NAREK CULTURAL FOUNDATION INC

EIN: 954466501 501(c)(3) Arts, Culture & Humanities

GLENDALE, CA

Total Revenue
$1,076,063
Total Expenses
$1,127,980
Total Assets
$525,046
Net Assets
$516,187
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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
1994
Legal Domicile
CA
Principal Officer
ELVINA DARBINYAN
Phone
8182440142
Tax Period
2024-01-01 to 2024-12-31

NAREK CULTURAL FOUNDATION INC, founded in 1994, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2024.

Mission

CULTURAL FOUNDATION, SCHOOL, CHILD CARE CENTER

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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 $0
Program Service Revenue $1,076,061
Investment Income $2
Other Revenue $0
TOTAL REVENUE $1,076,063

Expense Breakdown

Grants Paid $0
Salaries & Benefits $763,779
Fundraising Expenses $0
Program Expenses $1,127,980
Other Expenses $364,201
TOTAL EXPENSES $1,127,980

Year-over-Year Comparison

2024 2023 Change
Revenue $1,076,063 $1,024,210 +0.1%
Expenses $1,127,980 $1,071,593 +0.1%
Net Income $-51,917 $-47,383 +0.1%
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

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Governance

Voting Members
3
Independent Members
3
Employees
28
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
1
$90,149
Total Directors
1
$90,149
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELVINA DARBINYAN CEO 40.00
Officer Director
$90,149 $0 $90,149
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 $1,076,063 $1,127,980 $525,046 $-51,917
2023 $1,024,210 $1,071,593 $578,723 $-47,383
2022 $1,205,418 $946,836 $634,924 $258,582
2021 $956,543 $864,190 $390,401 $92,353
2020 $614,276 $729,177 $428,697 $-114,901
2019 $861,045 $925,451 $392,201 $-64,406
2018 $851,976 $864,767 $451,881 $-12,791
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