AMERICAN HELLENIC INSTITUTE INC

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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

1998

Legal Domicile

Principal Officer

NICHOLAS LARIGAKIS

Phone

2027858430

Tax Period

2023-01-01 to 2023-12-31

AMERICAN HELLENIC INSTITUTE INC, founded in 1998, is a small nonprofit that reported $392K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $446K exceeded revenue, resulting in a 14% operating deficit.

Mission

AHI IS AN INDEPENDENT NON-PROFIT, PUBLIC POLICY AND ADVOCACY CENTER THAT WORKS TO STRENGTHEN RELATIONS BETWEEN THE UNITED STATES, GREECE, CYPRUS AND WITHIN THE GREEK AMERICAN COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $261,245

PROVIDING EDUCATIONAL AND PUBLIC AWARENESS PROGRAMS TO THE GREEK-AMERICAN COMMUNITY

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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 $186,440

Program Service Revenue $205,141

Investment Income $0

Other Revenue $0

TOTAL REVENUE $391,581

Expense Breakdown

Grants Paid $0

Salaries & Benefits $172,629

Fundraising Expenses $0

Program Expenses $261,245

Other Expenses $273,350

TOTAL EXPENSES $445,979

Year-over-Year Comparison

	2023	2022	Change
Revenue	$391,581	$449,295	-0.1%
Expenses	$445,979	$409,987	+0.1%
Net Income	$-54,398	$39,308	-2.4%

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

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

$103,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE TSETSEKOS	DIRECTOR	5.00	Director	$0	$0	$0
LEON ANDRIS	DIRECTOR	5.00	Director	$0	$0	$0
KOSTAS ALEXAKIS	SECRETARY	5.00	Director	$0	$0	$0
NICHOLAS E CHIMICLES	VICE CHAIRMAN	5.00	Director	$0	$0	$0
DEMITRIOS HALAKOS	DIRECTOR	5.00	Director	$0	$0	$0
ALECO HARALAMBIDES	TREASURER	5.00	Director	$0	$0	$0
PETER BOTA	DIRECTOR	5.00	Director	$0	$0	$0
TIMOTHY ANANIADIS	DIRECTOR	5.00	Director	$0	$0	$0
VIOLETTA KAPSALIS BUHLER	DIRECTOR	5.00	Director	$0	$0	$0
GEORGEA POLIZOS	DIRECTOR	5.00	Director	$0	$0	$0
NICO BAMBERGER PRISKOS	DIRECTOR	5.00	Director	$0	$0	$0
YANNI SIANIS	DIRECTOR	5.00	Director	$0	$0	$0
GEORGE VASILIOU	DIRECTOR	5.00	Director	$0	$0	$0
MARIA WILLS	DIRECTOR	5.00	Director	$0	$0	$0
NICK LARIGAKIS	PRESIDENT & CEO	40.00	Officer	$103,000	$0	$103,000
JAMES LAGOS ESQ	CHAIRMAN	5.00	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	$391,581	$445,979	$11,638	$-54,398
2022	$449,295	$409,987	$70,201	$39,308
2021	$350,209	$356,464	$32,962	$-6,255
2020	$234,490	$280,942	$51,015	$-46,452
2019	$285,708	$266,177	$61,917	$19,531
2018	$333,100	$337,883	$43,054	$-4,783