THE BETA FOUNDATION A FRATERNITY H… - 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

1936

Legal Domicile

Principal Officer

THOMAS HOLTEY

Phone

6175276809

Tax Period

2023-09-01 to 2024-08-31

THE BETA FOUNDATION A FRATERNITY HOUSE, founded in 1936, is a small nonprofit that reported $581K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $713K exceeded revenue, resulting in a 23% operating deficit.

Mission

OPERATION OF FRATERNITY HOUSE TO PROVIDE HOUSING AND MEALS FOR MASSACHUSETTS INSTITUTE OF TECHNOLOGY STUDENTS.

Program Service Accomplishments

Program 1

OPERATION OF FRATERNITY HOUSE/DORMITORY AND TO PROVIDE MEALS FOR MASSACHUSETTS INSTITUTE OF TECHNOLOGY STUDENTS.

Program 2

ACADEMIC ASSISTANCE GRANTED TO AID STUDENTS WITH THE PURCHASE OF BOOKS AND OTHER EDUCATIONAL COSTS. FUNDED FROM SET ASIDE FUNDS FOR EDUCATIONAL PURPOSES.

Program 3

MISCELLANEOUS EDUCATIONAL EXPENSE FOR CIVIC MEMBERSHIPS, DUES AND SUBSCRIPTIONS, COMPUTER AND FURNITURE, AND ALUMNI.

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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 $82,716

Program Service Revenue $470,645

Investment Income $27,534

Other Revenue $0

TOTAL REVENUE $580,895

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $711,553

TOTAL EXPENSES $712,553

Year-over-Year Comparison

	2023	2022	Change
Revenue	$580,895	$743,739	-0.2%
Expenses	$712,553	$611,141	+0.2%
Net Income	$-131,658	$132,598	-2.0%

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
NIKOLAI BEGG	DIRECTOR	1.00	Director	$0	$0	$0
PRASHANT DILWALI	DIRECTOR	1.00	Director	$0	$0	$0
JOHN E DONOHUE	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW VAN DUINON	DIRECTOR	1.00	Director	$0	$0	$0
TODD S HARRISON	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS HOLTEY	TREASURER	5.00	Officer Director	$0	$0	$0
THOMAS A HOLTEY	TREASURER	5.00	Officer Director	$0	$0	$0
WILLIAM W IRVING	MEMBER AT LA	5.00	Officer Director	$0	$0	$0
DAVID KEMPER	DIRECTOR	1.00	Director	$0	$0	$0
MARK LAMBERT	DIRECTOR	1.00	Director	$0	$0	$0
NICHOLAS D LEVITT	DIRECTOR	1.00	Director	$0	$0	$0
YOUSETT MARZOUK	DIRECTOR	1.00	Director	$0	$0	$0
DAVID K NEUBERGER	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM POPIK	SECRETARY	5.00	Officer Director	$0	$0	$0
JOSE A RAMOS	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE SACERDOTE	DIRECTOR	1.00	Director	$0	$0	$0
JASON P SALTER	DIRECTOR	1.00	Director	$0	$0	$0
JOSIAH D SEALE	DIRECTOR	1.00	Director	$0	$0	$0
KENT J SHARP	DIRECTOR	1.00	Director	$0	$0	$0
HAN SHU	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK SULLIVAN	DIRECTOR	1.00	Director	$0	$0	$0
VICTOR R TULLI	PRESIDENT	5.00	Officer Director	$0	$0	$0
DAMANI O WALTON	DIRECTOR	1.00	Director	$0	$0	$0
ARIEL WARSZAWSKI	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW WHEELER	DIRECTOR	1.00	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	$580,895	$712,553	$1,415,923	$-131,658
2023	$743,739	$611,141	$1,586,682	$132,598
2022	$751,896	$555,171	$1,444,737	$196,725
2021	$396,114	$320,766	$1,315,166	$75,348

THE BETA FOUNDATION A FRATERNITY HOUSE