GREEK INSTITUTE 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

1988

Legal Domicile

Phone

6175474770

Tax Period

2020-01-01 to 2020-12-31

GREEK INSTITUTE INC, founded in 1988, is a micro nonprofit that reported $63K in total revenue in fiscal year 2020. Revenue decreased 15% compared to the prior year. Expenses of $73K exceeded revenue, resulting in a 16% operating deficit.

Mission

The Greek Institute is dedicated to the study and teaching of the Greek language, literature and culture. All expenses of the Greek Institute accomplish this purpose.

Program Service Accomplishments

Program 1

Expenses: $37,877 Revenue: $45,633

TUITION: The Greek Institute tuition program is one of the core programs serviced. We believe that it is though language that one may come closest to learning about culture. The institute offers...

TUITION: The Greek Institute tuition program is one of the core programs serviced. We believe that it is though language that one may come closest to learning about culture. The institute offers courses throughout the year in Homeric, Classical, and New Testament, and Modern Greek taking in to consideration the culture as a whole from antiguity to the present.

Program 2

Expenses: $8,362 Revenue: $2,254

The Greek Institute concert program aims to serve as a cultured outreach to the community as a whole. We believe that music transcends barriers and communicates the most basic elements and values of...

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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 (2020)

Revenue Breakdown

Contributions & Grants $3,032

Program Service Revenue $49,163

Investment Income $0

Other Revenue $10,705

TOTAL REVENUE $62,900

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $70,744

Other Expenses $72,694

TOTAL EXPENSES $72,694

Year-over-Year Comparison

	2020	2019	Change
Revenue	$62,900	$74,173	-0.2%
Expenses	$72,694	$84,314	-0.1%
Net Income	$-9,794	$-10,141	0.0%

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

N/A

Employees

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICK LYRIST	TREASURER	1	Director	$0	$0	$0
GEORGE ANAGNOSTOPOULOS	DIRECTOR	1	Director	$0	$0	$0
STEVEN YEONAS	DIRECTOR	1	Director	$0	$0	$0
MARIA ANAGNOSTOPOULOS	PROGRAM DIRECTOR	40	Officer	$0	$0	$0
DEMETRA ANAGNOSTOPOULOS	DIRECTOR	30	Officer	$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
2020	$62,900	$72,694	$188,154	$-9,794