GREEK AMERICAN RESTAURANT ASSOCIATION (EIN 363693719) - 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

Phone

8476351500

Tax Period

2023-01-01 to 2023-12-31

GREEK AMERICAN RESTAURANT ASSOCIATION, founded in 1986, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $163K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $63K, a strong 39% operating margin.

Mission

SEE PART III (a) BELOW

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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 $152,871

Program Service Revenue $0

Investment Income $10,527

Other Revenue $0

TOTAL REVENUE $163,398

Expense Breakdown

Grants Paid $66,475

Salaries & Benefits $29,174

Fundraising Expenses $0

Program Expenses $66,475

Other Expenses $4,486

TOTAL EXPENSES $100,135

Year-over-Year Comparison

	2023	2022	Change
Revenue	$163,398	$137,955	+0.2%
Expenses	$100,135	$85,309	+0.2%
Net Income	$63,263	$52,646	+0.2%

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

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
SAM MARKOS	PRESIDENT	1.00	Officer Director	$0	$0	$0
STEVE THEOFANOUS	VICE PRESIDENT	1.00	Director	$0	$0	$0
PETER REVEL	TREASURER	1.00	Officer	$0	$0	$0
JAMES ROMAS	SECRETARY	1.00	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
2024	No data	No data	No data	No data
2023	$163,398	$100,135	$3,136,359	$63,263
2022	$137,955	$85,309	$2,912,893	$52,646
2021	$215,833	$25,678	$3,121,814	$190,155
2020	$64,192	$29,953	$2,839,393	$34,239

GREEK AMERICAN RESTAURANT ASSOCIATION