GREEK LITERARY ASSOCIATION

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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

1910

Legal Domicile

Principal Officer

RICHARD SIVCOVICH

Phone

6363686537

Tax Period

2020-07-01 to 2021-06-30

GREEK LITERARY ASSOCIATION, founded in 1910, is a micro nonprofit that reported $45K in total revenue in fiscal year 2020. Expenses of $72K exceeded revenue, resulting in a 60% operating deficit.

Mission

TO OWN, OPERATE, AND MAINTAIN THE FRATERNITY HOUSE AND ANNEX FOR THE BENEFIT OF KAPPA SIGMA FRATERNITY MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $71,281

PROVIDE NETWORKING AND SOCIAL CONTACT FOR CHAPTER 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 (2020)

Revenue Breakdown

Contributions & Grants $19,162

Program Service Revenue $6,171

Investment Income $19,565

Other Revenue $0

TOTAL REVENUE $44,898

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $71,281

Other Expenses $17,103

TOTAL EXPENSES $71,781

Year-over-Year Comparison

	2020	2019	Change
Revenue	$44,898	$43,560	+0.0%
Expenses	$71,781	$82,781	-0.1%
Net Income	$-26,883	$-39,221	-0.3%

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

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM MUEHLEISEN	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
STAN PERKINS	PRESIDENT	N/A	Officer Director	$0	$0	$0
RICHARD SIVCOVICH	TREASURER	1.00	Officer 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
2021	$44,898	$71,781	$503,121	$-26,883
2020	$43,560	$82,781	$530,004	$-39,221
2019	$524,924	$224,518	$569,225	$300,406