THE LOUKOUMI MAKE A DIFFERENCE FOUNDATION INC

EIN: 465599131 501(c)(3) Youth Development

EASTCHESTER, NY

Total Revenue
$333,730
Total Expenses
$369,548
Total Assets
$177,216
Net Assets
$167,181
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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
2014
Legal Domicile
NY
Principal Officer
NICHOLAS KATSORIS
Phone
2123972804
Tax Period
2024-01-01 to 2024-12-31

THE LOUKOUMI MAKE A DIFFERENCE FOUNDATION INC, founded in 2014, is a small nonprofit in the Youth Development sector that reported $334K in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $370K exceeded revenue, resulting in a 11% operating deficit.

Mission

THE LOUKOUMI MAKE A DIFFERENCE FOUNDATION UNITES OVER 150,000 CHILDREN IN 30 COUNTRIES TO MAKE A DIFFERENCE FOR CAUSES THEY ARE PASSIONATE ABOUT.

Program Service Accomplishments

Program 1
Expenses: $27,416 Revenue: $0

THE LOUKOUMI FOUNDATION TREATMENT ROOM AT THE ST JUDE HOSPITAL

Program 2
Expenses: $14,347 Revenue: $0

SPONSOR CURRICULUM IN SCHOOLS

Program 3
Expenses: $10,000 Revenue: $0

DONATION TO THE LOUKOUMI KITCHEN AT THE FLOATING HOSPITAL IN LONG ISLAND CITY, NEW YORK

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $328,338
Program Service Revenue $0
Investment Income $5,392
Other Revenue $0
TOTAL REVENUE $333,730

Expense Breakdown

Grants Paid $51,763
Salaries & Benefits $170,330
Fundraising Expenses $72,234
Program Expenses $51,763
Other Expenses $147,455
TOTAL EXPENSES $369,548

Year-over-Year Comparison

2024 2023 Change
Revenue $333,730 $233,783 +0.4%
Expenses $369,548 $240,454 +0.5%
Net Income $-35,818 $-6,671 +4.4%
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

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Governance

Voting Members
6
Independent Members
6
Employees
2
Volunteers
10000

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
3
$133,846
Total Directors
6
$133,846
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICHOLAS KATSORIS PRESIDENT 40.00
Officer Director
$133,846 $0 $133,846
EFFIE SAMIOS VICE PRESIDENT/TREASURER 5.00
Officer Director
$0 $0 $0
VOULA KATSORIS SECRETARY 2.00
Officer Director
$0 $0 $0
CONSTANCE MAVROVITS DIRECTOR 2.00
Director
$0 $0 $0
MARIS ANGOLA DIRECTOR 2.00
Director
$0 $0 $0
CYHTHIA HERZEGOVITCH 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 $333,730 $369,548 $177,216 $-35,818
2023 $233,783 $240,454 $199,735 $-6,671
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