HELLENIC SOCIETY PAIDEIA 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

1993

Legal Domicile

Principal Officer

ILIAS TOMAZOS

Phone

8604298518

Tax Period

2023-01-01 to 2023-12-31

HELLENIC SOCIETY PAIDEIA INC, founded in 1993, is a small nonprofit in the Public & Societal Benefit sector that reported $536K in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $157K, a strong 29% operating margin.

Mission

PROMOTION OF HELLENIC EDUCATION

Program Service Accomplishments

Program 1

Expenses: $61,273 Revenue: $84,647

CONSTRUCTION OF FOUR STRUCTURES LOCATED AT 23 DOG LANE, STORRS, CT, ON THE UNIVERSITY OF CONNECTICUT STORRS CAMPUS, ONE EDUCATIONAL BUILDING FOR HELLENIC STUDIES, ONE GREEK OTHODOX CHAPEL, AN OPEN...

CONSTRUCTION OF FOUR STRUCTURES LOCATED AT 23 DOG LANE, STORRS, CT, ON THE UNIVERSITY OF CONNECTICUT STORRS CAMPUS, ONE EDUCATIONAL BUILDING FOR HELLENIC STUDIES, ONE GREEK OTHODOX CHAPEL, AN OPEN AIR GREEK THEATER, AND A MUSEUM, WITH MOST OF THE WORK BEING DONE EXTENSIVELY BY VOLUNTEER WORKERS.

Program 2

PROVIDE PROGRAMS FOR HELLENIC EDUCATION, HISTORY, CULTURE AND RELIGION. PREPARING THE PRODUCTION OF STUDIES OF COMMUNITY CHURCHES WITH VOLUNTEERS

Program 3

Expenses: $318,031 Revenue: $273,823

ORGANIZING CONFERENCES, PROMOTING THE HELLENIC STUDIES, USING MATIERAL FROM LIBRARY WE ESTABLISHED FOR CLASSICAL BYZANTINE AND MODERN GREECE AND MATERIAL COVERING THE GREEK-AMERICAN COMMUNITY

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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 $174,800

Program Service Revenue $273,823

Investment Income $0

Other Revenue $87,261

TOTAL REVENUE $535,884

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $379,304

Other Expenses $379,304

TOTAL EXPENSES $379,304

Year-over-Year Comparison

	2023	2022	Change
Revenue	$535,884	$365,100	+0.5%
Expenses	$379,304	$224,896	+0.7%
Net Income	$156,580	$140,204	+0.1%

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
ILIAS TOMAZOS	PRESIDENT	30.00	Officer Director	$0	$0	$0
OLGA WRIGHT	VICE PRES	5.00	Officer Director	$0	$0	$0
ANTONIOS KARKANTONIS	TREASURER	5.00	Officer Director	$0	$0	$0
DR FOTIES PAPADIMITRAKOPOULOS	SECRETARY	5.00	Officer Director	$0	$0	$0
CHRISTOS BAKES	VICE PRES	5.00	Officer Director	$0	$0	$0
CHRISTOPHER ZIOGAS	DIRECTOR	5.00	Director	$0	$0	$0
JOHN SAHNAS	DIRECTOR	5.00	Director	$0	$0	$0
AVGOUSTIS FIFIS	DIRECTOR	5.00	Director	$0	$0	$0
PANAGIOTIS IOSIFIDIS	DIRECTOR	5.00	Director	$0	$0	$0
THOMAS NANOS	DIRECTOR	5.00	Director	$0	$0	$0
PANTELIS TINIOS	DIRECTOR	5.00	Director	$0	$0	$0
EFROSINI ARVANITIS	DIRECTOR	5.00	Director	$0	$0	$0
DEMETRIOS SPANTIDOS	DIRECTOR	5.00	Director	$0	$0	$0
NIKOLAOS SKROUMPELOS	DIRECTOR	5.00	Director	$0	$0	$0
GEORGE BAKES	DIRECTOR	5.00	Director	$0	$0	$0
DIKAIA LOUKIA AGAPIS	DIRECTOR	5.00	Director	$0	$0	$0
KATERINA BAKES	DIRECTOR	5.00	Director	$0	$0	$0
ATHANASIOS DEMOPOULOS	DIRECTOR	5.00	Director	$0	$0	$0
VASILEIOS MEIMARIS	DIRECTOR	5.00	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
2024	No data	No data	No data	No data
2023	$535,884	$379,304	$5,075,270	$156,580
2022	$365,100	$224,896	$4,947,676	$140,204
2021	$513,587	$75,026	$4,837,212	$438,561
2020	$271,000	$158,916	$4,067,060	$112,084
2019	$983,423	$438,592	$3,998,526	$544,831
2018	$481,022	$459,115	$3,464,724	$21,907