EVRYTANIAN ASSOCIATION VELOUCHI INC (EIN 566061036) - Form 990 Financial Analysis & Trantor Score

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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

1944

Legal Domicile

Phone

7043666571

Tax Period

2024-06-01 to 2024-12-31

EVRYTANIAN ASSOCIATION VELOUCHI INC, founded in 1944, is a small nonprofit in the Human Services sector that reported $370K in total revenue in fiscal year 2024. Revenue surged 90% from the prior year, signaling strong growth momentum. The organization ran a surplus of $212K, a strong 57% operating margin.

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.

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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 $111,034

Program Service Revenue $0

Investment Income $206,683

Other Revenue $52,241

TOTAL REVENUE $369,958

Expense Breakdown

Grants Paid $122,830

Salaries & Benefits $20,050

Fundraising Expenses $0

Program Expenses $122,830

Other Expenses $14,942

TOTAL EXPENSES $157,822

Year-over-Year Comparison

	2024	2023	Change
Revenue	$369,958	$194,891	+0.9%
Expenses	$157,822	$189,767	-0.2%
Net Income	$212,136	$5,124	+40.4%

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

668

Independent Members

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
JAMES CHULKAS	PRESIDENT	Officer	$0	$0	$0
ALFRED BAREFOOT	1ST VICE PRESIDENT	Officer	$0	$0	$0
VASILI TSOLIAS	2ND VICE PRESIDENT	Officer	$0	$0	$0
KATIE CHULKAS	SECRETARY	Officer	$0	$0	$0
PAUL KANOS	2ND SECRETARY	Officer	$0	$0	$0
JOHN TASSIOS	TREASURER	Officer	$0	$0	$0
TOMMY PAPPAS	2ND TREASURER	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	$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

EVRYTANIAN ASSOCIATION VELOUCHI INC