Theta Corporation of Theta Chi Fraternity (EIN 046144059) - Form 990 Financial Analysis & Trantor Score

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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

1910

Legal Domicile

Principal Officer

Rich Partridge

Phone

5086672034

Tax Period

2024-07-01 to 2025-06-30

Theta Corporation of Theta Chi Fraternity, founded in 1910, is a small nonprofit that reported $226K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $210K left a modest 7% surplus.

Mission

Provided housing to fraternity members at the University of Massachusetts.

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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 $0

Program Service Revenue $225,552

Investment Income $2

Other Revenue $0

TOTAL REVENUE $225,554

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $209,861

TOTAL EXPENSES $209,861

Year-over-Year Comparison

	2024	2023	Change
Revenue	$225,554	$245,202	-0.1%
Expenses	$209,861	$154,203	+0.4%
Net Income	$15,693	$90,999	-0.8%

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
Justin Fox	Director	1	Director	$0	$0	$0
Matt Provencher	Director	1	Director	$0	$0	$0
John Beeman	President/Secretary	2	Officer	$0	$0	$0
David Marzilli	Vice President	1	Officer	$0	$0	$0
Rich Partridge	Treasurer	2	Officer	$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	$225,554	$209,861	$861,980	$15,693
2024	$245,202	$154,203	$880,844	$90,999
2023	$206,178	$183,113	$811,566	$23,065
2022	$177,483	$118,480	$865,715	$59,003
2021	$154,506	$127,361	$823,714	$27,145

Theta Corporation of Theta Chi Fraternity