COLLEGE YEAR IN ATHENS 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

1963

Legal Domicile

Principal Officer

THEO MELAS-KYRIAZI

Phone

6178688200

Tax Period

2022-07-01 to 2023-06-30

COLLEGE YEAR IN ATHENS INC, founded in 1963, is a mid-sized nonprofit in the International Affairs sector that reported $10.4M in total revenue in fiscal year 2022. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 16% operating margin.

Mission

TO PROVIDE ENGLISH-SPEAKING STUDENTS THE OPPORTUNITY TO STUDY GREEK LANGUAGE AND CULTURE.

Program Service Accomplishments

Program 1

Expenses: $6,910,213 Revenue: $8,677,500

ACADEMIC PROGRAM OF COURSES IN GREEK AND EAST MEDITERRANEAN STUDIES FOR NORTH AMERICAN COLLEGE LEVEL STUDENTS. SERVICED 968 STUDENTS IN FISCAL YEAR 2023.

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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 $1,640,915

Program Service Revenue $8,421,148

Investment Income $105,054

Other Revenue $256,352

TOTAL REVENUE $10,423,469

Expense Breakdown

Grants Paid $1,543,200

Salaries & Benefits $750,153

Fundraising Expenses $4,658

Program Expenses $6,910,213

Other Expenses $6,466,928

TOTAL EXPENSES $8,760,281

Year-over-Year Comparison

	2022	2021	Change
Revenue	$10,423,469	$6,764,426	+0.5%
Expenses	$8,760,281	$5,867,521	+0.5%
Net Income	$1,663,188	$896,905	+0.9%

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

Volunteers

N/A

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

Total Directors

$328,218

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINE KONDOLEON	TRUSTEE	0.50	Director	$0	$0	$0
DAPHNE HATSOPOULOS	CHAIR	1.00	Officer Director	$0	$0	$0
BRIAN MARTENS	TRUSTEE	0.50	Director	$0	$0	$0
ANDREA HANNON BROWN	TRUSTEE	0.50	Director	$0	$0	$0
YANNIS IOANNIDES	TRUSTEE	0.50	Director	$0	$0	$0
ANASTASSIS DAVID	TRUSTEE	0.50	Director	$0	$0	$0
COSTAS PETROPOULOS	TRUSTEE	0.50	Director	$0	$0	$0
DIMITRI GONDICAS	TRUSTEE	0.50	Director	$0	$0	$0
LAETITIA LA FOLLETTE	TRUSTEE	0.50	Director	$0	$0	$0
ELIAS SAMARAS	TRUSTEE	0.50	Director	$0	$0	$0
YIANNIS MONOVOUKAS	TRUSTEE	0.50	Director	$0	$0	$0
ALEX MOISSIS	TRUSTEE	0.50	Director	$0	$0	$0
LENA PAPALEXOPOULOU	TRUSTEE	0.50	Director	$0	$0	$0
PETER S ALLEN	TREASURER	1.00	Officer Director	$0	$0	$0
NICHO HATSOPOULOS	SECRETARY	1.00	Officer Director	$0	$0	$0
ALEXIS PHYLACTOPOULOS	TRUSTEE	40.00	Director	$222,636	$40,800	$328,218
THEO MELAS-KYRIAZI	TRUSTEE	0.50	Director	$0	$0	$0
ELAINE PAPOULIAS	TRUSTEE	0.50	Director	$0	$0	$0
GERRY RANGLAS	TRUSTEE	0.50	Director	$0	$0	$0
ENDY ZEMENIDES	TRUSTEE	0.50	Director	$0	$0	$0
GEORGE KOMODIKIS	TRUSTEE	0.50	Director	$0	$0	$0
MICHAEL BLETSAS	TRUSTEE	0.50	Director	$0	$0	$0
EVITA ARAPOGLOU	TRUSTEE	0.50	Director	$0	$0	$0
PETER ZARIFES	TRUSTEE	0.50	Director	$0	$0	$0
DEBORAH WINCE-SMITH	TRUSTEE	0.50	Director	$0	$0	$0

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	$10,423,469	$8,760,281	$8,920,517	$1,663,188
2022	$6,764,426	$5,867,521	$7,148,407	$896,905
2021	$2,268,792	$1,718,245	$6,112,559	$550,547
2020	$6,589,566	$4,855,567	$5,463,107	$1,733,999
2019	$6,521,020	$5,503,408	$4,729,984	$1,017,612