THE HERITAGE MANAGEMENT ORGANIZATION INC

EIN: 473258761 501(c)(3) Arts, Culture & Humanities

CHICAGO, IL

Total Revenue
$444,562
Total Expenses
$883,095
Total Assets
$7,640,555
Net Assets
$7,070,787
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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
2015
Legal Domicile
DE
Principal Officer
EVANGELOS KYRIAKIDIS
Phone
3124238692
Tax Period
2023-01-01 to 2023-12-31

THE HERITAGE MANAGEMENT ORGANIZATION INC, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $445K in total revenue in fiscal year 2023. Revenue fell 92% from the prior year — a significant decline worth monitoring. Expenses of $883K exceeded revenue, resulting in a 99% operating deficit.

Mission

Training heritage managers in the skills necessary to carry out their work most effectively, maximizing the limited resources available.

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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 (2023)

Revenue Breakdown

Contributions & Grants $163,796
Program Service Revenue $118,060
Investment Income $162,706
Other Revenue $0
TOTAL REVENUE $444,562

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $38,602
Program Expenses $808,542
Other Expenses $883,095
TOTAL EXPENSES $883,095

Year-over-Year Comparison

2023 2022 Change
Revenue $444,562 $5,558,861 -0.9%
Expenses $883,095 $402,900 +1.2%
Net Income $-438,533 $5,155,961 -1.1%
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
11
Independent Members
8
Employees
N/A
Volunteers
11

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
2
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PANTELIS GEORGIADIS Chairman 0.00
Director
$0 $0 $0
LINDA HARTLEY Treasurer 0.00
Director
$0 $0 $0
CHARLES WILLIAMS BOARD DIRECTOR 0.00
Director
$0 $0 $0
KATHRYN YATRAKIS Secretary 0.00
Director
$0 $0 $0
HANNAH SOLOMON BOARD DIRECTOR 0.00
Director
$0 $0 $0
MARIOS PAPANIKOLOPOULOS BOARD DIRECTOR 0.00
Director
$0 $0 $0
JAMES H OUTTAWAY MEMBER EMERITUS 0.00
Director
$0 $0 $0
EZANA BOCRESION BOARD DIRECTOR 0.00
Director
$0 $0 $0
CHRISTINA HIOUREAS BOARD DIRECTOR 0.00
Director
$0 $0 $0
LEONIDAS CAMBANIS EX OFFICIO 5.00
Officer
$0 $0 $0
EVANGELOS KYRIAKIDIS GENERAL DIR. 35.00
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 $444,562 $883,095 $7,640,555 $-438,533
2022 $5,558,861 $402,900 $7,519,719 $5,155,961
2021 $507,275 $465,223 $2,905,454 $42,052
2020 $411,925 $177,350 $2,318,852 $234,575
2018 $241,269 $156,320 $1,332,507 $84,949
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