CYCLADIC ART FOUNDATION CO FORVIS … - Form 990 Financial Data

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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

1995

Legal Domicile

Phone

2125896000

Tax Period

2024-01-01 to 2024-12-31

CYCLADIC ART FOUNDATION CO FORVIS MAZARS LLP, founded in 1995, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 283% from the prior year, signaling strong growth momentum. The organization ran a surplus of $991K, a strong 90% operating margin.

Mission

THE PURPOSE OF THE FOUNDATION IS TO DEVOTE AND APPLY ITS INCOME TO CHARITABLE AND EDUCATIONAL PURPOSES INCLUDING BUT NOT LIMITED TO ENCOURAGING RESEARCH, STUDY AND DISSEMINATION OF INFORMATION, AND GREATER UNDERSTANDING OF CYCLADIC AND ANCIENT GREEK ART BY CONTRIBUTIONS TO ORGANIZATIONS DULY AUTHORIZED TO CARRY ON CHARITABLE OR EDUCATIONAL ACTIVITIES. THE FOUNDATION WILL FOCUS ON SUPPORTING SPECIFIC PROJECTS SUCH AS RESEARCH PROJECTS, ART PROJECTS, MUSEUM AND OTHER EXHIBITIONS CONCERNING PRIMARILY CYCLADIC ART.

Program Service Accomplishments

Program 1

Expenses: $78,935

THE ORGANIZATION PROVIDED SUPPORT TO THE MUSEUM OF CYCLADIC ART. IN ADDITION, THE ORGANIZATION SPONSORED INTERNSHIPS AND OTHER AWARDS AS PART OF ITS MISSION.

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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 $964,315

Program Service Revenue $0

Investment Income $357,097

Other Revenue $-222,692

TOTAL REVENUE $1,098,720

Expense Breakdown

Grants Paid $78,935

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $78,935

Other Expenses $28,918

TOTAL EXPENSES $107,853

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,098,720	$287,014	+2.8%
Expenses	$107,853	$352,119	-0.7%
Net Income	$990,867	$-65,105	-16.2%

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

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
JOHN GEORGE COUMANTAROS	PRESIDENT / CHAIRMAN	2.5	Officer Director	$0	$0	$0
PANTELIS GASPARAKIS	TRUSTEE/SECRETARY/TREASURER	2.5	Officer Director	$0	$0	$0
GEORGE P STAMAS	TRUSTEE (THRU 3 /14/24)	2.5	Director	$0	$0	$0
KATHERINE EMBIRICOS LEFRAK	TRUSTEE	2.5	Director	$0	$0	$0
MARIA C LOS	TRUSTEE	2.5	Director	$0	$0	$0
PETER JOHN GOULANDRIS	TRUSTEE (FROM 3/14/24)	2.5	Director	$0	$0	$0
SANDRA MARINOPOULOU	TRUSTEE	2.5	Director	$0	$0	$0
STACEY SOTIRHOS GONEOS	TRUSTEE	2.5	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	$1,098,720	$107,853	$2,833,007	$990,867
2023	$287,014	$352,119	$1,975,100	$-65,105
2022	$240,163	$346,970	$1,838,639	$-106,807
2021	$74,444	$32,016	$2,385,497	$42,428
2020	$98,675	$238,279	$1,914,393	$-139,604
2019	$434,397	$81,434	$1,808,581	$352,963
2018	$197,719	$380,786	$1,174,546	$-183,067

CYCLADIC ART FOUNDATION CO FORVIS MAZARS LLP