ARMENIAN SOCIETY OF LOS ANGELES

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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

Phone

8182411073

Tax Period

2024-03-01 to 2025-02-28

ARMENIAN SOCIETY OF LOS ANGELES is a small nonprofit in the Arts, Culture & Humanities sector that reported $313K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $467K exceeded revenue, resulting in a 49% operating deficit.

Mission

TO PROMOTE CULTURAL, HUMANITARIAN, ART AND EDUCATIONAL ACTIVITIES.

Program Service Accomplishments

Program 1

Expenses: $141,437 Revenue: $83,640

7 CHAPTERS TO PROMOTE CULTURE, ART AND GOOD CITIZENSHIP.TOTAL NUMBER OF MEMBERS SERVED WERE 190 AND NONMEMBERS SERVED WERE 357.

Program 2

ART AND CULTURAL PROGRAMS. TOTAL NUMBER OF MEMBERS SERVED BY THE PROGRAM WERE 37.

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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 $15,300

Program Service Revenue $298,075

Investment Income $0

Other Revenue $0

TOTAL REVENUE $313,375

Expense Breakdown

Grants Paid $0

Salaries & Benefits $92,905

Fundraising Expenses $0

Program Expenses $141,437

Other Expenses $373,781

TOTAL EXPENSES $466,686

Year-over-Year Comparison

	2024	2023	Change
Revenue	$313,375	$240,949	+0.3%
Expenses	$466,686	$358,261	+0.3%
Net Income	$-153,311	$-117,312	+0.3%

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

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
CARO MINAS	Trustee	10.00	Director	$0	$0	$0
VREJ AGAJANIAN	Trustee	10.00	Director	$0	$0	$0
ARUTIN HARTOUNIAN	Trustee	10.00	Director	$0	$0	$0
MARY SHAGHZOIAN	Trustee	10.00	Director	$0	$0	$0
THOMAS ALEXANIAN	Trustee	10.00	Director	$0	$0	$0
HOVIK GABIKIAN	Trustee	10.00	Director	$0	$0	$0
VARTAN GHARAPETIAN	Trustee	10.00	Director	$0	$0	$0
GAREN ZARGARIAN	Vice President	10.00	Officer	$0	$0	$0
HRAND AVANESSIANS	President	10.00	Officer	$0	$0	$0
SARKIS MIRZAIAN	Secretary	10.00	Officer	$0	$0	$0
SOUREN MINASSIAN	Treasurer	10.00	Officer	$0	$0	$0
ARMENIE ASLANAIN	ADVISOR	10.00	Officer	$0	$0	$0
ZAVEN GRIGORIAN	ADVISOR	10.00	Officer	$0	$0	$0
ALVART HACOPIAN	ADVISOR	10.00	Officer	$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	$313,375	$466,686	$2,225,082	$-153,311
2024	$240,949	$358,261	$2,457,979	$-117,312
2023	$220,547	$279,519	$2,529,995	$-58,972
2022	$255,394	$262,938	$2,569,969	$-7,544
2021	$93,026	$294,951	$2,504,947	$-201,925
2020	$317,907	$391,213	$2,683,845	$-73,306
2019	$457,096	$415,956	$2,737,620	$41,140