GREEK AMERICA CULTURAL AND EDUCATIONAL FOUNDATION INC (EIN 811672793) - 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

2016

Legal Domicile

Principal Officer

DARDEN LIVESAY

Phone

4124270863

Tax Period

2023-01-01 to 2023-12-31

GREEK AMERICA CULTURAL AND EDUCATIONAL FOUNDATION INC, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $367K in total revenue in fiscal year 2023. Revenue fell 60% from the prior year — a significant decline worth monitoring.

Mission

TO PROMOTE, PRESERVE AND PERPETUATE GREEK CULTURE, HISTORY, HERITAGE, AND IDEALS IN NORTH AMERICA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $178,546

Program Service Revenue $156,152

Investment Income $21,137

Other Revenue $11,202

TOTAL REVENUE $367,037

Expense Breakdown

Grants Paid $88,596

Salaries & Benefits $65,169

Fundraising Expenses $36,362

Program Expenses $199,166

Other Expenses $247,618

TOTAL EXPENSES $401,383

Year-over-Year Comparison

	2023	2022	Change
Revenue	$367,037	$915,200	-0.6%
Expenses	$401,383	$908,598	-0.6%
Net Income	$-34,346	$6,602	-6.2%

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

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

$44,000

Total Directors

$44,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY PAPPAS	PRESIDENT	40.00	Officer Director	$44,000	$0	$44,000
DR EVANGELINE BELTSOS	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA LAMBRECHT	CO-CHAIR	1.00	Officer Director	$0	$0	$0
GEORGE LOGOTHETIS	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS PAPAVASILIOU	DIRECTOR	1.00	Director	$0	$0	$0
MANOS SIFAKIS	CO-CHAIR	1.00	Officer Director	$0	$0	$0
JOHN VARVATOS	DIRECTOR	1.00	Director	$0	$0	$0
SPIRO VERRAS	DIRECTOR	1.00	Director	$0	$0	$0
EMMANUEL YAKUMITHIS	DIRECTOR	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
2023	$367,037	$401,383	$354,045	$-34,346
2022	$915,200	$908,598	$370,598	$6,602
2021	$362,160	$346,023	$452,359	$16,137
2020	$223,111	$207,704	$426,565	$15,407
2019	$267,701	$215,549	$409,195	$52,152
2018	$255,968	$226,975	$361,880	$28,993

GREEK AMERICA CULTURAL AND EDUCATIONAL FOUNDATION INC