Civic Intelligence

Three Hierarchs Academy Inc.

990 • Fiscal year 2021 • EIN 82-4938141

Aug 01, 2020 to Jul 31, 2021 • Filed on Dec 31, 2021

PO Box 2987Florence, AZ 85132

(520) 222-6358

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

82nd percentile

0.36x

Higher debt load relative to assets than 82% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

86th percentile

0.54x

Higher debt load relative to revenue than 86% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

65th percentile

23%

Higher net margin than 65% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

88th percentile

77%

Faster asset growth than 88% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

19th percentile

-16%

Faster revenue growth than 19% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$539,850

Up $234,468 (+77%) from 2020

Net Assets

Up

$344,034

Up $82,142 (+31%) from 2020

Liabilities

Up

$195,816

Up $152,326 (+350%) from 2020

Revenue

Down

$360,046

Down $69,411 (-16%) from 2020

Expenses

Up

$277,905

Up $35,017 (+14%) from 2020

Net Income

Down

$82,141

Down $104,428 (-56%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2019: $75,324Liabilities 2019: $0Net Assets 2019: $75,3242019Assets 2020: $305,382Liabilities 2020: $43,490Net Assets 2020: $261,8922020Assets 2021: $539,850Liabilities 2021: $195,816Net Assets 2021: $344,0342021Assets 2022: $1,008,880Liabilities 2022: $505,682Net Assets 2022: $503,1982022Assets 2023: $1,160,060Liabilities 2023: $669,889Net Assets 2023: $490,1712023Assets 2024: $966,117Liabilities 2024: $590,566Net Assets 2024: $375,5512024Assets 2025: $867,578Liabilities 2025: $590,388Net Assets 2025: $277,1902025

Highlighted filing

2021

Assets$539,850
Liabilities$195,816
Net Assets$344,034

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2019: $401,146Expenses 2019: $325,822Net Income 2019: $75,3242019Revenue 2020: $429,457Expenses 2020: $242,888Net Income 2020: $186,5692020Revenue 2021: $360,046Expenses 2021: $277,905Net Income 2021: $82,1412021Revenue 2022: $533,814Expenses 2022: $374,650Net Income 2022: $159,1642022Revenue 2023: $543,214Expenses 2023: $556,241Net Income 2023: -$13,0272023Revenue 2024: $447,628Expenses 2024: $562,248Net Income 2024: -$114,6202024Revenue 2025: $378,976Expenses 2025: $477,337Net Income 2025: -$98,3612025

Highlighted filing

2021

Revenue$360,046
Expenses$277,905
Net Income$82,141
Jump To
Filing Snapshot
Filing Period
Aug 1, 2020 to Jul 31, 2021
Signed
Dec 31, 2021
Return Version
2020v4.0
Gross Receipts
$360,046
Mission and Program Overview

Mission

3HA encourages our students' growth as Orthodox Christians and valued members of society through comprehensive bilingual education with Orthodox Christian content and a traditional approach, focusing on Greek (the language of the New Testament and the Church Fathers), mental math, phonics-based reading, early-age cursive handwriting, natural and applied sciences, critical thinking, and athletics.

Three Hierarchs Academy (3HA) encourages our students' growth as Orthodox Christians and valued members of society through comprehensive bilingual education with Orthodox Christian content and a traditional approach.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$230,721$315,245▲ $84,524
Cash and Non-Interest-Bearing Accounts$74,662$224,605▲ $149,943
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$305,383$539,850▲ $234,467
Other Assets Total$0$0→ $0
Liabilities
Unsecured Notes Loans Payable$0$150,000▲ $150,000
Mortgage Notes Payable Secured by Investment Property$43,490$36,016▼ $7,474
Deferred Revenue$0$9,800▲ $9,800
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Other Liabilities$0--
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$43,490$195,816▲ $152,326
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$261,893$344,034▲ $82,141
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$261,893$344,034▲ $82,141
Total Liabilities and Net Assets / Fund Balance$305,383$539,850▲ $234,467

