THE HELLENIC WOMEN'S BENEVOLENT ASSOCIATION INC (EIN 237105421) - Form 990 Financial Analysis & Trantor Score

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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

1954

Legal Domicile

Principal Officer

DR SOPHIA PASEDIS

Phone

7818287450

Tax Period

2024-01-01 to 2024-12-31

THE HELLENIC WOMEN'S BENEVOLENT ASSOCIATION INC, founded in 1954, is a mid-sized nonprofit in the Health Care sector that reported $12.6M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $14.1M exceeded revenue, resulting in a 12% operating deficit.

Mission

THE HELLENIC WOMEN'S BENEVOLENT ASSOCIATION'S MISSION IS TO SPONSOR AND OVERSEE THE HELLENIC NURSING AND REHABILITATION CENTER; ENGAGE AND COMMIT ITSELF TO FUND-RAISING ACTIVITIES WHICH SERVE TO PROMOTE AND ENHANCE THE QUALITY OF LIFE OF THE RESIDENTS ENTRUSTED IN ITS CARE.THE MISSION OF THE HELLENIC NURSING HOME AND REHABILITATION CENTER IS TO PROVIDE RESIDENT FOCUSED COMPREHENSIVE HEALTH CARE SERVICES TO INDIVIDUALS REQUIRING RESTORATIVE, SKILLED NURSING CARE AND LONG TERM CARE WITHIN A SAFE, SECURE AND CARING INVIRONMENT. IN ADDITION WE AIM TO MAXIMIZE THE CAPABILITIES IN PHYSICAL, SOCIAL, AND PSYCHOLOGICAL WELL BEING FOR EACH RESIDENT ENTRUSTED TO OUR CARE.

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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 $82,808

Program Service Revenue $12,336,096

Investment Income $191,344

Other Revenue $476

TOTAL REVENUE $12,610,724

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,948,994

Fundraising Expenses $53,675

Program Expenses $12,086,661

Other Expenses $6,196,153

TOTAL EXPENSES $14,146,622

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,610,724	$14,153,789	-0.1%
Expenses	$14,146,622	$14,916,219	-0.1%
Net Income	$-1,535,898	$-762,430	+1.0%

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

156

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

$100,165

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PARTHENA DANDIS	BOARD MEMBER (JOINED 6/1/24)	1.00	Director	$0	$0	$0
ANATOLI PANAGIOTIDIS	TREASURER (JOINED 6/1/24)	10.00	Officer Director	$0	$0	$0
ANNE DARLING	BOARD MEMBER (JOINED 7/1/24)	10.00	Director	$0	$0	$0
TINA PAPADOPOULOS	PRESIDENT (LEFT 6/1/24)	30.00	Officer Director	$0	$0	$0
HELEN LAMBROPOULOS	TREASURER (LEFT 12/24)	10.00	Officer Director	$0	$0	$0
SOPHIA PASEDIS	PRESIDENT	30.00	Officer Director	$0	$0	$0
VULA ROUMIS	CLERK/SECRETARY	10.00	Officer Director	$0	$0	$0
JOANNA HOPKINS	IMMEDIATE PAST PRESIDENT (LEFT 12/24)	1.00	Officer Director	$0	$0	$0
PAMELA HOULARES	BOARD MEMBER	10.00	Director	$0	$0	$0
MARIA TIGOU-BOCK	BOARD MEMBER (LEFT 12/24)	1.00	Director	$0	$0	$0
RENA GYFTOPOULOS	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
VIVIAN STAMERIS	BOARD MEMBER (LEFT 12/24)	1.00	Director	$0	$0	$0
ANTHIPPI PAPANGELIS	BOARD MEMBER (LEFT 12/24)	1.00	Director	$0	$0	$0
NOVYL IGO	BOARD MEMBER	10.00	Director	$0	$0	$0
DAVID SIMMONS	CHIEF FINANCIAL OFFICER	24.00	Officer	$99,664	$501	$100,165
DANIELLE DELINCE	HEALTH ADMINISTRATOR	38.00	Highest	$148,564	$11,186	$159,750
FARAH ROLLES	QUALITY ASSURANCE	36.00	Highest	$103,801	$11,186	$114,987
MARLY MERLAIN	DIRECTOR OF NURSES	33.00	Highest	$117,155	$6,100	$123,255

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	$12,610,724	$14,146,622	$9,608,510	$-1,535,898
2023	$14,153,789	$14,916,219	$10,054,467	$-762,430
2022	$14,654,322	$14,406,695	$11,186,017	$247,627
2021	$13,516,880	$13,016,648	$10,787,242	$500,232
2020	$15,041,935	$13,846,882	$9,551,046	$1,195,053
2019	$14,302,432	$14,452,227	$8,940,122	$-149,795
2018	$14,891,702	$14,851,373	$8,651,216	$40,329

THE HELLENIC WOMEN'S BENEVOLENT ASSOCIATION INC