HELLENIC BOSTON BUSINESSES UNITE

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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

2023

Legal Domicile

Principal Officer

PATRICIA M ASIMACOS

Phone

6178341263

Tax Period

2025-01-01 to 2025-12-31

HELLENIC BOSTON BUSINESSES UNITE, founded in 2023, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $19K in total revenue in fiscal year 2025. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $21K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PROVIDE OPPORTUNITIES FOR BOSTON BASED ENTREPRENEURS AND MANAGERS OF HELLENIC BACKGROUNDS AND PHILHELLENES WITH OPPORTUNITIES TO CONNECT AND NETWORK AND UPLIFT THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $12,424 Revenue: $18,566

NETWORKING EVENTS AND GATHERINGS OF EASTERN MA AREA HELLENIC BUSINESS OWNERS AND MANAGERS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $650

Program Service Revenue $17,916

Investment Income $0

Other Revenue $0

TOTAL REVENUE $18,566

Expense Breakdown

Grants Paid $6,108

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $12,424

Other Expenses $14,947

TOTAL EXPENSES $21,055

Year-over-Year Comparison

	2025	2024	Change
Revenue	$18,566	$29,298	-0.4%
Expenses	$21,055	$24,891	-0.2%
Net Income	$-2,489	$4,407	-1.6%

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
PATRICIA ASIMACOS	PRESIDENT	002.00	Officer Director	$0	$0	$0
CHRIS SALAMINS-RIVERA	VICE PRESIDENT	002.00	Officer Director	$0	$0	$0
RENNA HAGGERTY	SECRETARY	002.00	Officer Director	$0	$0	$0
ALI PAPAKYRIKOS	DIRECTOR	002.00	Director	$0	$0	$0
GEORGE FAGGAS	DIRECTOR	002.00		$0	$0	$0
DENA SKEADAS	DIRECTOR	002.00	Director	$0	$0	$0
ANNA EFTHIMIADIS	SECRETARY	002.00	Officer Director	$0	$0	$0
ELENI THEOCHARI	DIRECTOR	002.00		$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	$18,566	$21,055	$3,758	$-2,489
2024	$29,298	$24,891	$6,246	$4,407
2023	$11,479	$9,640	$2,443	$1,839