GREEK AMERICAN HEALTH SERVICES FOUNDATION

EIN: 831048507 501(c)(3) Health Care

WHEELING, IL

Total Revenue
$924,189
Total Expenses
$911,522
Total Assets
$1,427,833
Net Assets
$1,186,017
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
IL
Phone
8474598700
Tax Period
2024-06-01 to 2025-05-31

GREEK AMERICAN HEALTH SERVICES FOUNDATION, founded in 2018, is a small nonprofit in the Health Care sector that reported $924K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum.

Mission

TO CONDUCT, SPONSOR, PROMOTE, DEVELOP, OWN AND OPERATE FACILITIES AND PROGRAMS FOR THE AGED AND THE SICK IN NEED OF NURSING, REHABILITATION, MECIAL, SURGICAL AND DAY CARE.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $681,288
Program Service Revenue $332,400
Investment Income $0
Other Revenue $-89,499
TOTAL REVENUE $924,189

Expense Breakdown

Grants Paid $0
Salaries & Benefits $555,238
Fundraising Expenses $0
Program Expenses $670,601
Other Expenses $356,284
TOTAL EXPENSES $911,522

Year-over-Year Comparison

2024 2023 Change
Revenue $924,189 $721,748 +0.3%
Expenses $911,522 $924,581 0.0%
Net Income $12,667 $-202,833 -1.1%
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

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Governance

Voting Members
15
Independent Members
14
Employees
6
Volunteers
20

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
6
$191,082
Total Directors
15
$81,589
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELENI BOUSIS BOARD CHAIR 2.0
Officer Director
$0 $0 $0
MARIA HARDUVEL-BOYLE ASSISTANT SECRETARY 2.0
Officer Director
$0 $0 $0
PAULA A TOLAN-FRANCIS JD SECRETARY 2.0
Officer Director
$74,939 $6,650 $81,589
PETER G KARAHALIOS JD PRESIDENT 2.0
Officer Director
$0 $0 $0
PETER KOPSAFTIS TREASURER 2.0
Officer Director
$0 $0 $0
ATHENA KAMPAS DIRECTOR 2.0
Director
$0 $0 $0
DEAN S ARGIRIS DIRECTOR 2.0
Director
$0 $0 $0
DENISE MANIATIS DIRECTOR 2.0
Director
$0 $0 $0
GEORGE REVELIOTIS JD DIRECTOR 2.0
Director
$0 $0 $0
GEORGETTE GIGI PAPPAS DIRECTOR 2.0
Director
$0 $0 $0
JAMES G ROMAS DIRECTOR 2.0
Director
$0 $0 $0
MAGDALENA VERVILOS JD DIRECTOR 2.0
Director
$0 $0 $0
NICHOLAS A LALIOS DPM DIRECTOR 2.0
Director
$0 $0 $0
TEDDI GALANIS DIRECTOR 2.0
Director
$0 $0 $0
THERESA TZAKIS DIRECTOR 2.0
Director
$0 $0 $0
EFFIE LALIOS CHIEF FINANCIAL OFFICER 2.0
Officer
$92,653 $16,840 $109,493
LUDA STRUS BUSINESS OFFICE MANAGER 2.0
Highest
$100,873 $0 $100,873
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 $924,189 $911,522 $1,427,833 $12,667
2024 $721,748 $924,581 $1,414,322 $-202,833
2023 $775,354 $999,049 $1,165,628 $-223,695
2022 $258,784 $258,896 $1,320,735 $-112
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