AHEPA MARATHON CHAPTER NO 2 FOUNDATION

EIN: 562271746 Philanthropy & Grantmaking

CHARLOTTE, NC

Total Revenue
$176,187
Total Expenses
$241,655
Total Assets
$3,453,124
Net Assets
$3,453,124
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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
1999
Legal Domicile
NC
Principal Officer
JOHN V LOWEN
Phone
7045823341
Tax Period
2024-01-01 to 2024-12-31

AHEPA MARATHON CHAPTER NO 2 FOUNDATION, founded in 1999, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $176K in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $242K exceeded revenue, resulting in a 37% operating deficit.

Mission

SUPPORTING THE PROMOTION OF HELLENISM AND CHARITABLE, EDUCATIONAL, AND RELIGIOUS PURPOSES.

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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 $0
Program Service Revenue $0
Investment Income $176,187
Other Revenue $0
TOTAL REVENUE $176,187

Expense Breakdown

Grants Paid $196,720
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $202,120
Other Expenses $44,935
TOTAL EXPENSES $241,655

Year-over-Year Comparison

2024 2023 Change
Revenue $176,187 $123,340 +0.4%
Expenses $241,655 $157,875 +0.5%
Net Income $-65,468 $-34,535 +0.9%
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
10
Independent Members
10
Employees
N/A
Volunteers
10

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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LOUIE P POLITIS CHAIRMAN 1.00
Officer Director
$0 $0 $0
PETER B PAPPAS VICE-CHAIRMAN 1.00
Officer Director
$0 $0 $0
NICHOLAS MARKOS KONTOS SECRETARY 1.00
Officer Director
$0 $0 $0
JAMES T CAVALARIS TREASURER 1.00
Officer Director
$0 $0 $0
FRANK P BOARDMAN TRUSTEE 1.00
Director
$0 $0 $0
JOHN M CHRISTENBURY TRUSTEE 1.00
Director
$0 $0 $0
PETER T KERETSIS TRUSTEE 1.00
Director
$0 $0 $0
JOHN V LOWEN TRUSTEE 1.00
Director
$0 $0 $0
KONSTANTINE GUS S PISTIOLIS TRUSTEE 1.00
Director
$0 $0 $0
TERRY SARANTOU TRUSTEE 1.00
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 $176,187 $241,655 $3,453,124 $-65,468
2023 $123,340 $157,875 $3,410,944 $-34,535
2022 $143,400 $170,069 $3,298,364 $-26,669
2021 $775,184 $336,687 $3,592,742 $438,497
2020 $165,397 $155,485 $3,470,014 $9,912
2019 $139,363 $184,214 $3,348,003 $-44,851
2018 $186,665 $383,112 $2,969,881 $-196,447
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