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$257,368$9,167$266,535
Land$31,197-$31,197
Leasehold Improvements$18,832$3,138$21,970
Equipment$7,848$4,170$12,018
Other Land Buildings$0$0$0
Compensation and Service Providers

Board Members and Trustees

NameTitle
Alex TrigonisPresident & Chairman
Olga ZatushevskayaVice President & Director
Alexandra TrigonisDirector
Jackie GoodsonDirector
Seraphim LarsenSecretary & Director
Angelo KaldisExchequer
Michael ZatushevskyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$97,264
Program Service Revenue
$262,782
Investment Income
$0
Other Revenue
$0
All Other Contributions
$97,264
Change in Net Assets
$82,141
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$220,738
Other Expenses$57,167
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$202,932$0$0$202,932
Payroll Taxes$17,806$0$0$17,806
Insurance$1,064$8,568$0$9,632
Depreciation Depletion$7,658$851$0$8,509
All Other Expenses$919$5,047$0$5,966
Advertising$0$5,578$0$5,578
Fees for Services Other$0$3,815$0$3,815
Fees for Services Legal$0$3,500$0$3,500
Office Expenses$0$2,569$0$2,569
Other Expenses$0$1,392$0$1,392
Information Technology$1,016$339$0$1,355
Total Functional Expenses$246,246$31,659$0$277,905
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Family Relationship - Alex Trigonis and Alexandra Trigonis are husband and wife. Michael Zatushevsky and Olga Zatushevskaya are husband and wife.

Form 990, Part VI, Section A, Line 6

The organization has Members and no stockholders. Financial decisions or transactions in excess of $100,000 require approval from the Members, including any amendments to the governing documents of the Organization.

Form 990, Part VI, Section A, Line 7A

The Organization's Members have the power to elect or appoint Directors.

Form 990, Part VI, Section A, Line 7B

Financial decisions or transactions in excess of $100,000 require approval from the Members.

Form 990, Part VI, Section B, Line 11B

Form 990 is prepared by and accountant along with the financial statements for the Organization and reviewed by the Finance Committee. Form 990 is then distributed to each of the Directors and all Officers of the Organization for their review and approval. The Finance Committee then compiles the Directors' and Officers' comments and updates Form 990 with any revisions. The updated Form 990 is then sent to the Organization's Treasure for his final review, approval and signature. A copy of the completed Form 990 is kept by the Treasurer for the Organization's records.

Form 990, Part VI, Section B, Line 15

Salaries of other private school teachers in Arizona. Annual salaries are reviewed and approved by the Board of Directors at the Annual Meeting as part of the Annual Budget Review. Any bonuses or other compensation recommended by the Organization's Principal(s) or any Officer or Director are also reviewed and approved by the Board of Directors.

Form 990, Part VI, Section C, Line 19

The Articles of Incorporation for the Organization, including the known place of business, Statutory Agent's address and contact information are publicly available through the Arizona Corporation Commission's website at azcc.gov. The Organization's other governing documents, including the Bylaws and the conflict of interest policy are available upon request.

Filing and Contact Details

Filer

Filer Name
Three Hierarchs Academy Inc
EIN
82-4938141
Phone
5202226358
Address
PO Box 2987, Florence, AZ 85132

Signing Officer

Name
Michael Zatushevsky
Title
Treasurer
Phone
8587224034
Signed
2021-12-31

Organization Details

Principal Officer
Alex Trigonis
Formed
2018
Legal Domicile
Az
Voting Board Members
5
Independent Board Members
4
Employees
11
Volunteers
3
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IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDENT & DIRECTOR
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IRS990/MissionDesc03HA encourages our students' growth as Orthodox Christians and valued members of society through comprehensive bilingual education with Orthodox Christian content and a traditional approach, focusing on Greek-the language of the New Testament and the Church Fathers-Euclidean geometry, mental math, phonics-based reading, early-age cursive handwriting, natural and applied sciences, critical thinking, and athletics.
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