AGGANIS FOUNDATION INC (EIN 202059030) - Form 990 Financial Analysis & Trantor Score

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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

2004

Legal Domicile

Principal Officer

ANDREW T DEMAKES

Phone

7815937311

Tax Period

2024-01-01 to 2024-12-31

AGGANIS FOUNDATION INC, founded in 2004, is a small nonprofit in the Education sector that reported $348K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $199K, a strong 57% operating margin.

Mission

TO PROVIDE COLLEGE SCHOLARSHIPS TO DESEVING STUDENT ATHLETES

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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 $70,000

Program Service Revenue $0

Investment Income $44,083

Other Revenue $233,990

TOTAL REVENUE $348,073

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $137,263

Other Expenses $149,286

TOTAL EXPENSES $149,286

Year-over-Year Comparison

	2024	2023	Change
Revenue	$348,073	$447,023	-0.2%
Expenses	$149,286	$154,688	0.0%
Net Income	$198,787	$292,335	-0.3%

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
GREGORY J AGGANIS	CHAIRMAN	N/A	Officer Director	$0	$0	$0
REBAKAH A BENOWICZ	DIRECTOR	N/A	Director	$0	$0	$0
ANDREW T DEMAKES	PRESIDENT	N/A	Officer Director	$0	$0	$0
THOMAS C DEMAKIS	CLERK	N/A	Officer Director	$0	$0	$0
JEREMY P HMURA	TREASURER &	N/A	Officer Director	$0	$0	$0
THOMAS P IARROBINO	DIRECTOR	N/A	Director	$0	$0	$0
JOHN KEENAN	DIRECTOR	N/A	Director	$0	$0	$0
PETER C PEDRO	DIRECTOR	N/A	Director	$0	$0	$0
HANNAH SHAIEVITZ	DIRECTOR	N/A	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	$348,073	$149,286	$1,869,839	$198,787
2023	$447,023	$154,688	$1,683,552	$292,335
2022	$265,924	$513,404	$1,391,216	$-247,480
2021	$354,684	$143,674	$1,642,197	$211,010
2020	$263,338	$154,416	$1,430,937	$108,922
2019	$417,888	$233,020	$1,322,015	$184,868
2018	$27,000	$141,626	$1,137,147	$-114,626
2017	$289,057	$125,436	$1,251,323	$163,621

AGGANIS FOUNDATION INC