ARMENIAN EDUCATIONAL FOUNDATION

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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

HERMINEH PAKHANIANS

Phone

8182424152

Tax Period

2024-01-01 to 2024-12-31

ARMENIAN EDUCATIONAL FOUNDATION, founded in 1950, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.8M in total revenue in fiscal year 2024. Revenue surged 60% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 46% operating margin.

Mission

PROVIDING GRANTS THAT CONTRIBUTE TO THE GOALS OF ARMENIAN EDUCATION AND HERITAGE

Program Service Accomplishments

Program 1

Expenses: $1,898,483

GRANT RECEIPIENTS ARE ORGANIZATIONS, SCHOOLS, CHURCHES AND INDIVIDUALS, THATDISSEMINATE AND PROMOTE THE ARMENIAN HERITAGE, ITS RELIGIOUS BELIEFS, HISTORYAND LANGUAGE

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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 $3,198,247

Program Service Revenue $0

Investment Income $408,622

Other Revenue $172,133

TOTAL REVENUE $3,779,002

Expense Breakdown

Grants Paid $1,495,782

Salaries & Benefits $185,593

Fundraising Expenses $0

Program Expenses $1,898,483

Other Expenses $372,065

TOTAL EXPENSES $2,053,440

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,779,002	$2,359,755	+0.6%
Expenses	$2,053,440	$2,028,410	+0.0%
Net Income	$1,725,562	$331,345	+4.2%

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
AL CABRALOFF	Member	2.00	Director	$0	$0	$0
MICHELLE SHRIKIAN	Member	5.00	Director	$0	$0	$0
PETER BAGHDASSARIAN ESQ	Member	2.00	Director	$0	$0	$0
GINA FELIKIAN	Asst. Secretary	2.00	Officer Director	$0	$0	$0
HERMINEH PAKHANIANS	Treasurer	20.00	Officer Director	$0	$0	$0
VAHE HACOPIAN	MEMBER	20.00	Director	$0	$0	$0
ALEC BAGHDASARYAN	Member	2.00	Director	$0	$0	$0
SEROP BEYLERIAN	President	10.00	Officer Director	$0	$0	$0
ROBERT G YAVROUIAN	MEMBER	2.00	Director	$0	$0	$0
ADRINE HAMAMAH	ASST. TREASURER	2.00	Officer Director	$0	$0	$0
GEORGE ISSAIANS	Vice President	2.00	Officer Director	$0	$0	$0
ARTHUR MANGASSARIAN	Secretary	2.00	Officer Director	$0	$0	$0
SHEILA PAPAYANS	Member	2.00	Director	$0	$0	$0
MARINA MAZANIANS	Member	2.00	Director	$0	$0	$0
GARO MIRIGIAN	Member	2.00	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	$3,779,002	$2,053,440	$8,093,975	$1,725,562
2023	$2,359,755	$2,028,410	$6,055,187	$331,345
2022	$1,930,786	$1,685,844	$5,376,305	$244,942
2021	$2,130,869	$2,004,563	$5,680,253	$126,306
2020	$2,099,146	$1,368,432	$5,076,686	$730,714
2020	$2,096,988	$1,115,099	$5,222,089	$981,889
2019	$1,201,086	$841,880	$4,166,586	$359,206
2018	$564,703	$562,048	$3,337,799	$2,655