THE FOUNDATION CHAPTER OF THETA CH… - Form 990 Financial Data

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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

1953

Legal Domicile

Principal Officer

JAMES POWELL

Phone

3178241881

Tax Period

2024-07-01 to 2025-06-30

THE FOUNDATION CHAPTER OF THETA CHI FRATERNITY INC, founded in 1953, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $756K, a strong 29% operating margin.

Mission

TO SUPPORT EDUCATION AND CHARITY BY PROVIDING STUDY, SUPPORT, SCHOLARSHIPS, GRANTS AND OTHER INCENTIVES TO STUDENTS BY ASSISTING IN THE EFFICIENT USE OF EDUCATIONAL RESOURCES.

Program Service Accomplishments

Program 1

Expenses: $519,345

PROVIDES EDUCATIONAL SCHOLARSHIPS TO INDIVIDUAL MEMBERS OF THE ORGANIZATION FOR ADVANCEMENT OF THEIR EDUCATIONAL COLLEGE DEGREES AND GRADUATE DEGREES. GRANTS ARE PROVIDED TO THE GENERAL FRATERNITY...

PROVIDES EDUCATIONAL SCHOLARSHIPS TO INDIVIDUAL MEMBERS OF THE ORGANIZATION FOR ADVANCEMENT OF THEIR EDUCATIONAL COLLEGE DEGREES AND GRADUATE DEGREES. GRANTS ARE PROVIDED TO THE GENERAL FRATERNITY FOR FINANCIAL SUPPORT OF EDUCATIONAL PROGRAMMING AT LEADERSHIP CONFERENCES AND GENERAL EDUCATIONAL PROGRAMS AND SERVICES.

Program 2

Expenses: $190,314

PUBLICATION OF THE RATTLE, THETA CHI FRATERNITY'S OFFICAL MAGAZINE. IT IS PUBLISHED TWO TIMES PER YEAR- ONCE IN THE SUMMER AND ONCE IN THE WINTER. IT CONTAINS A VARIETY OF STORIES PERTAINING TO...

PUBLICATION OF THE RATTLE, THETA CHI FRATERNITY'S OFFICAL MAGAZINE. IT IS PUBLISHED TWO TIMES PER YEAR- ONCE IN THE SUMMER AND ONCE IN THE WINTER. IT CONTAINS A VARIETY OF STORIES PERTAINING TO ALUMNI AND UNDERGRADUATE NEWS, UPDATES FROM THE HEADQUARTERS, AND OTHER TOPICS OF INTEREST.

Program 3

Expenses: $261,892

OTHER PROGRAM SERVICES ARE PROVIDED TO INCREASE THE FOUNDATION ENDOWMENT THROUGH TAX DEDUCTIBLE DONATIONS IN AN EFFORT TO PROVIDE ADDITIONAL EDUCATIONAL SCHOLARSHIPS AND GRANTS FOR ITS UNDERGRADUATE AND GRADUATE STUDENTS. THESE SERVICES INCLUDE MAIL SOLICITATIONS, PLANNED GIVING PROGRAM, AND OTHER GIVING PROGRAMS.

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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 $1,676,205

Program Service Revenue $0

Investment Income $949,093

Other Revenue $-8

TOTAL REVENUE $2,625,290

Expense Breakdown

Grants Paid $694,345

Salaries & Benefits $0

Fundraising Expenses $508,735

Program Expenses $971,551

Other Expenses $1,174,535

TOTAL EXPENSES $1,868,880

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,625,290	$1,843,298	+0.4%
Expenses	$1,868,880	$1,548,579	+0.2%
Net Income	$756,410	$294,719	+1.6%

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
VANCE MAULTSBY	PRESIDENT	10.00	Officer Director	$0	$0	$0
STEVEN MUDDER	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
PAUL NORSTREM	SECRETARY	5.00	Officer Director	$0	$0	$0
ERIC JAYAWEERA	TREASURER	5.00	Officer Director	$0	$0	$0
PHIL PAPPAS	DIRECTOR	2.00	Director	$0	$0	$0
STEVE MACRI	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS OPRISON	DIRECTOR	2.00	Director	$0	$0	$0
BOB SASSER	DIRECTOR	2.00	Director	$0	$0	$0
MARVIN MCCONAGHY	DIRECTOR	2.00	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	$2,625,290	$1,868,880	$20,070,130	$756,410
2024	No data	No data	No data	No data
2023	$1,341,324	$1,764,697	$16,469,938	$-423,373
2022	$1,596,886	$1,244,771	$15,829,738	$352,115
2021	$1,822,164	$970,127	$18,208,879	$852,037
2020	$1,218,183	$976,382	$14,276,900	$241,801
2019	$2,190,786	$1,193,382	$14,113,677	$997,404
2018	$1,393,795	$1,154,774	$13,257,217	$239,021

THE FOUNDATION CHAPTER OF THETA CHI FRATERNITY INC