ARMENIAN AMERICAN MEDICAL SOCIETY … - Form 990 Financial Data

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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

Legal Domicile

Principal Officer

TALAR TEJIRIAN

Phone

8189807777

Tax Period

2024-01-01 to 2024-12-31

ARMENIAN AMERICAN MEDICAL SOCIETY INC is a small nonprofit in the Environment sector that reported $516K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Net assets of $1.2M represent 28 months of operating reserves.

Mission

TO CULTIVATE AND DEVELOP PROFESSIONAL, SOCIAL AND FRIENDLY RELATIONSHIPS AMONG ITS MEMBERS, AND TO CONTRIBUTE TOWARDS THE IMPROVEMENT OF THE HEALTH SERVICES RENDERED TO THE ARMENIAN COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $376,187

ARMENIA HOSPITAL PROJECTS, HEALTH FAIR, HEALTH CLINICS AND VARIOUS PROGRAMS INCLUDING: YERKIR USA FOR BUILDING POKR MAZRIG CLINIC, ARMENIAN MEDICAL INT'L, AREMNIAN EYE CARE PROJECT, GLENDALE MEMORIAL HEALTH FOUNDATION, USC ARMENIAN STUDIES, ARMENIAN RELIEF CENTER, ARTISTS FOR KIDS, AND CHILDREN'S MUSIC FUND, AND EDUCATION

Program 2

Expenses: $120,000

The AAMS Scholarship Program supports aspiring health care professionals in both the United States and Armenia. Since 2009, AAMS has awarded 113 scholarships to Armenian-American students pursuing...

The AAMS Scholarship Program supports aspiring health care professionals in both the United States and Armenia. Since 2009, AAMS has awarded 113 scholarships to Armenian-American students pursuing careers in medicine, nursing, dentistry, mental health, pharmacy, and allied health fields including 13 recipients in 2024 alone. In Armenia, since 2021, AAMS has provided full-tuition scholarships to students with academic promise and financial need, including wounded soldiers from the 44-day war.

Program 3

Expenses: $15,500

AAMS actively collaborates with and supports sister organizations that share its mission, including the Armenian Bone Marrow Donor Registry, Armenian International Medical Fund, Armenian Educational...

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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 $125,199

Program Service Revenue $145,242

Investment Income $15,732

Other Revenue $230,204

TOTAL REVENUE $516,377

Expense Breakdown

Grants Paid $135,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $511,687

Other Expenses $398,949

TOTAL EXPENSES $534,449

Year-over-Year Comparison

	2024	2023	Change
Revenue	$516,377	$556,971	-0.1%
Expenses	$534,449	$412,274	+0.3%
Net Income	$-18,072	$144,697	-1.1%

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

N/A

Employees

N/A

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	Role	Reportable Comp	Other Comp	Total
AVO BABIAN	ADVISOR	Director	$0	$0	$0
HARRY BALLAN	Advisor	Director	$0	$0	$0
GARNI BARKHOUDARIAN	President	Director	$0	$0	$0
SHERWIN HARIRI	ADVISOR	Director	$0	$0	$0
RAFFI TACHDJIAN	PARLIAMENTARIAN	Director	$0	$0	$0
JENIA TAHMASIAN	Vice President	Director	$0	$0	$0
ARTHUR OHANNESSIAN	Treasurer	Director	$0	$0	$0
SARMEN SARKISSIAN	MembershipChair	Director	$0	$0	$0
ELIZABETH ZORYAN	Secretary	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	$516,377	$534,449	$1,198,839	$-18,072
2023	$556,971	$412,274	$1,147,586	$144,697
2022	$315,645	$384,143	$919,239	$-68,498
2021	$923,550	$1,523,363	$1,256,999	$-599,813
2020	$2,186,831	$805,290	$1,960,682	$1,381,541
2019	$272,870	$388,065	$899,566	$-115,195
2018	$248,379	$286,546	$994,224	$-38,167

ARMENIAN AMERICAN MEDICAL SOCIETY INC