Civic Intelligence

Armenian International Medical Fund

EIN 32-0078573 • 501(c)3 • Sherman Oaks, CA

Profile

Create and maintain innovative health care programs in armenia, performing cochlear implants and bone anchored aid (baha) surgeries, newborn hearing screening and training future otologists in armenia.

14960 Dickens Street 301Sherman Oaks, CA 91403

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2025

Net Margin

52nd percentile

2.8%

Higher net margin than 52% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2025

Asset Growth

64th percentile

6.4%

Faster asset growth than 64% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

27th percentile

-31%

Faster revenue growth than 27% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Assets

Up

$200,889

Up $78,119 (+64%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$200,889

Up $78,119 (+64%) from 2023

Revenue

Up

$661,892

Up $133,877 (+25%) from 2023

Expenses

Up

$583,773

Up $112,672 (+24%) from 2023

Net Income

Up

$78,119

Up $21,205 (+37%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2018: $29,163Liabilities 2018: $0Net Assets 2018: $29,1632018Assets 2019: $194,208Liabilities 2019: $0Net Assets 2019: $194,2082019Assets 2020: $100,229Liabilities 2020: $0Net Assets 2020: $100,2292020Assets 2021: $63,514Liabilities 2021: $0Net Assets 2021: $63,5142021Assets 2022: $61,951Liabilities 2022: $0Net Assets 2022: $61,9512022Assets 2023: $122,770Liabilities 2023: $0Net Assets 2023: $122,7702023Assets 2024: $200,889Liabilities 2024: $0Net Assets 2024: $200,8892024

Highlighted filing

2024

Assets$200,889
Liabilities$0
Net Assets$200,889

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2018: $124,243Expenses 2018: $139,950Net Income 2018: -$15,7072018Revenue 2019: $411,245Expenses 2019: $246,200Net Income 2019: $165,0452019Revenue 2020: $207,143Expenses 2020: $301,122Net Income 2020: -$93,9792020Revenue 2021: $480,752Expenses 2021: $517,467Net Income 2021: -$36,7152021Revenue 2022: $434,831Expenses 2022: $436,394Net Income 2022: -$1,5632022Revenue 2023: $528,015Expenses 2023: $471,101Net Income 2023: $56,9142023Revenue 2024: $661,892Expenses 2024: $583,773Net Income 2024: $78,1192024

Highlighted filing

2024

Revenue$661,892
Expenses$583,773
Net Income$78,119

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 8, 2025
Return Version
2024v5.1
Gross Receipts
$661,892
Mission and Program Overview

Mission

Create and maintain innovative health care programs in armenia, performing cochlear implants and bone anchored aid (baha) surgeries, newborn hearing screening and training future otologists in armenia.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$122,770$200,889▲ $78,119
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$122,770$200,889▲ $78,119
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$122,770$200,889▲ $78,119
Total Net Assets Fund Balance$122,770$200,889▲ $78,119
Total Liabilities and Net Assets / Fund Balance$122,770$200,889▲ $78,119
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jacklin Boyadjian2nd V President
Salpy AkaragianPresident
Anita Aslanian1st Treasurer
Marie Danielian1st Treasurer
Akira Ishiyama1st Vice Pres.
Sophia Galstyan1st. Secretary
Christine MavilianCFO
Ellen ThovmasyanCorr. Secretary
Nicole ZibdeaSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$661,892
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$661,892
Change in Net Assets
$78,119
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$583,773
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$28,797$1,516-$30,313
All Other Expenses$6,404$337-$6,741
Total Functional Expenses$554,585$29,188$0$583,773
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

No review was or will be conducted.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Armenian International Medical Fund
EIN
32-0078573
Phone
8186677256
Address
14960 DICKENS STREET 301, SHERMAN OAKS, CA 91403

Signing Officer

Name
Salpy Akaragian
Title
President
Signed
2025-04-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Salpy Akaragian
Voting Board Members
9
Independent Board Members
0
Employees
0

Preparer

Firm
Elite Financial Solutions
Address
301 E FOOTHILL BLVD STE 201, ARCADIA, CA 91006
Preparer
William A Harris III CPA
Phone
6262561400
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SALPY AKARAGIAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ARMENIAN INTERNATIONAL MEDICAL FUND
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0AIM FUND
ReturnHeader/Filer/BusinessNameControlTxt0ARME
ReturnHeader/Filer/EIN0320078573
ReturnHeader/Filer/PhoneNum08186677256
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0208044652
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ELITE FINANCIAL SOLUTIONS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0301 E FOOTHILL BLVD STE 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ARCADIA
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ReturnHeader/PreparerPersonGrp/PhoneNum06262561400
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0William A Harris III CPA
ReturnHeader/ReturnTs02025-04-08T18:10:01-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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