,101,462

TOTAL EXPENSES $51,514,816

Year-over-Year Comparison

	2023	2022	Change
Revenue	$53,003,410	$39,048,717	+0.4%
Expenses	$51,514,816	$39,276,593	+0.3%
Net Income	$1,488,594	$-227,876	-7.5%

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

720

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

$310,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DERIK GHOOKASIAN	CEO	40.00	Officer	$310,000	$0	$310,000
MARGARITA KECHICHIAN	ADMINISTRATOR OF NURSING FACILITY	40.00		$295,500	$0	$295,500
VARSENIK KESHISHYAN	DOH	40.00		$210,000	$0	$210,000
SUSAN YERANIAN	DIRECTOR OF NURSING	40.00		$200,000	$0	$200,000
RITA NORAVIAN	ADMINISTRATOR RCFE	40.00		$166,994	$0	$166,994
CHRISTINE KARAPETIAN	ADMINISTRATOR	40.00		$149,000	$0	$149,000
VICKY TUMIKYAN	DIRECTOR OF NURSING	40.00		$115,240	$0	$115,240
ANI DIKRANIAN	EXECUTIVE SECRETARY	40.00		$94,000	$0	$94,000
MICHAEL SURMEIAN CPA	Trustee	0.00	Director	$0	$0	$0
RON NAZELEY	Trustee	0.00	Director	$0	$0	$0
NAZAR ASHJIAN CPA	Trustee	0.00	Director	$0	$0	$0
VAHE VARTANIAN	Treasurer	0.00	Officer Director	$0	$0	$0
DEBBIE AVEDIAN	Asst Secretary	0.00	Officer Director	$0	$0	$0
GARY KALOOSTIAN	Trustee	0.00	Director	$0	$0	$0
SARKIS BEDIKIAN	Trustee	0.00	Director	$0	$0	$0
TAKOOHI JOSEPHIAN	Trustee	0.00	Director	$0	$0	$0
H RAFFI BALIAN MD	Trustee	0.00	Director	$0	$0	$0
VATCHE BARDAKJIAN MD	Trustee	0.00	Director	$0	$0	$0
SHAHE BOYADJIAN	Trustee	0.00	Director	$0	$0	$0
PETER DARAKJIAN	Secretary	0.00	Officer Director	$0	$0	$0
ALEXIS GEVORGIAN	Trustee	0.00	Director	$0	$0	$0
RICHARD JEBEJIAN	Trustee	0.00	Director	$0	$0	$0
JOSEPH KANIMIAN ESQ	Trustee	0.00	Director	$0	$0	$0
MAGGIE MANGASSARIAN-GOSCHIN	Trustee	0.00	Director	$0	$0	$0
RAFFI MARDIROSIAN	Trustee	0.00	Director	$0	$0	$0
ARAM YOUSSOUFIAN MD	Trustee	0.00	Director	$0	$0	$0
HAROUT MESROBIAN MD	Trustee	0.00	Director	$0	$0	$0
JOSEPH G OUZOUNIAN MD	Trustee	0.00	Director	$0	$0	$0
KOHAR MARDIROSSIAN PELTER RN	Trustee	0.00	Director	$0	$0	$0
BERJ SHAHBAZIAN	Trustee	0.00	Director	$0	$0	$0
SINAN SINANIAN	Chairman	0.00	Officer Director	$0	$0	$0
ROBERT TAYLOR	Trustee	0.00	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	$53,003,410	$51,514,816	$100,471,407	$1,488,594
2022	$39,048,717	$39,276,593	$85,270,295	$-227,876
2021	$37,967,364	$34,798,667	$89,509,346	$3,168,697
2020	$36,945,365	$33,532,713	$85,608,105	$3,412,652
2019	$37,570,799	$31,427,949	$79,679,214	$6,142,850
2018	$32,990,878	$30,323,803	$71,803,712	$2,667,075

ARARAT HOME OF LOS ANGELES