ARMENIAN FAIRYTALES INC

EIN: 954690137 501(c)(3) Arts, Culture & Humanities

GLENDALE, CA

Total Revenue
$211,320
Total Expenses
$256,925
Total Assets
$233,259
Net Assets
$-187,641
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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
1999
Legal Domicile
CA
Principal Officer
GEVORG AVETISSIAN
Phone
8185522849
Tax Period
2023-01-01 to 2023-12-31

ARMENIAN FAIRYTALES INC, founded in 1999, is a small nonprofit in the Arts, Culture & Humanities sector that reported $211K in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $257K exceeded revenue, resulting in a 22% operating deficit.

Mission

CULTURAL ORGANIZATION

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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 (2023)

Revenue Breakdown

Contributions & Grants $211,320
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $211,320

Expense Breakdown

Grants Paid $0
Salaries & Benefits $17,862
Fundraising Expenses $0
Program Expenses $0
Other Expenses $239,063
TOTAL EXPENSES $256,925

Year-over-Year Comparison

2023 2022 Change
Revenue $211,320 $149,861 +0.4%
Expenses $256,925 $178,567 +0.4%
Net Income $-45,605 $-28,706 +0.6%
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
1
Independent Members
1
Employees
1
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
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GEVORK AVETISSIAN PRESIDENT 30.00
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
2024 No data No data No data No data
2023 $211,320 $256,925 $233,259 $-45,605
2022 $149,861 $178,567 $301,543 $-28,706
2021 $141,775 $194,884 $381,203 $-53,109
2020 $108,613 $144,025 $122,155 $-35,412
2019 $240,152 $213,539 $20,778 $26,613
2018 $153,261 $151,041 $4,911 $2,220
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