KARDAMYLIAN FOUNDATION 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

1999

Legal Domicile

Phone

4402380222

Tax Period

2023-01-01 to 2023-12-31

KARDAMYLIAN FOUNDATION INC, founded in 1999, is a micro nonprofit in the International Affairs sector that reported $32K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $74K exceeded revenue, resulting in a 130% operating deficit.

Mission

TO ESTABLISH, DEVELOP, FUND, AND SUPPORT EDUCATIONAL AND CHARITABLE ACTIVITIES FOR THE BENEFIT OF THE VILLAGE OF KARDAMYLA, LOCATED ON THE ISLAND OF CHIOS, GREECE. THE ACTIVITIES AND PROGRAMS OF THE FOUNDATION WILL INCLUDE PROVIDING SCHOLARSHIPS FOR KARDAMYLIAN STUDENTS, BUILDING AND RESTORING PUBLIC BUILDINGS AND/OR INFRASTRUCTURE, PUBLIC COLLECTIONS OF SOCIAL, HISTORICAL, AND CULTURAL SIGNIFICANCE, SUPPORTING AND PROMOTING THE PRESERVATION OF KARDAMYLIAN ART AND CULTURES, AND EDUCATING THE PUBLIC ABOUT KARDAMYLIAN HISTORY AND CULTURE.

Program Service Accomplishments

Program 1

Expenses: $1,858

THIS GRANT WAS USED TO RENOVATE CLASSROOMS, PLAYGROUND AND OTHER AREAS IN THE SCHOOL WHICH UPGRADED THE SCHOOL INFRASTRUCTURE AND ENHANCED THE FACILITIES FOR THE EDUCATION OF THE YOUTH.

Program 2

Expenses: $5,518

GRANT TO THE VILLAGE OF KARDAMYLA. THIS GRANT WAS USED FOR AN RESTORATION OF THE KARDAMYLA POLICE STATION.

Program 3

Expenses: $6,622

GRANT TO ST. MARINA KARDAMYLA CARE HOME (NONPROFIT ORGANIZATION), A NURSING HOME FOR THE ELDERLY BASED IN KARDAMYLA. THE PURPOSE OF THIS DONATION IS TO ASSIST IN THE CASH FLOW PROBLEMS OF THE...

GRANT TO ST. MARINA KARDAMYLA CARE HOME (NONPROFIT ORGANIZATION), A NURSING HOME FOR THE ELDERLY BASED IN KARDAMYLA. THE PURPOSE OF THIS DONATION IS TO ASSIST IN THE CASH FLOW PROBLEMS OF THE ORGANIZATION IN ORDER TO AVOID THE CLOSURE OF THE INSTITUTION AND TO PROVIDE THE BEST POSSIBLE SERVICES FOR THE ELDERLY KARDAMYLIANS WHO LIVE THERE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $25,313

Program Service Revenue $0

Investment Income $7,023

Other Revenue $0

TOTAL REVENUE $32,336

Expense Breakdown

Grants Paid $65,021

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $65,021

Other Expenses $9,444

TOTAL EXPENSES $74,465

Year-over-Year Comparison

	2023	2022	Change
Revenue	$32,336	$29,229	+0.1%
Expenses	$74,465	$66,958	+0.1%
Net Income	$-42,129	$-37,729	+0.1%

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

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
VLASIS ANASTASIOU	ASST TREASUR	N/A	Officer Director	$0	$0	$0
APOSTOLOS BOULAS	ASST SECRETA	N/A	Officer Director	$0	$0	$0
N/A	2ND VP	N/A	Officer Director	$0	$0	$0
N/A	1ST VP	N/A	Officer Director	$0	$0	$0
SPYROS PAPADAKIS	GEN SECRETAR	N/A	Officer Director	$0	$0	$0
N/A	PRESIDENT	N/A	Officer Director	$0	$0	$0
VYRON VARONIS	TREASURER	N/A	Officer Director	$0	$0	$0
MICHAEL APOSTOLIS	TRUSTEE	N/A		$0	$0	$0
N/A	TRUSTEE	N/A		$0	$0	$0
N/A	TRUSTEE	N/A		$0	$0	$0
N/A	TRUSTEE	N/A		$0	$0	$0
NTOMATA SIDERIS	TRUSTEE	N/A		$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
2024	No data	No data	No data	No data
2023	$32,336	$74,465	$966,119	$-42,129
2022	$29,229	$66,958	$967,197	$-37,729
2021	$90,613	$145,228	$1,021,844	$-54,615
2020	$141,238	$130,611	$1,038,685	$10,627
2019	$64,930	$56,745	$1,018,023	$8,185
2018	$-55,134	$68,152	$953,586	$-123,286