FOUNDATION FOR HELLENIC COLLEGE HO… - 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

2007

Legal Domicile

Principal Officer

HARRIS J PAPPAS

Phone

7138035253

Tax Period

2020-01-01 to 2020-12-11

FOUNDATION FOR HELLENIC COLLEGE HOLY CROSS, founded in 2007, is a small nonprofit that reported $570K in total revenue in fiscal year 2020. Revenue surged 154% from the prior year, signaling strong growth momentum. Expenses of $2.8M exceeded revenue, resulting in a 386% operating deficit.

Mission

THE FOUNDATION RAISES FUNDS FOR HELLENIC COLLEGE, A NON-PROFIT INSTITUTE OF HIGHER EDUCATION LOCATED IN BROOKLINE, MA.

Program Service Accomplishments

Program 1

Expenses: $2,771,530

THE CORPORATION RAISED FUNDS FOR HELLENIC COLLEGE, INC. IN ACCORDANCE WITH ITS EXEMPT PURPOSE.

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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 $150,255

Program Service Revenue $0

Investment Income $371,016

Other Revenue $49,046

TOTAL REVENUE $570,317

Expense Breakdown

Grants Paid $2,756,823

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,771,530

Other Expenses $14,707

TOTAL EXPENSES $2,771,530

Year-over-Year Comparison

	2020	2019	Change
Revenue	$570,317	$224,351	+1.5%
Expenses	$2,771,530	$170,202	+15.3%
Net Income	$-2,201,213	$54,149	-41.7%

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
HARRIS J PAPPAS	TRUSTEE, CO-CHAIRMAN AND P	1.00	Director	$0	$0	$0
CHARLES H COTROS	TRUSTEE, CO-CHAIRMAN AND P	1.00	Director	$0	$0	$0
THOMAS L DEMAKES	TRUSTEE, TREASURER AND SEC	1.00	Director	$0	$0	$0
CYNTHIA G KOSTAS	TRUSTEE	1.00	Director	$0	$0	$0
HELEN A CARLOS	TRUSTEE	1.00	Director	$0	$0	$0
FATHER JON MAGOULIAS	EX OFFICIO TRUSTEE	1.00	Director	$0	$0	$0
GEORGE CANTONIS	EX OFFICIO TRUSTEE	1.00	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
2020	$570,317	$2,771,530	No data	$-2,201,213
2019	$224,351	$170,202	$2,254,698	$54,149
2018	$58,018	$9,134	$2,189,616	$48,884

FOUNDATION FOR HELLENIC COLLEGE HOLY CROSS