THE ATHENA HOUSE CORPORATION INC (EIN 593304257) - 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

1995

Legal Domicile

Principal Officer

MICHAEL GAVALAS

Phone

8503868500

Tax Period

2024-01-01 to 2024-12-31

THE ATHENA HOUSE CORPORATION INC, founded in 1995, is a small nonprofit in the Education sector that reported $495K in total revenue in fiscal year 2024. Expenses of $568K exceeded revenue, resulting in a 15% operating deficit.

Mission

RESPONSIBLE FOR THE OPERATION OF THE HOUSING FOR THE MEMBERS OF THE PHI DELTA THETA FRATERNITY AT FLORIDA STATE UNIVERSITY (FLORIDA GAMMA CHAPTER).

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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 $494,821

Investment Income $6

Other Revenue $0

TOTAL REVENUE $494,827

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $567,768

TOTAL EXPENSES $567,768

Year-over-Year Comparison

	2024	2023	Change
Revenue	$494,827	$477,298	+0.0%
Expenses	$567,768	$564,124	+0.0%
Net Income	$-72,941	$-86,826	-0.2%

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
ROBERT BERTO	TRUSTEE	0.50	Director	$0	$0	$0
ROBERT CARNES	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
MICHAEL GAVALAS	PRESIDENT	2.00	Officer Director	$0	$0	$0
DAVID ZIMMERMAN	TREASURER	2.00	Officer 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	$494,827	$567,768	$1,866,099	$-72,941
2023	$477,298	$564,124	$1,966,830	$-86,826
2022	$445,716	$486,300	$2,032,263	$-40,584
2021	$431,790	$434,961	$2,133,626	$-3,171
2020	$68,500	$296,402	$2,256,347	$-227,902

THE ATHENA HOUSE CORPORATION INC