SPITI MANAGEMENT COMPANY 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

1993

Legal Domicile

Principal Officer

STACY BLIAGOS

Phone

2128408005

Tax Period

2024-07-01 to 2025-06-30

SPITI MANAGEMENT COMPANY INC, founded in 1993, is a community nonprofit in the Housing & Shelter sector that reported $2.5M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $2.3M left a modest 5% surplus.

Mission

THE ORGANIZATION WAS INCORPORATED TO PROVIDE ASSISTANCE AND SERVICES TO COMMUNITY GROUPS, INCLUDING THE INITIAL DEVELOPMENT, MANAGEMENT AND MAINTENANCE OF LOW AND MODERATE INCOME HOUSING AS A SUPPORTING ORGANIZATION TO HANAC, INC., AN AFFILIATE.

Program Service Accomplishments

Program 1

Expenses: $1,787,589 Revenue: $2,421,709

FORMED FOR THE PURPOSE OF PROPERTY MANAGEMENT AND SECURITY SERVICES FOR OUR SENIOR RESIDENCES AND OTHER HANAC PROGRAMS. ADMINISTERS THE OPERATIONS, RENTAL, MAINTENANCE AND SECURITY OF THE FACILITIES.

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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 $0

Program Service Revenue $2,421,709

Investment Income $45,823

Other Revenue $0

TOTAL REVENUE $2,467,532

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,244,419

Fundraising Expenses $0

Program Expenses $1,787,589

Other Expenses $100,491

TOTAL EXPENSES $2,344,910

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,467,532	$2,190,664	+0.1%
Expenses	$2,344,910	$2,189,489	+0.1%
Net Income	$122,622	$1,175	+103.4%

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

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

$397,077

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEMETRIA TSAGARIS	BOARD MEMBER	0.25	Director	$0	$0	$0
DENNIS YUELYS	TREASURER	0.25	Officer Director	$0	$0	$0
EVANGELINE DOURIS	BOARD MEMBER	0.25	Director	$0	$0	$0
HELENE O CALOIR	SECRETARY	0.25	Officer Director	$0	$0	$0
NICHOLAS TJARTJALIS	VICE PRESIDENT	0.25	Officer Director	$0	$0	$0
NIKITAS DRAKOTOS	BOARD MEMBER	0.25	Director	$0	$0	$0
TAMMY BERENTSON	INTERIM CHAIRMAN/PRESIDENT	1.00	Officer Director	$0	$0	$0
LOLA MAROULIS	CFO	5.00	Officer	$0	$22,125	$196,482
STACY BLIAGOS	EXECUTIVE DIRECTOR	14.00	Officer	$105,714	$25,287	$200,595

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	$2,467,532	$2,344,910	$2,219,494	$122,622
2024	$2,190,664	$2,189,489	$1,860,796	$1,175
2023	$2,140,737	$2,120,685	$1,681,371	$20,052
2022	$2,311,526	$2,306,398	$1,154,769	$5,128
2021	$2,214,088	$2,212,644	$680,394	$1,444
2020	$2,176,611	$2,176,608	$456,670	$3
2019	$2,023,077	$2,034,531	$319,434	$-11,454
2018	$1,622,821	$1,631,518	$195,735	$-8,697