GREEK FOOD FESTIVAL INC (EIN 317181027) - 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

1986

Legal Domicile

Principal Officer

CHRISTOPHER LAFTER

Tax Period

2022-01-01 to 2022-12-31

GREEK FOOD FESTIVAL INC, founded in 1986, is a small nonprofit that reported $143K in total revenue in fiscal year 2022. Revenue surged 274256% from the prior year, signaling strong growth momentum. Expenses of $193K exceeded revenue, resulting in a 35% operating deficit.

Mission

TO SUPPORT HOLY TRINITY GREEK ORTHODOX CATHEDRAL, CARMEL, INDIANA AND THE MINISTRIES IT SUPPORTS. THE CHURCH SERVES THE RELIGIOUS NEEDS OF THE GREEK ORTHODOX PEOPLE OF INDIANAPOLIS, INDIANA

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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 (2022)

Revenue Breakdown

Contributions & Grants $8,001

Program Service Revenue $0

Investment Income $294

Other Revenue $134,370

TOTAL REVENUE $142,665

Expense Breakdown

Grants Paid $171,950

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $171,950

Other Expenses $20,575

TOTAL EXPENSES $192,525

Year-over-Year Comparison

	2022	2021	Change
Revenue	$142,665	$52	+2742.6%
Expenses	$192,525	$4,674	+40.2%
Net Income	$-49,860	$-4,622	+9.8%

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

Employees

N/A

Volunteers

196

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
TRACY PAPPAS	DIRECTOR	1.00	Director	$0	$0	$0
JULIE ROWLAS	DIRECTOR	1.00	Director	$0	$0	$0
GARY MARTINE	DIRECTOR	1.00	Director	$0	$0	$0
NICK DERVENIS	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER LAFTER	PRESIDENT	3.00	Officer Director	$0	$0	$0
ERNIE MUDIS	VICE-PRESIDENT	3.00	Officer Director	$0	$0	$0
NICK SOFIANOPOULOS	TREASURER	2.00	Officer Director	$0	$0	$0
RENEE BROCHHAGEN	FORMER SECRETARY	0.00		$0	$0	$0
SEPHANIE ANDERSON	FORMER DIRECTOR	0.00		$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
2022	$142,665	$192,525	No data	$-49,860
2019	$116,578	$103,848	$63,882	$12,730
2018	$8,932	$6,999	$51,152	$1,933

GREEK FOOD FESTIVAL INC