LAMBDA THETA PHI LATIN FRATERNITY INC

EIN: 223404044 Mutual Benefit

PARSIPPANY, NJ

Total Revenue
$388,529
Total Expenses
$517,858
Total Assets
$163,815
Net Assets
$163,815
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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

Principal Officer
JEFFERY CHAVEZ
Phone
9542583825
Tax Period
2023-08-01 to 2024-07-31

LAMBDA THETA PHI LATIN FRATERNITY INC is a small nonprofit in the Mutual Benefit sector that reported $389K in total revenue in fiscal year 2023. Revenue surged 74% from the prior year, signaling strong growth momentum. Expenses of $518K exceeded revenue, resulting in a 33% operating deficit.

Mission

LAMBDA THETA PHI WAS CREATED TO PROMOTE THE SPIRIT OF BROTHERHOOD, TO PROTECT THE RIGHTS OF LATINO STUDENTS IN HIS/HER QUEST FOR AN EDUCTION, TO PROMOTE THE RICH LATINO CULTURE, AND TO MAXIMIZE THE POTENTIAL TO PROVIDE GUIDANCE TO OUR COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $15,045
Program Service Revenue $372,369
Investment Income $101
Other Revenue $1,014
TOTAL REVENUE $388,529

Expense Breakdown

Grants Paid $0
Salaries & Benefits $39,364
Fundraising Expenses $0
Other Expenses $478,494
TOTAL EXPENSES $517,858

Year-over-Year Comparison

2023 2022 Change
Revenue $388,529 $223,747 +0.7%
Expenses $517,858 $285,015 +0.8%
Net Income $-129,329 $-61,268 +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

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Governance

Voting Members
13
Independent Members
13
Employees
2
Volunteers
15

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
2
$0
Total Directors
11
$51,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFFERY CHAVEZ NATIONAL PRE 10.00
Officer
$0 $0 $0
SAMUEL ANGEL NATIONAL VP 10.00
Officer
$0 $0 $0
MARKUS CANTU-OLIVAREZ COMMUNICATIO 10.00
Director
$0 $0 $0
ANTONIO ALVA DIRECTOR OF 10.00
Director
$0 $0 $0
JOSEPH SCIANCALEPORE DIR OF INDUC 10.00
Director
$0 $0 $0
HECTOR PIMENTEL ALUMNI AFFAI 10.00
Director
$0 $0 $0
JESSY JIMENEZ COMMUNITY DE 10.00
Director
$0 $0 $0
ENMANUEL VALERIO TECHNOLOGY D 10.00
Director
$12,000 $0 $12,000
ADALBERTO CASTREJON MEMBERSHIP D 10.00
Director
$0 $0 $0
ARMANDO RIJO DIR OF EXPAN 10.00
Director
$0 $0 $0
ADALBERTO BARCENAS COLLEGIATE A 10.00
Director
$0 $0 $0
CESAR ALVARADO PUBLIC PERFO 10.00
Director
$0 $0 $0
ANDREW RAMJIT EXECUTIVE DI 20.00
Director
$39,000 $0 $39,000
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 $388,529 $517,858 $163,815 $-129,329
2023 $223,747 $285,015 $293,144 $-61,268
2022 $191,289 $121,637 $354,729 $69,652
2018 $325,143 $320,954 $62,426 $4,189
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