GYMNASTICS OLYMPICA USA INC

EIN: 953309918 501(c)(3)

SANTA CLARITA, CA

Total Revenue
$1,902,260
Total Expenses
$2,031,194
Total Assets
$1,596,489
Net Assets
$-318,730
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
CA
Principal Officer
ARTHUR MINASYAN
Phone
8187851537
Tax Period
2024-07-01 to 2025-06-30

GYMNASTICS OLYMPICA USA INC, founded in 1978, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

OUR MISSION HERE AT GYMNASTICS OLYMPICA USA IS... ...TO TEACH THE HABITS OF SUCCESS, FOR LIFE, TO THE CHILDREN OF THIS COMMUNITY IN A FUN, YET CHALLENGING ENVIRONMENT. ...TO SERVE THE PARENTS AT GYMNASTICS OLYMPICA IN A PROFESSIONAL AND KIND MANNER. ...TO PROMOTE THE HIGHEST STANDARDS OF GYMNASTICS IN THE SUPPORT OF THE GYMNASTICS OLYMPICA USA TEAMS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $54,102
Program Service Revenue $1,765,742
Investment Income $694
Other Revenue $81,722
TOTAL REVENUE $1,902,260

Expense Breakdown

Grants Paid $257
Salaries & Benefits $1,237,494
Fundraising Expenses $49,446
Program Expenses $1,642,847
Other Expenses $793,443
TOTAL EXPENSES $2,031,194

Year-over-Year Comparison

2024 2023 Change
Revenue $1,902,260 $1,753,265 +0.1%
Expenses $2,031,194 $1,754,146 +0.2%
Net Income $-128,934 $-881 +145.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
40
Volunteers
75

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
4
$234,731
Total Directors
7
$458,560
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LARA MCCALLUM SECRETARY 40.00
Officer Director
$137,935 $0 $137,935
PAVEL SARGSYAN ATHLETIC DIR 40.00
Director
$118,110 $0 $118,110
ARSEN MINASYAN COMPETITIVE 40.00
Director
$105,719 $0 $105,719
ANI SINANYAN TREASURER 40.00
Officer Director
$75,744 $0 $75,744
ARTHUR MINASYAN PRESIDENT 40.00
Officer Director
$21,052 $0 $21,052
ARMAND ANTONYAN VICE-PRESIDE 2.00
Officer Director
$0 $0 $0
DAVID GURULYAN MARKETING DI 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
2025 $1,902,260 $2,031,194 $1,596,489 $-128,934
2024 No data No data No data No data
2023 $1,787,680 $1,794,422 $1,924,894 $-6,742
2022 $1,495,868 $2,081,785 $1,962,439 $-585,917
2021 $685,374 $1,149,027 $538,383 $-463,653
2020 $1,341,204 $1,619,495 $906,547 $-278,291
2019 $1,624,397 $1,744,284 $832,030 $-119,887
2018 $1,705,688 $1,760,621 $1,013,506 $-54,933
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