Armenian Society of Boston Inc

Nonprofit profile at a glance

EIN
042734515
IRS 990-EZ coverage
2019–2022
Forms available
Form 990-EZ 2022
Location
Marlborough, MA, USA
Phone
5084392865
Rating
87
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$2,100
Expenses
$3,053
Assets
$49,781

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • MANNEH GHAZARIAN (PRESIDENT)
  • MARGO VOSKANIAN (VICE PRESIDENT)

People named in this filing

  • MANNEH GHAZARIAN (PRESIDENT)
  • OSHIN YOUSEFI (Treasurer)
  • TALINE SARIAN (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Develop programs that foster an awareness in the armenian heritage and culture

What it reported doing in 2022

Armenian heritage, culture and language continued to be fostered during the year

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating revenue.
Distribution model
Grant intermediary. The nonprofit sent 61% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 41
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -45.4%; rating input score 15; 15th percentile among comparable filings
  • Total-asset coverage ratio: 16.31; rating input score 94; 94th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -14.2% per year; rating input score 0; 24th percentile among comparable filings
  • Revenue growth: 120% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: -12.9% per year; rating input score 0; 14th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $3K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 4 filing years from 2019 to 2022
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 15/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.