HELLENIC MEDICAL SOCIETY OF NEW YORK INC (EIN 237292278) - 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

1936

Legal Domicile

Principal Officer

DrANTONIOS GASPARIS

Phone

7183982440

Tax Period

2024-03-01 to 2025-02-28

HELLENIC MEDICAL SOCIETY OF NEW YORK INC, founded in 1936, is a small nonprofit in the Health Care sector that reported $449K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $420K left a modest 6% surplus.

Mission

ORGANIZATIONS PURPOSE IS TO GATHER MEMBERS IN THE MEDICAL PROFESSION TO EDUCATE AND INFORM MEMBERS AND NON MEMBERS OF THE LATEST MEDICAL SUBJECTS AND RESEARCH DISCOVERIES. SCHOLARSHIP FUNDS HAVE BEEN ESTABLISHED TO DISBURSE SCHOLARSHIPS AND GRANTS FOR EDUCATIONAL EXPENSES FOR STUDENTS INTERESTED IN THE MEDICAL PROFESSION.

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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 $273,980

Program Service Revenue $139,098

Investment Income $25,167

Other Revenue $10,577

TOTAL REVENUE $448,822

Expense Breakdown

Grants Paid $86,650

Salaries & Benefits $61,036

Fundraising Expenses $0

Program Expenses $86,650

Other Expenses $272,717

TOTAL EXPENSES $420,403

Year-over-Year Comparison

	2024	2023	Change
Revenue	$448,822	$573,515	-0.2%
Expenses	$420,403	$422,766	0.0%
Net Income	$28,419	$150,749	-0.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTONIOS GASPARIS	PRESIDENT	5.00	Officer	$0	$0	$0
LORRAINE CHRISOMALIS-VALASIADIS	FIRST VICE PRESIDENT	5.00	Officer	$0	$0	$0
NICHOLAS NISSIRIOS	SECOND VICE PRESIDENT	5.00	Officer	$0	$0	$0
STELLA LYMBERIS	SECRETARY	5.00	Officer	$0	$0	$0
MICHAEL PLAKOGIANNIS	ASST. SECRETARY	5.00	Officer	$0	$0	$0
ASPASIA DRAGA	TREASURER	5.00	Officer	$0	$0	$0
STELLA DOUROS	ASST. TREASURER	5.00	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
2025	$448,822	$420,403	$1,134,997	$28,419
2024	$573,515	$422,766	$970,783	$150,749
2023	$421,591	$480,288	$760,124	$-58,697
2022	$122,742	$232,962	$907,370	$-110,220
2021	$103,987	$167,988	$965,410	$-64,001
2020	$285,044	$208,210	$920,247	$76,834
2020	$343,016	$245,713	$940,753	$97,303
2019	$255,183	$281,161	$818,086	$-25,978

HELLENIC MEDICAL SOCIETY OF NEW YORK INC