RHODE ISLAND ALPHA CHAPTER OF SIGMA ALPHA EPSILON FRATERNITY ALUMNI ASSN INC (EIN 050261100) - 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

2008

Legal Domicile

Principal Officer

KEN IAVARONE

Phone

4015699884

Tax Period

2024-08-01 to 2025-07-31

RHODE ISLAND ALPHA CHAPTER OF SIGMA ALPHA EPSILON FRATERNITY ALUMNI ASSN INC, founded in 2008, is a micro nonprofit that reported $42K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $39K, a strong 93% operating margin.

Mission

TO PROMOTE FRATERNITY CAMARADERIE, SOCIAL AND RECREATIONAL ACTIVITIES AMOUNG ALUMNI AND UNDERGRADUATE MEMBERS.

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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 $0

Investment Income $42,068

Other Revenue $0

TOTAL REVENUE $42,068

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,114

TOTAL EXPENSES $3,114

Year-over-Year Comparison

	2024	2023	Change
Revenue	$42,068	$36,617	+0.1%
Expenses	$3,114	$-10,455	-1.3%
Net Income	$38,954	$47,072	-0.2%

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
JEFFREY S MCGUIRE	PRESIDENT	5.00	Officer Director	$0	$0	$0
IAN GANNON	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DAVID COMERFORD	SECRETARY	5.00	Officer Director	$0	$0	$0
KEN IAVARONE	TREASURER	2.00	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	$42,068	$3,114	$1,073,995	$38,954
2024	$36,617	$-10,455	$1,035,041	$47,072
2023	$27,822	$-3,720	$987,969	$31,542
2022	$15,779	$6,955	$956,427	$8,824
2021	$25,909	$13,516	$1,486,955	$12,393
2020	$28,951	$16,753	$1,474,562	$12,198
2019	$25,233	$20,535	$1,462,364	$4,698

RHODE ISLAND ALPHA CHAPTER OF SIGMA ALPHA EPSILON FRATERNITY ALUMNI ASSN INC