GREATER MANCHESTER HELLENIC SCHOLA… - 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

1973

Legal Domicile

Principal Officer

STEPHANIE SPANOS HONAN

Tax Period

2020-01-01 to 2020-12-31

GREATER MANCHESTER HELLENIC SCHOLARSHIP FUND, founded in 1973, is a micro nonprofit that reported $26K in total revenue in fiscal year 2020. Revenue fell 61% from the prior year — a significant decline worth monitoring. Net assets of $370K represent 172 months of operating reserves.

Mission

THE PRIMARY PURPOSE OF THE SCHOLARSHIP FUND IS TO PROVIDE COLLEGE SCHOLARSHIPS TO ELIGIBLE INDIVIDUALS.

Program Service Accomplishments

Program 1

Expenses: $25,500

THE FUND HAS GRANTED THIRTEEN DIFFERENT COLLEGE SCHOLARSHIPS DURING 2020 RANGING FROM $1,500 TO $2,500.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $9,370

Investment Income $16,398

Other Revenue $0

TOTAL REVENUE $25,768

Expense Breakdown

Grants Paid $25,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $25,500

Other Expenses $925

TOTAL EXPENSES $26,425

Year-over-Year Comparison

	2020	2019	Change
Revenue	$25,768	$65,265	-0.6%
Expenses	$26,425	$34,206	-0.2%
Net Income	$-657	$31,059	-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

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
ARTHUR PAPPAS	TRUSTEE	1.00	Director	$0	$0	$0
KRISTINE HAVELAS-PELLETIER	TRUSTEE	1.00	Director	$0	$0	$0
PETER KACHAVOS	TRUSTEE	1.00	Director	$0	$0	$0
VASILIKI CANOTAS	TRUSTEE	1.00	Director	$0	$0	$0
STEPHANIE SPANOS HONAN	CHAIR	2.00	Officer 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
2020	$25,768	$26,425	$370,280	$-657
2019	$65,265	$34,206	$370,937	$31,059
2018	$-22,379	$26,575	$339,878	$-48,954

GREATER MANCHESTER HELLENIC SCHOLARSHIP FUND