ANNUNCIATION GREEK ORTHODOX CHURCH… - 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

2006

Legal Domicile

Principal Officer

PAT GALANIS

Phone

4144619400

Tax Period

2024-01-01 to 2024-12-31

ANNUNCIATION GREEK ORTHODOX CHURCH FOUNDATION INC, founded in 2006, is a small nonprofit in the Religion sector that reported $242K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $271K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO RAISE MONIES TO RETIRE CAPITAL DEBT AND TO FUND CAPITAL IMPROVEMENTS OF ANNUNCIATION GREEK ORTHODOX CHURCH MILWAUKEE

Program Service Accomplishments

Program 1

Expenses: $263,764

THE STABILIZATION PROJECT IS IN THE PROCESS OF COMPLETING THE REPAIR OF THE CHURCH ROOF AND PLAZA/STAIRS IN SPRING.

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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 $128,414

Program Service Revenue $0

Investment Income $41,939

Other Revenue $72,052

TOTAL REVENUE $242,405

Expense Breakdown

Grants Paid $263,713

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $263,764

Other Expenses $7,610

TOTAL EXPENSES $271,323

Year-over-Year Comparison

	2024	2023	Change
Revenue	$242,405	$220,112	+0.1%
Expenses	$271,323	$144,251	+0.9%
Net Income	$-28,918	$75,861	-1.4%

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
PAT GALANIS	PRESIDENT	1.00	Officer Director	$0	$0	$0
KOSTA ZERVAS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DEAN COUPOLOUS	TREASURER	1.00	Officer Director	$0	$0	$0
CHRISTINA DEMAKOPOULOUS	SECRETARY	1.00	Officer Director	$0	$0	$0
MARIA PANDAZI	DIRECTOR	1.00	Director	$0	$0	$0
FR CIPRIAN SAS	DIRECTOR	1.00	Director	$0	$0	$0
NICHOLAS LOGARAKIS	DIRECTOR	1.00	Director	$0	$0	$0
EVEYLN PAPPAS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL STAVROPOULOS	DIRECTOR	1.00	Director	$0	$0	$0
NORMAN D ECKSTAEDT	DIRECTOR	1.00	Director	$0	$0	$0
JOHN TOPETZES	DIRECTOR	1.00	Director	$0	$0	$0
VICTOR FRANGOPOULOS	DIRECTOR	1.00	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	$242,405	$271,323	$646,277	$-28,918
2023	$220,112	$144,251	$675,264	$75,861
2022	$62,550	$701,890	$599,403	$-639,340
2021	$865,762	$185,350	$1,238,743	$680,412
2020	$62,570	$9,315	$557,508	$53,255
2019	$407,923	$108,458	$503,862	$299,465

ANNUNCIATION GREEK ORTHODOX CHURCH FOUNDATION INC