MIT CHAPTER OF SIGMA NU FRATERNITY

EIN: 043221020

BOSTON, MA

Total Revenue
$404,265
Total Expenses
$434,227
Total Assets
$10,724
Net Assets
$10,095
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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
2013
Legal Domicile
MA
Principal Officer
ERNESTO GOMEZ
Phone
5629422169
Tax Period
2023-01-01 to 2023-12-31

MIT CHAPTER OF SIGMA NU FRATERNITY, founded in 2013, is a small nonprofit that reported $404K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

TO DEVELOP ETHICAL LEADERS INSPIRED BY THE PRINCLES OF LOVE, HONOR AND TRUTH; TO FOSTER THE PERSONAL GROWTH OF EACH MAN'S MIND, HEART AND CHARACTER; TO PERPETUATE LIFELONG FRIENDSHIPS AND COMMITMENT TO THE 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $63,999
Program Service Revenue $340,266
Investment Income $0
Other Revenue $0
TOTAL REVENUE $404,265

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $427,816
Other Expenses $434,227
TOTAL EXPENSES $434,227

Year-over-Year Comparison

2023 2022 Change
Revenue $404,265 $365,176 +0.1%
Expenses $434,227 $380,049 +0.1%
Net Income $-29,962 $-14,873 +1.0%
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

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Governance

Voting Members
4
Independent Members
4
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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAMERON YOUNG PRESIDENT 5.00
Officer Director
$0 $0 $0
ERNESTO GOMEZ TREASURER 5.00
Officer Director
$0 $0 $0
MANNENDRI OLIVARES VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
MERRILL CHIANG CLERK 3.00
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
2024 No data No data No data No data
2023 $404,265 $434,227 $10,724 $-29,962
2022 $365,176 $380,049 $40,057 $-14,873
2021 $189,525 $182,830 $54,930 $6,695
2020 $197,789 $200,302 $48,235 $-2,513
2019 $400,336 $359,770 $50,748 $40,566
2018 $247,729 $269,909 $10,182 $-22,180
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