THE FOUNDATION CHAPTER OF THETA CHI FRATERNITY INC

EIN: 214014559 501(c)(3)

CARMEL, IN

Total Revenue
$2,625,290
Total Expenses
$1,868,880
Total Assets
$20,070,130
Net Assets
$19,599,146
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1953
Legal Domicile
IN
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.

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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 (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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
35

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
9
$0
Key Employees
0
$0
Highest Compensated
0
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
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