HERITAGE CLINIC AND THE COMMUNITY ASSISTANCE PROGRAM FOR SENIORS

EIN: 954814550 501(c)(3) Mental Health

PASADENA, CA

Total Revenue
$17,402,163
Total Expenses
$14,599,212
Total Assets
$12,884,142
Net Assets
$9,281,426
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
CA
Principal Officer
VATCHE KELARTINIAN
Phone
6265778480
Tax Period
2024-07-01 to 2025-06-30

HERITAGE CLINIC AND THE COMMUNITY ASSISTANCE PROGRAM FOR SENIORS, founded in 2000, is a mid-sized nonprofit in the Mental Health sector that reported $17.4M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.8M, a strong 16% operating margin.

Mission

MISSION TO PROVIDE EXCELLENT MENTAL HEALTH AND DEMENTIA SERVICES FOR THE ELDERLY AND THEIR FAMILIES, AS WELL AS TO TRAIN MENTAL HEALTH PROFESSIONALS.

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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 $14,451,997
Program Service Revenue $2,552,050
Investment Income $398,116
Other Revenue $0
TOTAL REVENUE $17,402,163

Expense Breakdown

Grants Paid $0
Salaries & Benefits $9,918,783
Fundraising Expenses $0
Program Expenses $12,749,436
Other Expenses $4,680,429
TOTAL EXPENSES $14,599,212

Year-over-Year Comparison

2024 2023 Change
Revenue $17,402,163 $14,031,558 +0.2%
Expenses $14,599,212 $13,169,633 +0.1%
Net Income $2,802,951 $861,925 +2.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
172
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
$231,707
Total Directors
6
$231,707
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHY RUST DIRECTOR N/A
Director
$0 $0 $0
VATCHE KELARTINIAN PRESIDENT AN 40.00
Officer Director
$231,707 $0 $231,707
PATRICIA VICK DIRECTOR N/A
Director
$0 $0 $0
PETER HINTZOGLOU DIRECTOR N/A
Director
$0 $0 $0
CAROL PETERS DIRECTOR N/A
Director
$0 $0 $0
TERRY DILLON DIRECTOR N/A
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
2025 $17,402,163 $14,599,212 $12,884,142 $2,802,951
2024 $14,031,558 $13,169,633 $10,029,075 $861,925
2023 $13,272,196 $11,212,992 $8,887,701 $2,059,204
2022 $9,949,064 $9,075,189 $5,901,994 $873,875
2021 $9,030,914 $8,044,004 $4,725,054 $986,910
2020 $8,484,912 $8,111,452 $4,336,702 $373,460
2019 $7,299,591 $7,267,229 $2,691,092 $32,362
2018 $5,827,294 $5,819,001 $1,972,455 $8,293
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