ARCHIMEDEAN ACADEMY INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

DR GEORGE KAFKOULIS

Phone

3052796572

Tax Period

2022-07-01 to 2023-06-30

ARCHIMEDEAN ACADEMY INC, founded in 2002, is a mid-sized nonprofit in the Education sector that reported $17.6M in total revenue in fiscal year 2022. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $15.8M left a modest 10% surplus.

Mission

THE MISSION OF THE ARCHIMEDEAN SCHOOLS IS TO INITIATE THE YOUNG MIND INTO THE ART OF THINKING THROUGH THE TEACHING OF MATHEMATICS AND THE GREEK LANGUAGE.

Program Service Accomplishments

Program 1

Expenses: $14,294,047 Revenue: $17,490,131

THE INSTITUTION PROVIDES THROUGH ARCHIMEDEAN ACADEMY, ARCHIMEDEAN MIDDLE AND ARCHIMEDEAN UPPER CONSERVATORY EDUCATION FROM KINDERGARDEN TO 12TH GRADE.

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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%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $80,683

Program Service Revenue $17,490,131

Investment Income $0

Other Revenue $0

TOTAL REVENUE $17,570,814

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,669,012

Fundraising Expenses $0

Program Expenses $14,294,047

Other Expenses $5,124,341

TOTAL EXPENSES $15,793,353

Year-over-Year Comparison

	2022	2021	Change
Revenue	$17,570,814	$13,727,138	+0.3%
Expenses	$15,793,353	$13,734,415	+0.1%
Net Income	$1,777,461	$-7,277	-245.3%

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

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

248

Volunteers

223

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

$113,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR GEORGE KAFKOULIS	PRESIDENT	15.00	Officer Director	$0	$0	$0
ALECO HARALAMBIDES ESQ	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
JEFFREY TARABOULOS	TREASURER	10.00	Officer Director	$0	$0	$0
FRANK BERRIZBEITIA	SECRETARY & BOARD MEMBER	10.00	Officer Director	$0	$0	$0
APLATON ALEXANDRAKIS	BOARD MEMBER	10.00	Director	$0	$0	$0
DR KONSTANTINOS BOUKAS	BOARD MEMBER	10.00	Director	$0	$0	$0
DR ANDRES TREMANTE MORAKIS	BOARD MEMBER	10.00	Director	$0	$0	$0
ALEXANDROS KATSIKAS	BOARD MEMBER	5.00	Director	$0	$0	$0
DIMITRIOS BARDOUTSOS	CHIEF EXECUTIVE BUSINESS O	40.00	Officer	$107,000	$6,000	$113,000
DEMETRIOS DEMOPOULOS	DIRECTOR OF MIDDLE AND HIG	1.00	Highest	$120,500	$6,000	$126,500

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$17,570,814	$15,793,353	$23,576,114	$1,777,461
2022	$13,727,138	$13,734,415	$22,575,102	$-7,277
2021	$13,518,784	$12,455,735	$22,513,613	$1,063,049
2020	$12,220,123	$12,604,870	$5,135,881	$-384,747
2019	$12,342,670	$12,659,772	$3,866,426	$-317,102
2018	$12,209,489	$11,501,277	$4,308,993	$708,212