AHEPA MARATHON CHAPTER NO 2 FOUNDA… - Form 990 Financial Data

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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

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.

Program Service Accomplishments

Program 1

Expenses: $167,570

SUPPORTING THE PROMOTION OF HELLENISM AND CHARITABLE, EDUCATIONAL AND RELIGIOUS PURPOSES. OTHER GRANTS ARE ALSO GIVEN TO VARIOUS ORGANIZATIONS IN FURTHERANCE OF THEIR EXEMPT PURPOSES.

Program 2

Expenses: $34,550

SCHOLARSHIPS WERE GIVEN TO 15 RECIPIENTS FOR EDUCATIONAL 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%)

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

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

AHEPA MARATHON CHAPTER NO 2 FOUNDATION