GAMMA IOTA SIGMA (EIN 237087235) - 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

1966

Legal Domicile

Principal Officer

GRACE GRANT

Phone

4849914471

Tax Period

2023-01-01 to 2023-12-31

GAMMA IOTA SIGMA, founded in 1966, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Expenses of $1.5M left a modest 4% surplus.

Mission

PROMOTE & SUSTAIN COLLEGIATE STUDENT INTEREST IN INSURANCE, RISK MANAGEMENT & ACTUARIAL SCIENCE.

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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 $26,692

Program Service Revenue $1,483,965

Investment Income $9,953

Other Revenue $0

TOTAL REVENUE $1,520,610

Expense Breakdown

Grants Paid $700

Salaries & Benefits $689,156

Fundraising Expenses $157,642

Program Expenses $976,820

Other Expenses $766,396

TOTAL EXPENSES $1,456,252

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,520,610	$1,550,944	0.0%
Expenses	$1,456,252	$1,144,665	+0.3%
Net Income	$64,358	$406,279	-0.8%

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

Volunteers

100

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

$200,625

Total Directors

$200,625

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GRACE GRANT	EXECUTIVE DIRECTOR	30.00	Officer Director	$196,165	$4,460	$200,625
MICHAEL KLEIN	PRESIDENT	0.90	Officer Director	$0	$0	$0
CARRIE BUSIC LOWE	IMMEDIATE PAST PRESIDENT	0.90	Officer Director	$0	$0	$0
BRADY KELLEY	VICE PRESIDENT	0.90	Officer Director	$0	$0	$0
KELLY HENNIGAN	TREASURER (AS OF 10/5/23)	0.90	Officer Director	$0	$0	$0
MATT HEIMSTEAD	SECRETARY	0.90	Officer Director	$0	$0	$0
JILL BISCO	TRUSTEE	0.90	Director	$0	$0	$0
BARBARA BUFKIN	TRUSTEE	0.90	Director	$0	$0	$0
STEPHANIE DUNSTAN	TRUSTEE	0.90	Director	$0	$0	$0
WILL GILCHRIST	TRUSTEE	0.90	Director	$0	$0	$0
MICHAEL HAWKINS	TRUSTEE	0.90	Director	$0	$0	$0
FLORENT NDINDJOCK	TRUSTEE	0.90	Director	$0	$0	$0
JOHN SMITH	TRUSTEE	0.90	Director	$0	$0	$0
ZANE SMITH	TRUSTEE	0.90	Director	$0	$0	$0
NICK ABRAHAM	TREASURER (THRU 10/5/23)	0.90	Officer Director	$0	$0	$0
STEPHEN MAROHN THRU 92023	IMMEDIATE PAST PRESIDENT	0.90	Officer Director	$0	$0	$0
ALYSSA BOUCHARD	VICE PRESIDENT, INDUSTRY ENGAGEMENT	35.00	Highest	$104,567	$11,332	$115,899

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	No data	No data	No data	No data
2023	$1,520,610	$1,456,252	$1,431,347	$64,358
2022	$1,550,944	$1,144,665	$1,150,758	$406,279
2021	$1,126,982	$933,088	$811,470	$193,894
2020	$1,190,018	$900,392	$570,906	$289,626
2019	$1,297,614	$1,241,684	$368,257	$55,930
2018	$1,044,992	$1,062,119	$213,871	$-17,127

GAMMA IOTA SIGMA