EVRYTANIAN ASSOCIATION VELOUCHI INC

EIN: 566061036 501(c)(3) Human Services

CHARLOTTE, NC

Total Revenue
$291,690
Total Expenses
$273,282
Total Assets
$1,568,307
Net Assets
$1,551,376
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1944
Legal Domicile
NC
Phone
7043666571
Tax Period
2025-01-01 to 2025-12-31

EVRYTANIAN ASSOCIATION VELOUCHI INC, founded in 1944, is a small nonprofit in the Human Services sector that reported $292K in total revenue in fiscal year 2025. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $273K left a modest 6% surplus.

Mission

SCHOLARSHIP PROGRAM - AWARDS TO CHILDREN OF EVRYTANIAN ORIGIN BASED ON ACADEMIC EXCELLENCE AND FINANCIAL NEED.NEED BASED PROGRAM- HELPING PEOPLE FROM THEIR HOMELAND IN GREECE WHO HAVE RUN INTO HARDSHIPS BY FUNDING THE CHURCHES TO HELP THE MOST AFFECTED. THE FOCUS IS ON CHILDREN.

Program Service Accomplishments

Program 1
Expenses: $91,811

NEED BASED PROGRAM - HELPING PEOPLE FROM THE HOMELAND IN GREECE WHO HAVE RUN INTO HARDSHIPS BY FUNDING THE CHURCHES TO THE MOST AFFECTED.

Program 2
Expenses: $72,500

SCHOLARSHIP PROGRAM - AWARDS TO CHILDREN OF EVRYTANIAN ORIGIN BASED ON ACADEMIC EXCELLENCE AND FINANCIAL NEED.

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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 (2025)

Revenue Breakdown

Contributions & Grants $81,560
Program Service Revenue $0
Investment Income $165,548
Other Revenue $44,582
TOTAL REVENUE $291,690

Expense Breakdown

Grants Paid $164,311
Salaries & Benefits $30,674
Fundraising Expenses $30,000
Program Expenses $164,311
Other Expenses $78,297
TOTAL EXPENSES $273,282

Year-over-Year Comparison

2025 2024 Change
Revenue $291,690 $369,958 -0.2%
Expenses $273,282 $157,822 +0.7%
Net Income $18,408 $212,136 -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
668
Independent Members
N/A
Employees
N/A
Volunteers
50

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
7
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN FRAGAKIS PRESIDENT 0.00
Officer
$0 $0 $0
SPIRO KALTSOUNIS 1ST VICE PRESIDENT 0.00
Officer
$0 $0 $0
JOHN DOULAVERIS 2ND VICE PRESIDENT 0.00
Officer
$0 $0 $0
GOLFO VASTAKIS 1ST SECRETARY 0.00
Officer
$0 $0 $0
PENNY KARAGOUNIS 2ND SECRETARY 0.00
Officer
$0 $0 $0
JOHN TASSIOS 1ST TREASURER 0.00
Officer
$0 $0 $0
FOTENE KALTSOUNIS 2ND TREASURER 0.00
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
2025 $291,690 $273,282 $1,568,307 $18,408
2024 $194,891 $189,767 $1,321,325 $5,124
2024 $369,958 $157,822 $1,533,357 $212,136
2023 $211,959 $226,276 $1,315,708 $-14,317
2022 $300,137 $196,219 $1,308,006 $103,918
2021 $232,388 $223,902 $1,190,944 $8,486
2020 $211,127 $152,435 $1,169,617 $58,692
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