FRIENDS OF EL SISTEMA GREECE

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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

ZAF BASHA

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF EL SISTEMA GREECE, founded in 2017, is a small nonprofit in the Human Services sector that reported $429K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $80K, a strong 19% operating margin.

Mission

El Sistema Greece is a community music project that provides free music education to children and young people in Greece.

Program Service Accomplishments

Program 1

Expenses: $329,819

The program nurtures community, social inclusion, and personal growth through collective music practice, positively impacting students, their families, and society. Since its founding in 2016, over 3,425 young people age 5-26 have benefited from El Sistema Greece initiatives, and have made a lasting impact on their families and wider communities.

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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 $402,897

Program Service Revenue $0

Investment Income $25,784

Other Revenue $0

TOTAL REVENUE $428,681

Expense Breakdown

Grants Paid $321,046

Salaries & Benefits $0

Fundraising Expenses $17,592

Program Expenses $329,819

Other Expenses $9,818

TOTAL EXPENSES $348,456

Year-over-Year Comparison

	2024	2023	Change
Revenue	$428,681	$394,799	+0.1%
Expenses	$348,456	$398,205	-0.1%
Net Income	$80,225	$-3,406	-24.6%

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

N/A

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
ADELAIDE PREVOT-SAILLER	DIRECTOR	001.00	Director	$0	$0	$0
ROMAIN PAPADDIAN	BOARD MEMBER	001.00	Director	$0	$0	$0
MARIE HELENE ZAVALA	BOARD MEMBER	001.00	Director	$0	$0	$0
ANIS BARNAT	BOARD MEMBER	001.00	Director	$0	$0	$0
ZAF BASHA	TREASURER	001.00	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	$428,681	$348,456	$521,419	$80,225
2023	$394,799	$398,205	$440,205	$-3,406
2022	$370,381	$264,712	$443,611	$105,669
2021	$381,823	$271,885	$337,942	$109,938
2020	$313,644	$243,877	$228,004	$69,767