PAA FOUNDATION INC (EIN 261260775) - 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

2006

Legal Domicile

Principal Officer

Kostas Katsohirakis

Phone

7273864386

Tax Period

2024-06-01 to 2025-05-31

PAA FOUNDATION INC, founded in 2006, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $88K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring.

Mission

To raise funds for the Scholarship, Cultural and Educational Programs of the Pancretan Association of America.

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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 $88,279

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $88,279

Expense Breakdown

Grants Paid $88,279

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $88,279

Other Expenses $1,212

TOTAL EXPENSES $89,491

Year-over-Year Comparison

	2024	2023	Change
Revenue	$88,279	$124,601	-0.3%
Expenses	$89,491	$125,196	-0.3%
Net Income	$-1,212	$-595	+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

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
Kostas Katsohirakis	Chairman	005.00	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	$88,279	$89,491	$1,088	$-1,212
2024	$124,601	$125,196	$2,396	$-595
2023	$345,999	$358,263	$2,991	$-12,264
2022	$69,137	$153,100	$15,255	$-83,963
2021	$160,358	$131,445	$99,218	$28,913

PAA FOUNDATION INC