Civic Intelligence

Armenian American Medical Association

EIN 51-0137384 • 501(c)3 • Wellesley, MA

Profile

promote excellence in healthcare

PO Box 812641Wellesley, MA 02482
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 2024

Liabilities / Revenue

62nd percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

87th percentile

42%

Higher net margin than 87% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

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 2024

Asset Growth

85th percentile

45%

Faster asset growth than 85% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

94th percentile

150%

Faster revenue growth than 94% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$278,047

Up $86,182 (+45%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$278,047

Up $86,182 (+45%) from 2023

Operations
Liabilities / Revenue62nd percentileNet Margin87th percentile

Revenue

Up

$173,085

Up $103,803 (+150%) from 2023

Expenses

Down

$100,804

Down $8,897 (-8.1%) from 2023

Net Income

Up

$72,281

Up $112,700 (+279%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth85th percentile

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

$300K$200K$100K$0Assets 2008: $83,378Liabilities 2008: $02008Assets 2009: $84,691Liabilities 2009: $02009Assets 2010: $88,561Liabilities 2010: $02010Assets 2011: $83,971Liabilities 2011: $02011Assets 2012: $84,271Liabilities 2012: $02012Assets 2013: $98,206Liabilities 2013: $02013Assets 2014: $114,606Liabilities 2014: $02014Assets 2015: $114,766Liabilities 2015: $02015Assets 2016: $108,656Liabilities 2016: $02016Assets 2017: $108,990Liabilities 2017: $02017Assets 2018: $114,828Liabilities 2018: $02018Assets 2021: $226,707Liabilities 2021: $0Net Assets 2021: $226,7072021Assets 2022: $213,200Liabilities 2022: $0Net Assets 2022: $213,2002022Assets 2023: $191,865Liabilities 2023: $0Net Assets 2023: $191,8652023Assets 2024: $278,047Liabilities 2024: $0Net Assets 2024: $278,0472024

Highlighted filing

2024

Assets$278,047
Liabilities$0
Net Assets$278,047
Open 2024 Filing

Operations Trend

Revenue Growth94th percentile

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

$400K$200K$0-$200K-$400KRevenue 2008: $4,712Expenses 2008: $4,051Net Income 2008: $6612008Revenue 2009: $6,330Expenses 2009: $5,016Net Income 2009: $1,3142009Revenue 2010: $8,115Expenses 2010: $4,245Net Income 2010: $3,8702010Revenue 2011: -$90Expenses 2011: $4,500Net Income 2011: -$4,5902011Revenue 2012: $2,800Expenses 2012: $2,500Net Income 2012: $3002012Revenue 2013: $16,544Expenses 2013: $2,609Net Income 2013: $13,9352013Revenue 2014: $18,900Expenses 2014: $2,500Net Income 2014: $16,4002014Revenue 2015: $3,960Expenses 2015: $3,800Net Income 2015: $1602015Revenue 2016: $564Expenses 2016: $6,674Net Income 2016: -$6,1102016Revenue 2017: $6,334Expenses 2017: $6,000Net Income 2017: $3342017Revenue 2018: $15,838Expenses 2018: $2,625Net Income 2018: $13,2132018Revenue 2021: $109,176Expenses 2021: $350,651Net Income 2021: -$241,4752021Revenue 2022: $102,993Expenses 2022: $116,500Net Income 2022: -$13,5072022Revenue 2023: $69,282Expenses 2023: $109,701Net Income 2023: -$40,4192023Revenue 2024: $173,085Expenses 2024: $100,804Net Income 2024: $72,2812024

