LAMBDA BETA CHAPTER OF CHI OMEGA

EIN: 056022503

Kingston, RI

Total Revenue
$261,457
Total Expenses
$218,730
Total Assets
$86,330
Net Assets
$57,461
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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
1922
Legal Domicile
RI
Principal Officer
Gracyn Kane
Tax Period
2023-02-01 to 2024-01-31

LAMBDA BETA CHAPTER OF CHI OMEGA, founded in 1922, is a small nonprofit that reported $261K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $43K, a strong 16% operating margin.

Mission

Promotes education social activities & unity among sorority 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $261,457
Investment Income $0
Other Revenue $0
TOTAL REVENUE $261,457

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $216,011
Other Expenses $218,730
TOTAL EXPENSES $218,730

Year-over-Year Comparison

2023 2022 Change
Revenue $261,457 $213,813 +0.2%
Expenses $218,730 $210,538 +0.0%
Net Income $42,727 $3,275 +12.0%
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
N/A
Employees
N/A
Volunteers
15

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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Chloe Mason President 0.00
Officer
$0 $0 $0
Megan Angell Vice President 0.00
Officer
$0 $0 $0
Kara Oldham Secretary 0.00
Officer
$0 $0 $0
Gracyn Kane Treasurer 0.00
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
2024 $261,457 $218,730 $86,330 $42,727
2023 $213,813 $210,538 $51,648 $3,275
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