THETA XI ALUMNI ASSOCIATION

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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

1909

Legal Domicile

Principal Officer

FREDERICK HOLE

Phone

5182587107

Tax Period

2022-09-01 to 2023-08-31

THETA XI ALUMNI ASSOCIATION, founded in 1909, is a small nonprofit that reported $132K in total revenue in fiscal year 2022. Revenue surged 340% from the prior year, signaling strong growth momentum. The organization ran a surplus of $61K, a strong 46% operating margin.

Mission

PROVIDING ROOM, BOARD AND FELLOWSHIP TO MEMBERS OF COLLEGE FRATERNITY

Program Service Accomplishments

Program 1

PROVIDING HOUSING FOR ACTIVE CHAPTER OF COLLEGE FRATERNITY

Program 2

COMMUNICATIONS WITH ALUMNI ASSOCIATION MEMBERS TO PROVIDE SOCIAL OPPORTUNITIES AND FUNDRAISING

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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 $4,084

Program Service Revenue $125,000

Investment Income $87

Other Revenue $3,304

TOTAL REVENUE $132,475

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $71,050

TOTAL EXPENSES $71,050

Year-over-Year Comparison

	2022	2021	Change
Revenue	$132,475	$30,109	+3.4%
Expenses	$71,050	$25,453	+1.8%
Net Income	$61,425	$4,656	+12.2%

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

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
DAVID FOWKES	PRESIDENT	3.00	Officer Director	$0	$0	$0
DAVE MELIEK	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
FREDERICK HOLE	TREASURER	6.00	Officer Director	$0	$0	$0
ADRIAN PANGILINAN	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN PALOVCHAK	DIRECTOR	1.00	Director	$0	$0	$0
ANDY DEMARCO	DIRECTOR	1.00	Director	$0	$0	$0
KYLE HEINTZ	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES BOYLEN	FACULTY ADVISOR	1.00	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	$132,475	$71,050	$1,408,846	$61,425
2022	$30,109	$25,453	$1,365,401	$4,656
2021	$49,043	$36,229	$1,353,486	$12,814
2020	$114,217	$39,322	$1,326,243	$74,895
2019	$104,863	$25,984	$1,258,138	$78,879
2018	$89,786	$43,421	$1,197,239	$46,365