BALKAN CULTURAL CENTER

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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

2006

Legal Domicile

Principal Officer

ERSI DANOU

Phone

3105288214

Tax Period

2024-01-01 to 2024-12-31

BALKAN CULTURAL CENTER, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $266K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $254K left a modest 5% surplus.

Mission

RAISING AWARENESS OF THE GREEK CULTURE AND OTHER CULTURES OF THE BALKANS AND THE EASTERN MEDITTERRANEAN REGION THROUGH FILMS, FESTIVALS AND RELATED MEDIA OUTLETS.

Program Service Accomplishments

Program 1

Expenses: $241,570 Revenue: $266,274

THE MAIN PROGRAM SERVICE ACCOUMPLISHMENT WAS PROVIDED AT THE 18TH LOS ANGELES GREEK FILM FESTIVAL. THE SCREENING OF FILMS DURING THE FILM FESTIVAL. THERE WERE OVER 70 FILMS THAT WERE SCREENED AT...

THE MAIN PROGRAM SERVICE ACCOUMPLISHMENT WAS PROVIDED AT THE 18TH LOS ANGELES GREEK FILM FESTIVAL. THE SCREENING OF FILMS DURING THE FILM FESTIVAL. THERE WERE OVER 70 FILMS THAT WERE SCREENED AT UCLAS BRIDGES THEATER, LA LIVE REGAL THEATER, AND THE PACIFIC DESIGN CENTER. THE FILM FESTIVAL TOOK PLACE FROM JUNE 1ST TO JUNE 9TH, 2024. IN ADDITION, A VIRTUAL VERSION OF THE 18TH LAGFF ALSO TOOK PLACE FROM JUNE 10TH TO JUNE 17TH, 2024, VIA THE EVENTIVE STREAMING PLATFORM. OTHER ACTIVITIES DURING THE 18TH LAGFF INCLUDED A FILMMAKERS NETWORKING EVENT, AND TWO FREE VIRTUAL PANELS ON: CULTURAL INTEGRITY AND PROTECTING YOUR INTELLECTUAL PROPERTY INTERNATIONALLY BY CAROL CONTES.

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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 $229,485

Program Service Revenue $36,776

Investment Income $0

Other Revenue $0

TOTAL REVENUE $266,261

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $241,570

Other Expenses $253,976

TOTAL EXPENSES $253,976

Year-over-Year Comparison

	2024	2023	Change
Revenue	$266,261	$301,138	-0.1%
Expenses	$253,976	$350,177	-0.3%
Net Income	$12,285	$-49,039	-1.3%

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

N/A

Independent Members

N/A

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

$22,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERSI DANOU	PRESIDENT	5.00	Officer	$22,000	$0	$22,000
ALEX KALOGNOMOS	TREASURER	1.35	Officer	$0	$0	$0
LIA BOZONELIS	BOARD MEMBER	1.00	Officer	$0	$0	$0
KARY ANTHOLIS	BOARD MEMBER	1.00	Officer	$0	$0	$0
GREG YAITANES	BOARD MEMBER	1.00	Officer	$0	$0	$0
CHRISTINA KOUNELIAS	BOARD MEMBER	1.00	Officer	$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	$266,261	$253,976	$12,285	$12,285
2023	$301,138	$350,177	No data	$-49,039
2022	$275,715	$221,911	$202,050	$53,804