LAMBDA CORPORATION (EIN 237129434) - 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

1954

Legal Domicile

Principal Officer

DOUG MITCHELL

Phone

3144789983

Tax Period

2024-07-01 to 2025-06-30

LAMBDA CORPORATION, founded in 1954, is a small nonprofit that reported $111K in total revenue in fiscal year 2024. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $150K exceeded revenue, resulting in a 36% operating deficit.

Mission

LAMBDA CORPORATION OWNS AND MAINTAINS A FRATERNITY HOUSE, PHI GAMMA DELTA, AT DEPAUW UNIVERSITY TO SUPPORT THE EDUCATIONAL PURSUITS OF OUR YOUTH.

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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 $41,205

Program Service Revenue $30,987

Investment Income $714

Other Revenue $37,675

TOTAL REVENUE $110,581

Expense Breakdown

Grants Paid $0

Salaries & Benefits $38,760

Fundraising Expenses $0

Program Expenses $148,742

Other Expenses $111,261

TOTAL EXPENSES $150,021

Year-over-Year Comparison

	2024	2023	Change
Revenue	$110,581	$292,147	-0.6%
Expenses	$150,021	$236,590	-0.4%
Net Income	$-39,440	$55,557	-1.7%

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

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
DOUG MITCHELL	PRESIDENT	40.00	Officer Director	$0	$0	$0
RUSSELL LAMORE	TREASURER	5.00	Officer Director	$0	$0	$0
TIMOTHY ZALETEL	SECRETARY	2.00	Officer Director	$0	$0	$0
GEORGE LORTZ	DIRECTOR	5.00	Officer Director	$0	$0	$0
JAMES MOORE	DIRECTOR	2.00	Officer Director	$0	$0	$0
PETER FELLEGY	DIRECTOR	1.00	Officer Director	$0	$0	$0
WADE NICHOLS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN AXELBERG	DIRECTOR	1.00	Director	$0	$0	$0
STEVE JACOBS	DIRECTOR	1.00	Director	$0	$0	$0
PAUL QUA	DIRECTOR	1.00	Director	$0	$0	$0
WESLEY ROYCE	DIRECTOR	1.00	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	$110,581	$150,021	$2,859,009	$-39,440
2024	$292,147	$236,590	$2,971,989	$55,557
2023	$139,327	$164,950	$2,987,046	$-25,623
2022	$189,431	$191,552	$3,083,648	$-2,121
2021	$472,252	$283,301	$3,163,731	$188,951

LAMBDA CORPORATION