CHI OMEGA FRATERNITY MU ALPHA BLDG… - Form 990 Financial Data

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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

1915

Legal Domicile

Principal Officer

KELLEY KENNEDY

Phone

5403180668

Tax Period

2023-07-01 to 2024-06-30

CHI OMEGA FRATERNITY MU ALPHA BLDG ASSOC C/O MOLLY TERMORSHUIZEN, founded in 1915, is a small nonprofit that reported $417K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $114K, a strong 27% operating margin.

Mission

CHI OMEGA IS A SISTERHOOD THAT PROVIDES A NETWORK OF FRIENDS AND LIFELONG DEVELOPMENT FOR THE COLLEGIATE AND ALUMNAE MEMBERS

Program Service Accomplishments

Program 1

THE MAJOR PROGRAM SERVICE ACCOMPLISHMENT IS TO MAINTAIN A SAFE AND COMFORTABLE HOME FOR THE MEMBERS OF THE CHI OMEGA SORORITY WHILE ATTENDING COLLEGE

Program 2

ANOTHER MAJOR PROGRAM SERVICE IS TO PROVIDE INCOME TO BE SET ASIDE FOR REPAIRS, ALTERATIONS, ADDITIONS AND/OR CONTRUCTION OF A NEW HOME WHEN NECESSARY

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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 $0

Program Service Revenue $416,288

Investment Income $722

Other Revenue $0

TOTAL REVENUE $417,010

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,103

Fundraising Expenses $0

Other Expenses $292,160

TOTAL EXPENSES $303,263

Year-over-Year Comparison

	2023	2022	Change
Revenue	$417,010	$356,142	+0.2%
Expenses	$303,263	$340,649	-0.1%
Net Income	$113,747	$15,493	+6.3%

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

N/A

Employees

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
KELLEY KENNEDY	PRESIDENT	1.00	Officer Director	$0	$0	$0
MOLLY TERMORSHUIZEN	TREASURER	1.00	Officer Director	$0	$0	$0
ERICA THURESON	SECRETARY	1.00	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
2025	No data	No data	No data	No data
2024	$417,010	$303,263	$825,718	$113,747
2023	$356,142	$340,649	$713,443	$15,493
2022	$341,372	$296,957	$700,518	$44,415
2021	$344,513	$283,163	$659,292	$61,350

CHI OMEGA FRATERNITY MU ALPHA BLDG ASSOC C/O MOLLY TERMORSHUIZEN