Trustees of the American School of… - 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

1881

Legal Domicile

Principal Officer

William T Loomis

Phone

6094546814

Tax Period

2023-07-01 to 2024-06-30

Trustees of the American School of Classical Studies at Athens, founded in 1881, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $14.0M in total revenue in fiscal year 2023. Revenue surged 53% from the prior year, signaling strong growth momentum. Net assets of $228.9M represent 196 months of operating reserves.

Mission

The broad mission of the ASCSA has remained constant over its distinguished history: teaching research archaeological exploration publication and dissemination of research. Founded in 1881 the ASCSA provides graduate students and scholars from a consortium of nearly 200 leading North American colleges universities and research institutions a base for research and study in Greece.

Program Service Accomplishments

Program 1

Expenses: $2,279,604 Revenue: $1,784,775

Instructional and Student Services: The School is a non-degree granting overseas research institution with a 9-month program of study for approximately 20 graduate-level students an independent study facility for over 80 post-graduate scholars one 6-week summer program for about 20 students and teachers and two 3-week summer programs with approximately 15 students in each. In addition there are study trips made available to students and visiting scholars. The School maintains approximately 4 full-year faculty on site each year.

Program 2

Expenses: $5,653,204 Revenue: $4,635,537

Excavations: The School maintains two year-round excavation sites in the Athenian Agora and at Ancient Corinth. In the spring approximately 20 students take part in three 4-week excavation sessions at Corinth and during the summer approximately 40 students take part in an 8-week excavation season at the Agora. Both excavations maintain archaeological collections which are overseen by the Greek Archaeological Service.

Program 3

Expenses: $3,985,320 Revenue: $1,828,847

Publication and Libraries: The American School maintains and operates two research libraries holding about 268,000 volumes in total. The Blegen Library has one of the most complete collections in the world for research in the civilization of ancient Greece. The Gennadius Library houses both volumes and electronic resources which comprise one of the most significant collections for the study of Hellenic civilization after the end of antiquity. The School publishes scholarly research in the form of books 3-5 volumes per year and a quarterly journal.

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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 $5,687,567

Program Service Revenue $648,039

Investment Income $7,420,763

Other Revenue $292,308

TOTAL REVENUE $14,048,677

Expense Breakdown

Grants Paid $594,365

Salaries & Benefits $5,762,012

Fundraising Expenses $895,729

Program Expenses $11,918,128

Other Expenses $7,982,032

TOTAL EXPENSES $14,338,409

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,048,677	$9,184,944	+0.5%
Expenses	$14,338,409	$11,582,556	+0.2%
Net Income	$-289,732	$-2,397,612	-0.9%

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

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

$755,464

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
F Beinecke	Trustee	0.00	Director	$0	$0	$0
C Mauzy	Excavation Deputy Director	40.00	Highest	$106,676	$28,380	$135,056
R Burke	Mellon Professor	40.00	Highest	$132,925	$53,577	$186,502
B Wescoat	Director of School	40.00	Key Emp	$0	$41,538	$41,538
M Lefkowitz	Trustee	0.00	Director	$0	$0	$0
R Maguire	Trustee	0.00	Director	$0	$0	$0
G Marcus	Trustee	0.00	Director	$0	$0	$0
T Melas-Kyriazi	Trustee	0.00	Director	$0	$0	$0
S Missoffe	Trustee	0.00	Director	$0	$0	$0
A Packard-Martell	Trustee	0.00	Director	$0	$0	$0
W Slaughter	Trustee	0.00	Director	$0	$0	$0
C Steinmetz	Trustee	0.00	Director	$0	$0	$0
P Tamvakakis	Trustee	0.00	Director	$0	$0	$0
A Zombanakis	Trustee	0.00	Director	$0	$0	$0
K Yatrakis	Trustee	0.00	Director	$0	$0	$0
P Panos euro salaried Note Sch J	General Manager	40.00	Key Emp	$180,276	$26,113	$206,389
G Orfanakos	Executive Director	40.00	Key Emp	$283,073	$28,242	$311,315
M Schneller	Director of Finance and Administration	40.00	Key Emp	$153,059	$43,163	$196,222
J Camp	Trustee	0.00	Director	$0	$0	$0
M Georgopoulou	Library Director	40.00	Highest	$114,229	$82,748	$196,977
A Zagoreos	Chairman	2.00	Officer Director	$0	$0	$0
W Loomis	President	12.00	Officer Director	$0	$0	$0
C Dakolias	Treasurer	0.00	Officer Director	$0	$0	$0
J McCabe	Secretary	0.00	Officer Director	$0	$0	$0
S Andris	Trustee	0.00	Director	$0	$0	$0
J Buikstra	Trustee	0.00	Director	$0	$0	$0
J Cohen	Trustee	0.00	Director	$0	$0	$0
H Davis	Trustee	0.00	Director	$0	$0	$0
J Davis	Trustee	0.00	Director	$0	$0	$0
R Desnick	Trustee	0.00	Director	$0	$0	$0
A Georges	Trustee	0.00	Director	$0	$0	$0
G Lavender	Trustee	0.00	Director	$0	$0	$0
M Lawall	Trustee	20.00	Director	$0	$0	$0
K Shanmugam	Trustee	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
2025	No data	No data	No data	No data
2024	$14,048,677	$14,338,409	$230,009,662	$-289,732
2023	$9,184,944	$11,582,556	$219,221,964	$-2,397,612
2022	$26,781,084	$14,054,569	$208,545,974	$12,726,515
2021	$19,337,995	$10,080,328	$225,411,087	$9,257,667

Trustees of the American School of Classical Studies at Athens