Modern Greek Studies Assoc Inc

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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

1970

Legal Domicile

Principal Officer

EVANGELOS CALOTYCHOS

Phone

4013510257

Tax Period

2023-01-01 to 2023-12-31

Modern Greek Studies Assoc Inc, founded in 1970, is a micro nonprofit that reported $27K in total revenue in fiscal year 2023. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $63K exceeded revenue, resulting in a 133% operating deficit.

Mission

None

Program Service Accomplishments

Program 1

Expenses: $49,291

The MGSA published two issues of its journal, the Journal of Modern Greek Studies, and distributed it to 300 members as well as subscribing educational institutions. Its committees administered an...

The MGSA published two issues of its journal, the Journal of Modern Greek Studies, and distributed it to 300 members as well as subscribing educational institutions. Its committees administered an Innovation Grant Fund and awarded two (2) innovation grants, convened a pedagogy workshop, oversaw a listserv, and updated educational and bibliographical resources on its website.

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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 $7,660

Program Service Revenue $0

Investment Income $19,440

Other Revenue $0

TOTAL REVENUE $27,100

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,300

Fundraising Expenses $0

Program Expenses $49,291

Other Expenses $44,831

TOTAL EXPENSES $63,131

Year-over-Year Comparison

	2023	2022	Change
Revenue	$27,100	$71,258	-0.6%
Expenses	$63,131	$65,942	0.0%
Net Income	$-36,031	$5,316	-7.8%

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
TOM PAPADEMETRIOU	Board Member	4.00	Director	$0	$0	$0
DESPINA LALAKI	Board Member	3.00	Director	$0	$0	$0
OTHON ALEXANDRAKIS	Board Member	2.00	Director	$0	$0	$0
LISSI ATHANASIOU-KRIKELIS	Board Member	2.00	Director	$0	$0	$0
EUGENIA GEORGES	Board Member	2.00	Director	$0	$0	$0
FRANKLIN HESS	Board Member	2.00	Director	$0	$0	$0
ROLAND S MOORE	Board Member	2.00	Director	$0	$0	$0
WILL STROEBEL	Board Member	2.00	Director	$0	$0	$0
AMANDA KUBIC	Board Member	2.00	Director	$0	$0	$0
SAKIS GEKAS	Treasurer	2.00	Officer	$0	$0	$0
NEOVI KARAKATSANIS	Vice President	2.00	Officer	$0	$0	$0
KATERINA LAGOS	President	3.00	Officer	$0	$0	$0
EVANGELOS CALOTYCHOS	Executive Director	20.00	Officer	$0	$0	$0
FEVRONIA K SOUMAKIS	Secretary	3.00	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	No data	No data	No data	No data
2023	$27,100	$63,131	$813,684	$-36,031
2022	$71,258	$65,942	$765,112	$5,316
2021	$82,315	$43,915	$863,002	$38,400
2020	$23,066	$37,874	$758,600	$-14,808
2019	$99,299	$64,813	$750,923	$34,486
2018	$37,496	$47,982	$626,364	$-10,486