ARMENIA FUND INC (EIN 954485698) - 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

1994

Legal Domicile

Principal Officer

MARIA MEHRANIAN

Phone

8182436222

Tax Period

2023-01-01 to 2023-12-31

ARMENIA FUND INC, founded in 1994, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $478K in total revenue in fiscal year 2023. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $14.9M exceeded revenue, resulting in a 3016% operating deficit.

Mission

SUPPORT THE PEOPLE OF ARMENIA.

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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 $1,493,217

Program Service Revenue $0

Investment Income $-1,015,378

Other Revenue $0

TOTAL REVENUE $477,839

Expense Breakdown

Grants Paid $0

Salaries & Benefits $233,087

Fundraising Expenses $913,804

Program Expenses $13,714,303

Other Expenses $14,656,403

TOTAL EXPENSES $14,889,490

Year-over-Year Comparison

	2023	2022	Change
Revenue	$477,839	$1,461,457	-0.7%
Expenses	$14,889,490	$10,131,468	+0.5%
Net Income	$-14,411,651	$-8,670,011	+0.7%

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

350

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
MARIA MEHRANIAN	CHAIRPERSON	20.00	Officer Director	$0	$0	$0
SEDA YAGHOUBIAN	TREASURER	8.00	Officer Director	$0	$0	$0
ARA MOVSESSIAN	SECRETARY	4.00	Officer Director	$0	$0	$0
ABP HOVNAN DERDERIAN	DIRECTOR	2.00	Director	$0	$0	$0
AVEDIK IZMIRLIAN	DIRECTOR	2.00	Director	$0	$0	$0
BISHOP MIKAEL MOURADIAN	DIRECTOR	2.00	Director	$0	$0	$0
BISHOP TORKOM DONOYAN	DIRECTOR	2.00	Director	$0	$0	$0
MIHRAN KHACHADURIAN	DIRECTOR	2.00	Director	$0	$0	$0
RAFFI BALIAN	DIRECTOR	2.00	Director	$0	$0	$0
REVEREND HENDRIK SHAHNAZARIAN	DIRECTOR	2.00	Director	$0	$0	$0
SILVA POLADIAN	DIRECTOR	2.00	Director	$0	$0	$0
TALIN YACOUBIAN	DIRECTOR	2.00	Director	$0	$0	$0
MIHRAN TOUMAJAN	DIRECTOR (THRU 04/2023)	2.00	Director	$0	$0	$0
AZATUI KARAOGLANYAN	EXECUTIVE DIRECTOR	40.00	Highest	$120,000	$5,670	$125,670

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	$477,839	$14,889,490	$44,802,290	$-14,411,651
2022	$1,461,457	$10,131,468	$52,336,741	$-8,670,011
2021	$8,000,794	$4,446,147	$68,598,938	$3,554,647
2020	$129,595,988	$66,456,299	$64,567,036	$63,139,689
2019	$1,819,460	$2,769,930	$1,266,290	$-950,470
2018	$3,916,864	$3,225,773	$1,916,467	$691,091

ARMENIA FUND INC