Hellenic Foundation (EIN 366098351) - 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

1953

Legal Domicile

Principal Officer

Demetrios Soukoulis

Phone

7736315222

Tax Period

2024-01-01 to 2024-12-31

Hellenic Foundation, founded in 1953, is a community nonprofit in the Human Services sector that reported $8.3M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $7.3M left a modest 12% surplus.

Mission

The Hellenic Foundation's mission is to fund the development and support of programs and projects benefiting Greek American and Orthodox Christian Organizations in the Chicagoland Area.

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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 $95,618

Program Service Revenue $7,359,383

Investment Income $757,313

Other Revenue $37,961

TOTAL REVENUE $8,250,275

Expense Breakdown

Grants Paid $526,363

Salaries & Benefits $6,165,147

Fundraising Expenses $81,749

Program Expenses $6,736,109

Other Expenses $590,711

TOTAL EXPENSES $7,282,221

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,250,275	$6,780,239	+0.2%
Expenses	$7,282,221	$6,144,769	+0.2%
Net Income	$968,054	$635,470	+0.5%

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

328

Volunteers

N/A

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

$181,630

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Peter Valessares	Executive Dir.	40.00	Officer	$181,630	$0	$181,630
Demetrios Soukoulis	President	6.00	Officer Director	$0	$0	$0
Louis Apostol	Vice President	2.00	Officer Director	$0	$0	$0
Bill Vranas	Treasurer	6.00	Officer Director	$0	$0	$0
Nicolas Geroulis	Ast. Secretary	2.00	Officer Director	$0	$0	$0
Gregory Amarantos	Director	2.00	Director	$0	$0	$0
James Gatziolis	Director	2.00	Director	$0	$0	$0
Alexander Gianaras	Director	2.00	Director	$0	$0	$0
Eleni Kouimelis	Director	2.00	Director	$0	$0	$0
Harry Secaras	Director	2.00	Director	$0	$0	$0
Joanne Stavrakas	Director	2.00	Director	$0	$0	$0
Dorian Bezanis	Secretary	2.00	Director	$0	$0	$0
Hon Anthony C Kyriakopoulous	Asst. Treasurer	2.00	Director	$0	$0	$0
Ernest C Karras	Director	2.00	Director	$0	$0	$0
Louie Kontos	Director	2.00	Director	$0	$0	$0
Michael M Chioros	Past President	2.00	Director	$0	$0	$0
William P Vranas	Director	2.00	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
2024	$8,250,275	$7,282,221	$21,047,737	$968,054
2023	$6,780,239	$6,144,769	$18,521,372	$635,470
2022	$5,901,437	$5,632,738	$16,024,082	$268,699
2021	$5,859,533	$4,204,959	$18,666,107	$1,654,574
2020	$6,861,758	$3,974,368	$16,724,623	$2,887,390
2019	$4,136,620	$4,126,048	$13,489,308	$10,572
2018	$3,889,766	$3,564,960	$11,233,344	$324,806

Hellenic Foundation