CENTRAL SOCIETY TSIPIANITON

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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

1990

Legal Domicile

Principal Officer

JIMMY ROMAS

Phone

8476351500

Tax Period

2023-01-01 to 2023-12-31

CENTRAL SOCIETY TSIPIANITON, founded in 1990, is a micro nonprofit in the Human Services sector that reported $62K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $74K exceeded revenue, resulting in a 19% operating deficit.

Mission

SEE PART III (a) below

Program Service Accomplishments

Program 1

Expenses: $68,043 Revenue: $61,429

The society has as its objective among Tsipianites in the chicagogoland area the idea of cooperation, mutual help and benevolence and to promote goodwill among them; to promote a better understanding between its members in the United states and the ideals of Hellenism, also to raise the social political level of the Tsipianites

Program 2

Expenses: $0 Revenue: $0

to instruct and promote its members in the ideals, doctrines and principals of the constitution of the United States of America, its laws and the methods of the administration of the government of...

to instruct and promote its members in the ideals, doctrines and principals of the constitution of the United States of America, its laws and the methods of the administration of the government of the united states, the several states and their subdivisions.

Program 3

Expenses: $0 Revenue: $0

The offer all possible moral and financial assistance to its members

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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 $61,429

Program Service Revenue $0

Investment Income $0

Other Revenue $306

TOTAL REVENUE $61,735

Expense Breakdown

Grants Paid $3,012

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $68,043

Other Expenses $70,493

TOTAL EXPENSES $73,505

Year-over-Year Comparison

	2023	2022	Change
Revenue	$61,735	$56,449	+0.1%
Expenses	$73,505	$50,195	+0.5%
Net Income	$-11,770	$6,254	-2.9%

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

N/A

Independent Members

N/A

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	Role	Reportable Comp	Other Comp	Total
GEORGE REVEL	TREASURE	Officer	$0	$0	$0
BILL SPENTZOS	VICE PRESIDENT	Officer	$0	$0	$0
JIM ROMAS	PRESIDENT	Officer	$0	$0	$0
PETE STAVROU	SECRETARY	Officer	$0	$0	$0
DOMINICK VASSOS	ASST 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
2024	No data	No data	No data	No data
2023	$61,735	$73,505	$290,232	$-11,770
2022	$56,449	$50,195	$306,625	$6,254
2021	$54,671	$45,289	$299,689	$9,382
2020	$53,139	$46,309	$288,597	$6,830