THE AMERICAN COLLEGE OF GREECE

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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

1961

Legal Domicile

Principal Officer

DR EDWARD C WINGENBACH

Phone

8572847908

Tax Period

2024-07-01 to 2025-06-30

THE AMERICAN COLLEGE OF GREECE, founded in 1961, is a mid-sized nonprofit in the International Affairs sector that reported $89.6M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO ADD DISTINCTIVE AND SUSTAINABLE VALUE TO OUR STUDENTS AS WELL AS GREECE, AMERICAN EDUCATION, HELLENIC HERITAGE, AND THE GLOBAL COMMUNITY THROUGH TRANSFORMATIVE TEACHING, SCHOLARSHIP, AND SERVICE.

Program Service Accomplishments

Program 1

Expenses: $70,299,205 Revenue: $86,767,913

IN THE FISCAL YEAR ENDING 6/30/25, 5,792 STUDENTS ATTENDED THE UNDERGRADUATE PROGRAM AND 380 GRADUATED WITH DIPLOMAS. THE GRADUATE SCHOOL AT DEREE HAD 503 STUDENTS ENROLLED OF WHOM 171 GRADUATED WITH ADVANCED DEGREES AND THE ALBA GRADUATE BUSINESS SCHOOL HAD 614 STUDENTS ENROLLED OF WHOM 262 GRADUATED WITH ADVANCED DEGREES. THE HIGH SCHOOL (GRADES 7 TO 12) HAD 1,625 STUDENTS OF WHOM 286 GRADUATED. THE ELEMENTARY SCHOOL (GRADES PRE-K TO 6), HAD 830 STUDENTS. THE AMERICAN COLLEGE OF GREECE (ACG) ALSO OFFERED WELL-ATTENDED CONTINUING EDUCATION AND CULTURAL EVENTS FOR THE COMMUNITY IN WHICH IT OPERATES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,559,254

Program Service Revenue $86,767,913

Investment Income $559,181

Other Revenue $722,574

TOTAL REVENUE $89,608,922

Expense Breakdown

Grants Paid $12,612,109

Salaries & Benefits $47,250,897

Fundraising Expenses $390,200

Program Expenses $70,299,205

Other Expenses $34,440,304

TOTAL EXPENSES $94,303,310

Year-over-Year Comparison

	2024	2023	Change
Revenue	$89,608,922	$81,659,784	+0.1%
Expenses	$94,303,310	$83,594,848	+0.1%
Net Income	$-4,694,388	$-1,935,064	+1.4%

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

N/A

Volunteers

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

$947,687

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR DANIEL SMITH	CHAIR	2.00	Officer Director	$0	$0	$0
JOHN CHACHAS	VICE CHAIR	2.00	Officer Director	$0	$0	$0
NIKOS KOUMETTIS	VICE CHAIR	2.00	Officer Director	$0	$0	$0
ANGELO MANIOUDAKIS	VICE CHAIR	2.00	Officer Director	$0	$0	$0
DEBORAH WINCE-SMITH	VICE CHAIR	2.00	Officer Director	$0	$0	$0
ALEX ALDOUS	SECRETARY	2.00	Officer Director	$0	$0	$0
MICHAEL BAPIS	TRUSTEE	2.00	Director	$0	$0	$0
GEORGE CASEY	TRUSTEE	2.00	Director	$0	$0	$0
GREG CHASE	TRUSTEE	2.00	Director	$0	$0	$0
ANTONY CONTOMICHALOS	TRUSTEE	2.00	Director	$0	$0	$0
ALMA DE METROPOLIS	TRUSTEE	2.00	Director	$0	$0	$0
DR SUSAN FUHRMAN	TRUSTEE	2.00	Director	$0	$0	$0
DR DENA HARITOS TSAMITIS	TRUSTEE	2.00	Director	$0	$0	$0
DR MARTHA J KANTER	TRUSTEE (THRU 11/2024)	2.00	Director	$0	$0	$0
HARIKLIA KARIS	TRUSTEE	2.00	Director	$0	$0	$0
PARIS KARASSO	TRUSTEE	2.00	Director	$0	$0	$0
DR HELENA MITCHELL	TRUSTEE	2.00	Director	$0	$0	$0
MILTON SIPP	TRUSTEE (AS OF 11/2024)	2.00	Director	$0	$0	$0
LENA TRIANTOGIANNIS	TRUSTEE	2.00	Director	$0	$0	$0
DR DAVID G HORNER	PRESIDENT	35.00	Officer	$266,059	$117,072	$635,296
KELLY A MORRA	CFO, SVP FINANCE & U.S. OPERATIONS	28.00	Officer	$0	$60,566	$312,391
NIKOLAOS MYLONOPOULOS	PROF DIG BUS, DIR SEV CTR EXCELLENCE	40.00	Highest	$133,789	$39,279	$173,068
PANAGIOTIS VLACHOPOULOS	VICE PRESIDENT ACADEMIC AFFAIRS	40.00	Highest	$158,096	$38,557	$196,653
STEFANOS ZARKOS	ASSC DEAN ACAD PROG & ASSC PROF FIN	40.00	Highest	$136,569	$41,274	$177,843
KONSTANTINOS AXARLOGLOU	PROFESSOR OF INTL. BUSN. & STRATEGY	40.00	Highest	$135,833	$46,075	$181,908
ILIANA LAZANA	SENIOR VP OF ADMIN & PIERCE	40.00	Highest	$134,434	$69,819	$204,253

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	$89,608,922	$94,303,310	$116,224,555	$-4,694,388
2024	$81,659,784	$83,594,848	$109,354,268	$-1,935,064
2023	$69,227,780	$73,532,656	$96,565,994	$-4,304,876
2022	$59,872,948	$64,714,418	$82,590,614	$-4,841,470
2021	$58,892,639	$60,338,903	$67,377,188	$-1,446,264
2020	$54,456,100	$55,526,761	$58,422,356	$-1,070,661
2019	$57,433,160	$57,916,969	$58,307,777	$-483,809
2018	$53,714,497	$57,367,646	$55,261,845	$-3,653,149