GREEKTOWN NEIGHBORHOOD PARTNERSHIP (EIN 203221715) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

ATHINA PAPAS

Phone

3132097572

Tax Period

2023-01-01 to 2023-12-31

GREEKTOWN NEIGHBORHOOD PARTNERSHIP, founded in 2005, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $10.6M in total revenue in fiscal year 2023. Revenue surged 3334% from the prior year, signaling strong growth momentum. The organization ran a surplus of $10.0M, a strong 94% operating margin.

Mission

GREEKTOWN NEIGHBORHOOD PARTNERSHIP IS A NONPROFIT ORGANIZATION DEDICATED TO THE LONG-TERM ECONOMIC AND CULTURAL VIBRANCY OF GREEKTOWN. THROUGH PARTNERSHIPS, WE ADVANCE THE EQUITABLE DEVELOPMENT OF THE DISTRICT THROUGH COMMUNITY AND ECONOMIC DEVELOPMENT PROGRAMS, ALL WHILE CELEBRATING OUR CULTURAL ROOTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $10,631,026

Program Service Revenue $0

Investment Income $0

Other Revenue $7,318

TOTAL REVENUE $10,638,344

Expense Breakdown

Grants Paid $0

Salaries & Benefits $123,376

Fundraising Expenses $0

Program Expenses $587,855

Other Expenses $537,665

TOTAL EXPENSES $661,041

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,638,344	$309,819	+33.3%
Expenses	$661,041	$507,918	+0.3%
Net Income	$9,977,303	$-198,099	-51.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$103,189

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ATHINA PAPAS	CHAIRPERSON/PRESIDENT	2.00	Officer Director	$0	$0	$0
ANESTIS TEFTSIS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CHRISTOS MOISIDES	VICE PRESIDENT/TREASURER	2.00	Officer Director	$0	$0	$0
OCTAVEIOUS MILES	SECRETARY	2.00	Officer Director	$0	$0	$0
MARVIN BEATTY	TREASURER	2.00	Officer Director	$0	$0	$0
EILEEN IANNONE	BOARD MEMBER	2.00	Director	$0	$0	$0
MELANIE A MARKOWICZ	EXECUTIVE DIRECTOR	40.00	Officer	$103,189	$0	$103,189

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	No data	No data	No data	No data
2023	$10,638,344	$661,041	$10,264,443	$9,977,303
2022	$309,819	$507,918	$209,207	$-198,099
2021	$260,795	$308,047	$376,978	$-47,252
2020	$202,093	$148,916	$423,378	$53,177
2018	$507,511	$534,508	$63,446	$-26,997

GREEKTOWN NEIGHBORHOOD PARTNERSHIP