MAKARIOS SCHOLARSHIP FUND 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

1978

Legal Domicile

Phone

2126964590

Tax Period

2023-10-01 to 2024-09-30

MAKARIOS SCHOLARSHIP FUND INC, founded in 1978, is a small nonprofit that reported $145K in total revenue in fiscal year 2023. The organization ran a surplus of $134K, a strong 93% operating margin.

Mission

TO AWARD SCHOLARSHIPS TO NEEDY AND WORTHY INDIVIDUALS WHO ARE PURSUING AN UNDERGRADUATE OR GRADUATE DEGREE IN THE UNITED STATES.

Program Service Accomplishments

Program 1

Expenses: $10,000

TO AWARD SCHOLARSHIPS TO NEEDY AND WORTHY INDIVIDUALS WHO ARE PURSUING AN UNDERGRADUATE DEGREE AT AN ACCREDITED COLLEGE OR UNIVERSITY IN THE UNITED STATES.

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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 $0

Program Service Revenue $0

Investment Income $21,240

Other Revenue $123,650

TOTAL REVENUE $144,890

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $10,000

Other Expenses $10,628

TOTAL EXPENSES $10,628

Year-over-Year Comparison

	2023	2022	Change
Revenue	$144,890	N/A	N/A
Expenses	$10,628	N/A	N/A
Net Income	$134,262	N/A	N/A

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
ANDRY IOANNOU DALLAGO	Executive Dir.	10.00	Director	$0	$0	$0
SAVAS C TSIVICOS	BOARD MEMBER	0.50	Director	$0	$0	$0
PANTELIS ATHANASIOU	BOARD MEMBER	0.00	Director	$0	$0	$0
NICOS ZITTIS	President	5.00	Director	$0	$0	$0
Michael Hadjiloucas	BOARD MEMBER	0.50	Director	$0	$0	$0
DR JASON J PSILLAKIS	BOARD MEMBER	0.50	Director	$0	$0	$0
Sharon Landgraf	BOARD MEMBER	0.00	Director	$0	$0	$0
ZENON CHRISTODOULOU	BOARD MEMBER	0.00	Director	$0	$0	$0
ELENA ANASTASIOU ROSSI	BOARD MEMBER	0.00	Director	$0	$0	$0
CHARLES ANASTASIOU	BOARD MEMBER	0.50	Director	$0	$0	$0
MARO NICOLAOU SCHUSTER	BOARD MEMBER	0.00	Director	$0	$0	$0
ANDREAS D COMODROMOS	BOARD MEMBER	0.50	Director	$0	$0	$0
Pannie Trifillis	BOARD MEMBER	0.00	Director	$0	$0	$0
ANDREW C ZACHARIADES	BOARD MEMBER	0.00	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
2024	$144,890	$10,628	$767,385	$134,262
2023	$40,992	$15,555	$625,722	$25,437
2022	$18,883	$86,291	$600,285	$-67,408
2021	$96,729	$16,154	$683,593	$80,575
2019	$44,347	$23,322	$686,120	$21,025
2018	$16,891	$29,148	$671,995	$-12,257