FRIENDS OF THE LAMBDA PHI CHAPTER … - 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

1978

Legal Domicile

Principal Officer

MR MATHEW GEORGE JR

Phone

2673506541

Tax Period

2024-06-01 to 2025-05-31

FRIENDS OF THE LAMBDA PHI CHAPTER OF THE ALPHA DELTA PHI FRATERNITY I, founded in 1978, is a small nonprofit that reported $469K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $79K, a strong 17% operating margin.

Mission

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR PLEASURE, RECREATION AND OTHER NON-PROFITABLE PURPOSES, WITHIN THE MEANING OF SECTION 501(C) (7) OF THE INTERNAL REVENUE CODE, INCLUDING, WITHOUT LIMITATION, THE FRATERNITY HAS A MEMBERSHIP CLASS THAT IS COMPRISED OF THE CHAPTER'S ALUMNI. THE MEMBERSHIP ROLLS INCREASE AS STUDENTS GRADUATE AND BECOME ALUMNI. THE MEMBERS ELECT THE BOARD OF TRUSTEES BUT HAVE NO OVERSIGHT OR SUPERVISION OVER THE DECISIONS OF THE BOARD OF DIRECTORS.

Program Service Accomplishments

Program 1

THE ORGANIZATION'S PRIMARY PROGRAM SERVICE ACTIVITY IS TO PROVIDE ROOM AND BOARD, AS WELL AS SOCIAL AND EDUCATIONAL PROGRAMS, FOR THE LAMBDA PHI CHAPTER OF THE ALPHA DELTA PHI FRATERNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $66,599

Program Service Revenue $174,626

Investment Income $78,575

Other Revenue $149,178

TOTAL REVENUE $468,978

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $390,246

TOTAL EXPENSES $390,246

Year-over-Year Comparison

	2024	2023	Change
Revenue	$468,978	$376,285	+0.2%
Expenses	$390,246	$289,739	+0.3%
Net Income	$78,732	$86,546	-0.1%

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

Governance

Voting Members

Independent Members

Employees

N/A

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
N/A	CHAIRMAN, DI	1.00	Officer Director	$0	$0	$0
N/A	PRESIDENT, D	3.00	Officer Director	$0	$0	$0
N/A	VICE-PRESIDE	1.00	Officer Director	$0	$0	$0
MR MATHEW GEORGE JR	TREASURER, D	2.00	Officer Director	$0	$0	$0
N/A	SECRETARY, D	1.00	Officer Director	$0	$0	$0
N/A	DIRECTOR OF	1.00	Officer Director	$0	$0	$0
N/A	TREASURER, D	2.00	Director	$0	$0	$0
N/A	DIRECTOR	N/A	Director	$0	$0	$0
N/A	DIRECTOR	1.00	Director	$0	$0	$0
N/A	DIRECTOR	1.00	Director	$0	$0	$0
MR RYAN DASPIT	DIRECTOR	1.00	Director	$0	$0	$0
N/A	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
2025	$468,978	$390,246	$2,929,497	$78,732
2024	$376,285	$289,739	$2,820,091	$86,546
2023	$388,502	$278,767	$2,632,724	$109,735
2022	$406,850	$241,307	$2,575,070	$165,543
2021	$155,030	$271,392	$2,507,218	$-116,362

FRIENDS OF THE LAMBDA PHI CHAPTER OF THE ALPHA DELTA PHI FRATERNITY I