AHEPA 192-III INC (EIN 270084978) - 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

2004

Legal Domicile

Principal Officer

JAMES KARTHAN

Phone

5159639519

Tax Period

2024-07-01 to 2025-06-30

AHEPA 192-III INC, founded in 2004, is a small nonprofit in the Housing & Shelter sector that reported $339K in total revenue in fiscal year 2024. Net assets of $2.3M represent 82 months of operating reserves.

Mission

THE CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN, AND OPERATE AN AFFORDABLE HOUSING APARTMENT COMMUNITY

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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 $0

Program Service Revenue $322,233

Investment Income $15,848

Other Revenue $989

TOTAL REVENUE $339,070

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $320,618

Other Expenses $354,060

TOTAL EXPENSES $354,060

Year-over-Year Comparison

	2024	2023	Change
Revenue	$339,070	$332,082	+0.0%
Expenses	$354,060	$381,476	-0.1%
Net Income	$-14,990	$-49,394	-0.7%

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

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
JAMES KARTHAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
THEODORE T VELMAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ELIAS KARTHAN	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRISTOPHER L AXIOTIS	TREASURER	1.00	Officer Director	$0	$0	$0
ZACK J ZAZAS	DIRECTOR	1.00	Director	$0	$0	$0
PETER T CADE	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE HATZIGIANNAKIS	DIRECTOR	1.00	Director	$0	$0	$0
S CHRISTY KARTHAN	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE CHRIST	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE ANTONIOU	DIRECTOR	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
2025	$339,070	$354,060	$2,364,941	$-14,990
2024	$332,082	$381,476	$2,393,799	$-49,394
2023	$317,484	$335,547	$2,435,591	$-18,063
2022	$318,829	$297,848	$2,444,257	$20,981
2021	$288,599	$300,819	$2,423,484	$-12,220
2020	$290,397	$301,927	$2,436,909	$-11,530
2019	$274,815	$306,341	$2,465,088	$-31,526

AHEPA 192-III INC