Highlighted filing

2024

Revenue$173,085
Expenses$100,804
Net Income$72,281
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$278,047
Liabilities
$0
Net assets
$278,047
Revenue
$173,085
Expenses
$100,804
Net income
$72,281
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.78$0.00$2.78$1.73$1.01$0.72
2023Detailed filing. Detailed filing data is available for this year.$1.92$0.00$1.92$0.69$1.10$0.40
2022Detailed filing. Detailed filing data is available for this year.$2.13$0.00$2.13$1.03$1.17$0.14
2021Detailed filing. Detailed filing data is available for this year.$2.27$0.00$2.27$1.09$3.51$2.41
2018Summary only. Only limited summary data is available for this year.$1.15$0.00$0.16$0.03$0.13
2017Summary only. Only limited summary data is available for this year.$1.09$0.00$0.06$0.06$0.00
2016Summary only. Only limited summary data is available for this year.$1.09$0.00$0.01$0.07$0.06
2015Summary only. Only limited summary data is available for this year.$1.15$0.00$0.04$0.04$0.00
2014Summary only. Only limited summary data is available for this year.$1.15$0.00$0.19$0.03$0.16
2013Summary only. Only limited summary data is available for this year.$0.98$0.00$0.17$0.03$0.14
2012Summary only. Only limited summary data is available for this year.$0.84$0.00$0.03$0.03$0.00
2011Summary only. Only limited summary data is available for this year.$0.84$0.00$0.00$0.05$0.05
2010Summary only. Only limited summary data is available for this year.$0.89$0.00$0.08$0.04$0.04
2009Summary only. Only limited summary data is available for this year.$0.85$0.00$0.06$0.05$0.01
2008Summary only. Only limited summary data is available for this year.$0.83$0.00$0.05$0.04$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 13, 2025
Return Version
2024v5.2
Gross Receipts
$173,085
Mission and Program Overview

Mission

promote excellence in healthcare

Program Services

DescriptionGrantsExpenses
Assisted the development of members by improving delievery of healthcare, medial education and research-$0
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Shant ParseghianDirector-$0--
Vatche MinassianDirector-$0--
Rosalynn NazarianDirector-$0--
Hovig ChitilianDirector-$0--
Alexa DiranianDirector-$0--
Armineh MirzabegianDirector-$0--
Armen ArslanianDirector-$0--
Viken BabikianDirector-$0--
Gail GuzelianDirector-$0--
Nancy BarsamianDirector-$0--
Filing and Contact Details

Filer

Filer Name
Armenian American Medical Association
EIN
51-0137384
In Care Of
% Shant Parseghian
Phone
8778295500
Address
PO Box 812641, Wellesley, MA 02482

Signing Officer

Name
Shant Parseghian
Title
Member
Phone
7818646268
Signed
2025-05-13
Discuss with paid preparer
No

Preparer

Firm
Capital Gains Consulting PC
Address
22 Audrey Road, Belmont, MA 02478
Preparer
Lilit Gasparyan
Phone
6174581146
Supplemental Narrative

Additional Explanations

Other changes in net assets or fund balances Part I line 20

“Description AmountUnrealized gains 13,901”

Raw XML Appendix181 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BenefitsPaidToOrForMembersAmt031712
IRS990EZ/BooksInCareOfDetail/PersonNm0Shant Parseghian
IRS990EZ/BooksInCareOfDetail/PhoneNum08778295500
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO Box 812641
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Wellesley
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd002482
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0191865
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0278047
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0153337
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt072281
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt060466
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0191865
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0278047
IRS990EZ/GrossReceiptsAmt0173085
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt019748
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0191865
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0278047
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0191865
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0278047
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt30.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt40.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt50.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt60.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt70.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt80.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt90.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt90
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt90
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt90
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Shant Parseghian
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Vatche Minassian
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Rosalynn Nazarian
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Hovig Chitilian
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Alexa Diranian
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Armineh Mirzabegian
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6Armen Arslanian
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7Viken Babikian
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8Gail Guzelian
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm9Nancy Barsamian
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt013901
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PrimaryExemptPurposeTxt0promote excellence in healthcare
IRS990EZ/PrintingPublicationsPostageAmt08626
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Assisted the development of members by improving delievery of healthcare, medial education and research
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0100804
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt0173085
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0153337
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt065709
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0101489
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0101978
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0422513
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0422513
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0153337
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt065709
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0101489
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0101978
IRS990ScheduleA/Total509Grp/TotalAmt0422513
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0153337
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt065709
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0101489
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0101978
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0422513
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description AmountUnrealized gains 13,901
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other changes in net assets or fund balances Part I line 20
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0SHANT PARSEGHIAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Member
ReturnHeader/BusinessOfficerGrp/PhoneNum07818646268
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Armenian American Medical Association
ReturnHeader/Filer/BusinessNameControlTxt0ARME
ReturnHeader/Filer/EIN0510137384
ReturnHeader/Filer/InCareOfNm0% Shant Parseghian
ReturnHeader/Filer/PhoneNum08778295500
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 812641
ReturnHeader/Filer/USAddress/CityNm0Wellesley
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002482
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0824754432
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Capital Gains Consulting PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt022 Audrey Road
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Belmont
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002478
ReturnHeader/PreparerPersonGrp/PhoneNum06174581146
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LILIT GASPARYAN
ReturnHeader/ReturnTs02025-11-13T15:19:18-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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