ORGANIZATION OF ISTANBUL ARMENIANS (EIN 953947414) - 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

1984

Legal Domicile

Phone

8183426378

Tax Period

2023-01-01 to 2023-12-31

ORGANIZATION OF ISTANBUL ARMENIANS, founded in 1984, is a small nonprofit in the Arts, Culture & Humanities sector that reported $166K in total revenue in fiscal year 2023. Revenue surged 74% from the prior year, signaling strong growth momentum. Net assets of $2.8M represent 202 months of operating reserves.

Mission

To preserve and promote the Armenian heritage and culture by bringing compatriot fellow Armenians together and having cultural activities. To promote higher education by providing scholarship to college students.

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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 $144,653

Program Service Revenue $0

Investment Income $194

Other Revenue $21,000

TOTAL REVENUE $165,847

Expense Breakdown

Grants Paid $11,212

Salaries & Benefits $24,671

Fundraising Expenses $17,886

Program Expenses $57,486

Other Expenses $131,218

TOTAL EXPENSES $167,101

Year-over-Year Comparison

	2023	2022	Change
Revenue	$165,847	$95,219	+0.7%
Expenses	$167,101	$105,975	+0.6%
Net Income	$-1,254	$-10,756	-0.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Edi Sarafoglu	President	2.00	Officer Director	$0	$0	$0
Murat Mark Kosker	CFO	2.00	Officer Director	$0	$0	$0
Herman Yayla	Secretary	2.00	Officer Director	$0	$0	$0
Ohannes Avedikyan	Trustee	2.00	Officer Director	$0	$0	$0
Serj Bulanikian	Assistant Sec.	2.00	Officer Director	$0	$0	$0
Vache Kilavuz	Advisor	1.00	Officer Director	$0	$0	$0
Garbis Sarafyan	Advisor	1.00	Officer Director	$0	$0	$0
Hagop Halici	Tres.	3.00	Officer Director	$0	$0	$0
Arek Balci	Advisor	1.00	Officer Director	$0	$0	$0
Rosa Madoyan	Advisor	1.00	Officer 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	$165,847	$167,101	$2,796,486	$-1,254
2022	$95,219	$105,975	$2,827,914	$-10,756
2021	$266,059	$146,654	$2,831,979	$119,405
2020	$115,064	$186,098	$2,802,914	$-71,034

ORGANIZATION OF ISTANBUL ARMENIANS