HELLENIC HEARTS

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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

JOHN AIVAZOGLOU

Phone

6108768880

Tax Period

2021-01-01 to 2021-12-31

HELLENIC HEARTS, founded in 2016, is a micro nonprofit in the Education sector that reported $15K in total revenue in fiscal year 2021. Expenses of $29K exceeded revenue, resulting in a 96% operating deficit.

Mission

PROVIDE ACADEMIC SCHOLARSHIPS AND COMMUNITY ASSISTANCE

Program Service Accomplishments

Program 1

Expenses: $26,750 Revenue: $14,778

PROVIDE ACADEMIC SCHOLARSHIPS, ASSISTANCE WITH THE COLLEGE ENTRANCE PROCESS, AND PROVIDE EMERGENCY ASSISTANCE TO THE LOCAL COMMUNITY AND PEOPLE.

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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 (2021)

Revenue Breakdown

Contributions & Grants $14,678

Program Service Revenue $0

Investment Income $8

Other Revenue $0

TOTAL REVENUE $14,686

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $26,750

Other Expenses $28,750

TOTAL EXPENSES $28,750

Year-over-Year Comparison

	2021	2020	Change
Revenue	$14,686	N/A	N/A
Expenses	$28,750	$17,990	+0.6%
Net Income	$-14,064	$-17,990	-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
JOHN AIVAZOGLOU	PRESIDENT	5.00	Officer Director	$0	$0	$0
NICHOLAS KARALIS	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
TIMOTHY VLASSOPOULOS	DIRECTOR SCHOLARSHIPS	5.00	Director	$0	$0	$0
LOUIE KARAPANAGIOTIDES	DIRECTOR EDUCATION	5.00	Director	$0	$0	$0
MARGARET ANTZOULATOS	DIRECTOR COMMUNICATIONS	5.00	Director	$0	$0	$0
KOSTAS MIKROPOULOS	DIRECTOR	5.00	Director	$0	$0	$0
RONALD MARKOS	DIRECTOR	5.00	Director	$0	$0	$0
NIKI MENDRINOS	DIRECTOR	5.00	Director	$0	$0	$0
MICHAEL BAPIS	DIRECTOR	5.00	Director	$0	$0	$0
JAMES KARALIS	DIRECTOR	5.00	Director	$0	$0	$0
ANGELO KARAKASIS	DIRECTOR	5.00	Director	$0	$0	$0
DEMITRIS HALAKOS	DIRECTOR	5.00	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
2021	$14,686	$28,750	$118,704	$-14,064
2020	No data	$17,990	$132,768	No data
2019	$115,280	$88,654	$150,758	$26,626
2018	$115,041	$96,243	$124,132	$18,798