Hellenic American Academy Foundation (EIN 320167308) - 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

2005

Legal Domicile

Principal Officer

Demetrios Logothetis

Phone

8473171063

Tax Period

2023-07-01 to 2024-06-30

Hellenic American Academy Foundation, founded in 2005, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $2.0M exceeded revenue, resulting in a 10% operating deficit.

Mission

To be the preeminent educational and cultural center for Hellenism in the United States recognized for Academic Excellence, a strong sense of community, and the promotion of Greek Heritage and faith.

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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 (2023)

Revenue Breakdown

Contributions & Grants $285,918

Program Service Revenue $1,473,749

Investment Income $0

Other Revenue $34,866

TOTAL REVENUE $1,794,533

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,348,430

Fundraising Expenses $0

Program Expenses $1,431,050

Other Expenses $633,658

TOTAL EXPENSES $1,982,088

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,794,533	$2,718,169	-0.3%
Expenses	$1,982,088	$2,065,305	0.0%
Net Income	$-187,555	$652,864	-1.3%

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

N/A

Employees

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	Role	Reportable Comp	Other Comp	Total
Manolis Karamouzis	Treasurer	Officer	$0	$0	$0
Dr Spiro Karras	Vice President	Officer	$0	$0	$0
Demetrios Logothetis	Chairman	Officer	$0	$0	$0
Peter Maroutsos	COO	Officer	$0	$0	$0
Angelo Spyratos	Secretary	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	No data	No data	No data	No data
2024	$1,794,533	$1,982,088	$5,317,932	$-187,555
2023	$2,718,169	$2,065,305	$5,569,088	$652,864
2022	$3,876,315	$1,845,134	$5,354,772	$2,031,181
2021	$1,595,542	$1,568,505	$231,063	$27,037
2020	$1,344,042	$1,392,631	$209,679	$-48,589

Hellenic American Academy Foundation