ST NICHOLAS CHARITIES 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

PANOS PARAMITHAS

Phone

6239100625

Tax Period

2023-01-01 to 2023-12-31

ST NICHOLAS CHARITIES INC, founded in 2017, is a small nonprofit in the Housing & Shelter sector that reported $147K in total revenue in fiscal year 2023. Revenue fell 46% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $73K, a strong 50% operating margin.

Mission

The purpose of the Corporation is to provide shelter for relief to indigent or afflicted persons who practice the Greek Orthodox Christian faith.

Program Service Accomplishments

Program 1

Expenses: $73,965 Revenue: $0

This year, the Organization provided shelter to five indigent families and one individual at no-cost to the indigent persons. The Organization does not charge rent, so there are no revenues...

This year, the Organization provided shelter to five indigent families and one individual at no-cost to the indigent persons. The Organization does not charge rent, so there are no revenues associated to with this program service. Total expenses to provide these services were $37,665, which primarily relate to paying the utilities and operating expenses for the homes, as presented and disclosed in the financial statements in Part IX. Contributions of $36,300 were also made in the current year. Total in-kind (non-cash) contributions received related to the payment of utility expenses for some of the residential properties paid by the 501(c)(3) organization that St. Nicholas Charities supports as a Type-1 509(a)(3) Org., and for the receipt of two vacant land parcels for future homes.

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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 $112,438

Program Service Revenue $0

Investment Income $34,288

Other Revenue $0

TOTAL REVENUE $146,726

Expense Breakdown

Grants Paid $36,300

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $73,965

Other Expenses $37,665

TOTAL EXPENSES $73,965

Year-over-Year Comparison

	2023	2022	Change
Revenue	$146,726	$270,679	-0.5%
Expenses	$73,965	$40,744	+0.8%
Net Income	$72,761	$229,935	-0.7%

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
Panos Paramithas	President and Chairman of the Board of Directors	1	Officer Director	$0	$0	$0
Evangelos Anastasopoulos	Secretary & Director	0.25	Officer Director	$0	$0	$0
Mark N Seidel	Treasurer & Director	0.5	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	No data	No data	No data	No data
2023	$146,726	$73,965	$1,127,115	$72,761
2022	$270,679	$40,744	$1,110,499	$229,935
2021	$373,984	$611,965	$773,193	$-237,981
2020	$26,089	$29,460	$1,011,174	$-3,371