ARMENIAN AMERICAN NURSES ASSOCIATION

EIN: 954870026 501(c)(3) Health Care

GLENDALE, CA

Total Revenue
$8,078
Total Expenses
$11,287
Total Assets
$10,108
Net Assets
$10,108
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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
SALPY AKARAGIAN
Phone
8186677256
Tax Period
2022-07-01 to 2023-06-30

ARMENIAN AMERICAN NURSES ASSOCIATION, founded in 2000, is a micro nonprofit in the Health Care sector that reported $8K in total revenue in fiscal year 2022. Revenue surged 47418% from the prior year, signaling strong growth momentum. Expenses of $11K exceeded revenue, resulting in a 40% operating deficit.

Mission

Over 30 years ago, following Armenias devastating earthquake of 1988, Salpy Akaragian, RN,approached a group of visionary nurses in the Los Angelesg to start an organization to assist the homeland in healthcare.For over three decades, members of the AANA have extended their services, time, and expertise to assist the community in Los Angeles and Armenia. They have collaborated with the members of the Armenian American Medical Society and others, and performed health-screening events in Armenian schools, screening students for lice, vision, dental health, and scoliosis. Moreover, they have assisted in community health fairs and offered services, consultation and education. They have staffed first aid booths in athletic and cultural events, taught CPR classes to teachers and scouts, educated school children about hygiene and various health related topics, and vaccinated the elderly by holding flu clinics in various church campuses and adult day care centers.AANA has a BRN provider number

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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 (2022)

Revenue Breakdown

Contributions & Grants $8,078
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $8,078

Expense Breakdown

Grants Paid $4,150
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $11,287
Other Expenses $7,137
TOTAL EXPENSES $11,287

Year-over-Year Comparison

2022 2021 Change
Revenue $8,078 $17 +474.2%
Expenses $11,287 $2,544 +3.4%
Net Income $-3,209 $-2,527 +0.3%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
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
1
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HOURI TANASHIAN PRESIDENT-ELECT 2.00
Director
$0 $0 $0
KOHAR KESIAN Treasurer 4.00
Director
$0 $0 $0
ROSINE DER-TAVITIAN REC. SECRETARY 2.00
Director
$0 $0 $0
SALPY AKARAGIAN President 10.00
Officer Director
$0 $0 $0
ARMINEH HAYRAPETYAN CORR. SECRETARY 2.00
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
2023 $8,078 $11,287 $10,108 $-3,209
2022 $17 $2,544 $13,317 $-2,527
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