HELLENIC INITIATIVE INC (EIN 455301968) - 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

2012

Legal Domicile

Principal Officer

GEORGE P STAMAS

Phone

6469261972

Tax Period

2023-01-01 to 2023-12-31

HELLENIC INITIATIVE INC, founded in 2012, is a community nonprofit in the International Affairs sector that reported $3.1M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $2.7M left a modest 14% surplus.

Mission

TO UNDERTAKE CHARITABLE AND HUMANITARIAN ACTS AND SERVICES IN GREECE.

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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 $3,241,744

Program Service Revenue $0

Investment Income $37,433

Other Revenue $-163,122

TOTAL REVENUE $3,116,055

Expense Breakdown

Grants Paid $1,131,596

Salaries & Benefits $169,266

Fundraising Expenses $532,208

Program Expenses $1,328,396

Other Expenses $1,370,222

TOTAL EXPENSES $2,671,084

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,116,055	$2,464,533	+0.3%
Expenses	$2,671,084	$2,159,486	+0.2%
Net Income	$444,971	$305,047	+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

Employees

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

$100,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ACHILLES CONSTANTAKOPOULOS	BOARD MEMBER	0.50	Director	$0	$0	$0
ALEX KARLOUTSOS	BOARD MEMBER	0.50	Director	$0	$0	$0
ARIS CANDRIS	BOARD MEMBER	0.50	Director	$0	$0	$0
CONSTANTINE KARIDES	BOARD MEMBER	1.00	Director	$0	$0	$0
CORINNE MENTZELOPOULOS	BOARD MEMBER	1.00	Director	$0	$0	$0
DEAN DAKOLIAS	BOARD MEMBER	1.00	Director	$0	$0	$0
DEAN METROPOULOS	BOARD MEMBER	0.50	Director	$0	$0	$0
DENNIS MEHIEL	BOARD MEMBER	2.00	Director	$0	$0	$0
DIMITRIS GEORGAKOPOULOS	BOARD MEMBER	0.50	Director	$0	$0	$0
DRAKE BEHRAKIS	BOARD MEMBER	1.00	Director	$0	$0	$0
ELENI KOUNALAKIS	BOARD MEMBER	0.50	Director	$0	$0	$0
GEORGE DAVID	BOARD MEMBER	1.00	Director	$0	$0	$0
GEORGE FRAZIS	BOARD MEMBER	0.50	Director	$0	$0	$0
GEORGE LOGOTHETIS	BOARD MEMBER	1.00	Director	$0	$0	$0
GEORGE MARCUS	BOARD MEMBER	0.50	Director	$0	$0	$0
GEORGE SVOKOS	BOARD MEMBER	1.00	Director	$0	$0	$0
HARRY WILSON	BOARD MEMBER	0.50	Director	$0	$0	$0
JAMES NEARY	BOARD MEMBER	0.50	Director	$0	$0	$0
JEREMY DOWNWARD	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN KOUDOUNIS	BOARD MEMBER	0.50	Director	$0	$0	$0
JOHN CALAMOS SR	BOARD MEMBER	0.50	Director	$0	$0	$0
JOHN CATSIMATIDIS	BOARD MEMBER	0.50	Director	$0	$0	$0
JOHN D GEORGES	BOARD MEMBER	0.50	Director	$0	$0	$0
MARIA ALLWIN	BOARD MEMBER	0.50	Director	$0	$0	$0
MICHAEL PSAROS	BOARD MEMBER	0.50	Director	$0	$0	$0
NICHOLAS G PAPPAS	BOARD MEMBER	0.50	Director	$0	$0	$0
NICK ALEXOS	BOARD MEMBER	0.50	Director	$0	$0	$0
NICK MITAROS	BOARD MEMBER	0.50	Director	$0	$0	$0
NIKOS KOUMETTIS	BOARD MEMBER	0.50	Director	$0	$0	$0
NIKOS STATHOPOULOS	BOARD MEMBER	0.50	Director	$0	$0	$0
THEODORE LEONSIS	BOARD MEMBER	0.50	Director	$0	$0	$0
WILLIAM DOUCAS	BOARD MEMBER	0.50	Director	$0	$0	$0
ANDREW LIVERIS	CHAIRMAN & CO-PRESIDENT	1.00	Officer Director	$0	$0	$0
GEORGE STAMAS	CO-PRESIDENT	10.00	Officer Director	$0	$0	$0
CATERINA PAPOULIAS-SAKELLARIS	BOARD MEMBER	0.50	Director	$0	$0	$0
GEORGE ANDERSON	BOARD MEMBER	0.50	Director	$0	$0	$0
PERICLES NAVAB	BOARD MEMBER	0.50	Director	$0	$0	$0
PETER BARRIS	BOARD MEMBER	0.50	Director	$0	$0	$0
THEANE EVANGELIS	BOARD MEMBER	0.50	Director	$0	$0	$0
STELIOS HAJI-IOANNOU	BOARD MEMBER	0.50	Director	$0	$0	$0
WILLIAM BILL SPELL	BOARD MEMBER	0.50	Director	$0	$0	$0
KATHERINE COURPAS	EXECUTIVE DIRECTOR	40.00	Officer	$100,000	$0	$100,000

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	$3,116,055	$2,671,084	$3,621,638	$444,971
2022	$2,464,533	$2,159,486	$3,020,856	$305,047
2022	$2,464,533	$2,159,487	$3,020,856	$305,046
2021	$2,661,856	$2,045,389	$2,801,099	$616,467
2020	$2,695,105	$1,733,352	$2,057,415	$961,753
2019	$2,019,254	$1,956,334	$1,320,114	$62,920
2018	$2,375,636	$2,598,399	$1,261,439	$-222,763

HELLENIC INITIATIVE INC