BETA ETA CORPORATION

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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

1949

Legal Domicile

Principal Officer

Kevin McDonnell

Phone

9018331868

Tax Period

2022-07-01 to 2023-06-30

BETA ETA CORPORATION, founded in 1949, is a small nonprofit that reported $453K in total revenue in fiscal year 2022. Expenses of $571K exceeded revenue, resulting in a 26% operating deficit.

Mission

TO PROVIDE AN ATMOSPHERE THAT PROMOTES FRATERNAL SPIRIT AND BENEVOLENCE.

Program Service Accomplishments

Program 1

Expenses: $478,830 Revenue: $446,483

PROVIDING AN ATMOSPHERE OF BROTHERLY ACHIEVEMENT THROUGH MUTUAL GOALS AND ASPIRATIONS THROUGH THE PROVISION OF STUDENT HOUSING.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $453,357

Investment Income $0

Other Revenue $0

TOTAL REVENUE $453,357

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $478,830

Other Expenses $570,773

TOTAL EXPENSES $570,773

Year-over-Year Comparison

	2022	2021	Change
Revenue	$453,357	$421,500	+0.1%
Expenses	$570,773	$478,930	+0.2%
Net Income	$-117,416	$-57,430	+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

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
Kevin McDonnell	Acting President	10	Officer Director	$0	$0	$0
JR Parsons	Director	4	Director	$0	$0	$0
Michael Riley	Director	2	Director	$0	$0	$0
Chris Ward	Director	2	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
2023	$453,357	$570,773	$4,577,521	$-117,416