THETA CHI FRATERNITY ZETA CHAPTER (EIN 222490805) - 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

2016

Legal Domicile

Principal Officer

RICHARD SHAHTANIAN

Phone

6035024405

Tax Period

2024-01-01 to 2024-12-31

THETA CHI FRATERNITY ZETA CHAPTER, founded in 2016, is a small nonprofit in the Recreation & Sports sector that reported $108K in total revenue in fiscal year 2024. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $131K exceeded revenue, resulting in a 21% operating deficit.

Mission

LOCAL CHAPTER OF A NATIONAL COLLEGIATE SOCIAL FRATERNITY

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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 $0

Program Service Revenue $106,384

Investment Income $0

Other Revenue $1,724

TOTAL REVENUE $108,108

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $130,504

Other Expenses $130,504

TOTAL EXPENSES $130,504

Year-over-Year Comparison

	2024	2023	Change
Revenue	$108,108	$213,956	-0.5%
Expenses	$130,504	$202,004	-0.4%
Net Income	$-22,396	$11,952	-2.9%

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

N/A

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
CONNOR MCGINLEY	PRESIDENT	10.00	Director	$0	$0	$0
KADEN DUMAS	VICE PRESIDENT	5.00	Director	$0	$0	$0
AIDAN JOHNSTON	VICE PRESIDENT OF HEALTH A	3.00	Director	$0	$0	$0
WILL CORREIA	SECRETARY	4.00	Director	$0	$0	$0
RICHARD SHAHTANIAN	TREASURER	3.00	Director	$0	$0	$0
BEN MACDOUGALL	SCHOLARSHIP CHAIR	4.00	Director	$0	$0	$0
JACK RYAN	RECRUITMENT CHAIR	7.00	Director	$0	$0	$0
BRADLEY RICHARDS	INTERFRATERNAL COUNCIL	2.00	Director	$0	$0	$0
JASON PINO	HOUSING DIRECTOR	5.00	Director	$0	$0	$0
JAKE APGAR	MARSHAL	6.00	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
2024	$108,108	$130,504	$27,182	$-22,396
2023	$213,956	$202,004	$49,578	$11,952
2022	$321,486	$307,432	$37,625	$14,054
2021	$311,999	$304,104	$23,571	$7,895
2020	$314,929	$344,662	$15,676	$-29,733

THETA CHI FRATERNITY ZETA CHAPTER