IOTA CHAPTER OF ALPHA SIGMA PHI HOUSING CORPORATION (EIN 150536982) - 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

WHINFIELD MELVILLE

Phone

6072725550

Tax Period

2023-07-01 to 2024-06-30

IOTA CHAPTER OF ALPHA SIGMA PHI HOUSING CORPORATION, founded in 1910, is a micro nonprofit that reported $97K in total revenue in fiscal year 2023. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $115K exceeded revenue, resulting in a 18% operating deficit.

Mission

TO PROVIDE A RESIDENTIAL FACILITY FOR UNDERGRADUATES TO LIVE, STUDY AND PARTICIPATE IN SOCIAL ACTIVITIES AND ATHLETIC EVENTS. THE MEMBERS ALSO PARTICIPATE IN VOLUNTEER ACTIVITIES TO SUPPORT THE COMMUNITY. THE ORGANIZATION PROVIDES A PLACE FOR ALUMNI TO VISIT AND PARTICIPATE IN SOCIAL EVENTS ASSOCIATED WITH CORNELL OR ORGANIZED BY THE CHAPTER.

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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 (2023)

Revenue Breakdown

Contributions & Grants $90,363

Program Service Revenue $1,933

Investment Income $4,450

Other Revenue $0

TOTAL REVENUE $96,746

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $114,582

TOTAL EXPENSES $114,582

Year-over-Year Comparison

	2023	2022	Change
Revenue	$96,746	$309,016	-0.7%
Expenses	$114,582	$152,735	-0.2%
Net Income	$-17,836	$156,281	-1.1%

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
TOM PAGANI	PRESIDENT	1.00	Officer Director	$0	$0	$0
ANTON VOLKMANN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CAMERON GRIFFITH	SECRETARY	1.00	Officer Director	$0	$0	$0
WHINFIELD MELVILLE	TREASURER	1.00	Officer Director	$0	$0	$0
STEVEN CRAVEN	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
RICH GROUSSET	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
LEE O'CONNOR	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
FRANK THOMSON	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
JASON STIPE	MEMBER-AT-LARGE	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
2025	No data	No data	No data	No data
2024	$96,746	$114,582	$1,736,008	$-17,836
2023	$309,016	$152,735	$1,604,384	$156,281
2022	$184,526	$164,747	$1,547,355	$19,779
2021	$205,816	$191,508	$1,465,590	$14,308
2020	$201,217	$188,823	$1,471,901	$12,394
2019	$152,594	$146,277	$1,421,982	$6,317

IOTA CHAPTER OF ALPHA SIGMA PHI HOUSING CORPORATION