GREEKFEST CHARITY GALA INC

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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

2017

Legal Domicile

Principal Officer

GREGORY B SAAD

Phone

2514787223

Tax Period

2023-01-01 to 2023-12-31

GREEKFEST CHARITY GALA INC, founded in 2017, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $142K in total revenue in fiscal year 2023. Revenue fell 51% from the prior year — a significant decline worth monitoring.

Mission

OUR MISSION IS TO SERVE OTHERS IN NEED BY RAISING AWARENESS AND SUPPORT OF IDENTIFIED CHARITIES, BOTH LOCAL AND ORTHODOX CHRISTIAN MINISTRIES, THOUHGH A BROAD BASED COMMUNITY COLLABORATION AND COLLECTIVE SERVING IN CONCERT.

Program Service Accomplishments

Program 1

Expenses: $138,769 Revenue: $141,531

OUR MISSION IS TO SERVE OTHERS IN NEED BY RAISING AWARENESS AND SUPPORT OF IDENTIFIED CHARITIES, BOTH LOCAL AND ORTHODOX CHRISTIAN MINISTRIES, THROUGH A BROAD BASED COMMUNITY COLLABORATION AND...

OUR MISSION IS TO SERVE OTHERS IN NEED BY RAISING AWARENESS AND SUPPORT OF IDENTIFIED CHARITIES, BOTH LOCAL AND ORTHODOX CHRISTIAN MINISTRIES, THROUGH A BROAD BASED COMMUNITY COLLABORATION AND COLLECTIVE TALENTS SERVING IN CONCERT.

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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 $0

Program Service Revenue $141,531

Investment Income $0

Other Revenue $0

TOTAL REVENUE $141,531

Expense Breakdown

Grants Paid $83,428

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $138,769

Other Expenses $55,341

TOTAL EXPENSES $138,769

Year-over-Year Comparison

	2023	2022	Change
Revenue	$141,531	$287,236	-0.5%
Expenses	$138,769	$289,015	-0.5%
Net Income	$2,762	$-1,779	-2.6%

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	Role	Reportable Comp	Other Comp	Total
RYANE L FULGHAM	CO CHAIRMAN/	Officer Director	$0	$0	$0
DR STEPHANIE D GROSZ	CHAIRMAN	Officer Director	$0	$0	$0
LAWRENCE G FORD JR	PRESIDENT	Officer Director	$0	$0	$0
GREGORY B SAAD	TREASURER	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$141,531	$138,769	$5,750	$2,762
2022	$287,236	$289,015	$2,988	$-1,779
2021	$167,070	$165,456	$4,767	$1,614
2020	$4,125	$2,004	$3,153	$2,121
2019	$173,720	$174,337	$1,032	$-617
2018	$171,294	$170,191	$1,649	$1,103