UNIVERSITY OF TOLEDO CHAPTER OF TR… - Form 990 Financial Data

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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

1971

Legal Domicile

Principal Officer

MATTHEW SCHIERING

Phone

4192773727

Tax Period

2023-01-01 to 2023-12-31

UNIVERSITY OF TOLEDO CHAPTER OF TRIANGLE FRATERNITY INC, founded in 1971, is a micro nonprofit that reported $44K in total revenue in fiscal year 2023. Revenue surged 177% from the prior year, signaling strong growth momentum. Expenses of $96K exceeded revenue, resulting in a 120% operating deficit.

Mission

OPERATION OF THE LOCAL TOLEDO CHAPTER OF THE PARENT ORGANIZATION, TRIANGLE FRATERNITY. PROVIDE DORMITORY STYLE HOUSING FOR THE UNDERGRADUATE MEMBERS. PROVIDE A MEETING PLACE FOR SOCIAL AND EDUCATIONAL FUNCTIONS FOR UNDERGRADUATE AND AREA ALUMNI MEMBERS.

Program Service Accomplishments

Program 1

OPERATION OF THE LOCAL TOLEDO CHAPTER OF THE PARENT ORGANIZATION, TRIANGLE FRATERNITY. APPROXIMATELY 25 TO 30 MAN CHAPTER. APPROXIMATELY 6 NEW MEMBERS PLEDGED. APPROXIMATELY 6 PLEDGES BECAME FULL...

OPERATION OF THE LOCAL TOLEDO CHAPTER OF THE PARENT ORGANIZATION, TRIANGLE FRATERNITY. APPROXIMATELY 25 TO 30 MAN CHAPTER. APPROXIMATELY 6 NEW MEMBERS PLEDGED. APPROXIMATELY 6 PLEDGES BECAME FULL MEMBERS. NATIONAL ORGANIZATION PROVIDES OVERSIGHT OF POLICIES/PROCEDURES. PROVIDES EDUCATIONAL SEMINARS/CONFERENCES AND CONSULTATIONS AND GUIDANCE TO MAINTAIN SUCCESSFUL CHAPTER OPERATIONS.

Program 2

PROVIDE DORMITORY STYLE HOUSING FOR THE UNDERGRADUATE MEMBERS. FRATERNITY CONTRACTS WITH THE UNIVERSITY OF TOLEDO FOR A 17 PERSON DORMITORY STYLE ON-CAMPUS HOUSING. PROPERTY AND LIABILITY INSURANCE...

Program 3

1)PROVIDE A MEETING PLACE FOR SOCIAL AND EDUCATIONAL FUNCTIONS FOR THE UNDERGRADUATE AND AREA ALUMNI MEMBERS. 2)PROVIDE FACILITIES FOR ACTIVE ORGANIZATION TRAINING/EDUCATIONAL SESSIONS. 3)FUNDRAISING DINNERS HELD WITH THE ALUMNI MEMBERS TWICE PER YEAR. 4)PROVIDE FACILITIES FOR WEEKLY UNDERGRADUATE ORGANIZATIONAL MEETINGS AND MONTHLY ALUMNI ORG MEETINGS. 5)PROVIDE RECREATIONAL AND COMMUNAL KITCHEN AREAS FOR UP TO 17 MEMBERS THAT LIVE IN THE DORMITORY STYLE DURING THE SCHOOL YEAR.

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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 $19,310

Program Service Revenue $0

Investment Income $20,623

Other Revenue $3,599

TOTAL REVENUE $43,532

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $95,982

TOTAL EXPENSES $95,982

Year-over-Year Comparison

	2023	2022	Change
Revenue	$43,532	$15,689	+1.8%
Expenses	$95,982	$30,077	+2.2%
Net Income	$-52,450	$-14,388	+2.6%

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

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
LAYNE HOPKINS	COLLEGIATE P	N/A	Director	$0	$0	$0
MARCUS MULLINS	ALUMNI MBR A	N/A	Director	$0	$0	$0
BRENDEN POST	ALUMNI MBR A	N/A	Director	$0	$0	$0
MICHAEL JEFFERY	ALUMNI EXC B	N/A	Officer	$0	$0	$0
JASON KNAPP	ALUMNI HOUSI	N/A	Officer	$0	$0	$0
CORD MURRY-HOWARD	MEMBERSHIP D	N/A	Officer	$0	$0	$0
DAN ROBAZKIEWICZ	ALUMNI EXC B	N/A	Officer	$0	$0	$0
MATTHEW SCHIERING	ALUMNI EXE B	N/A	Officer	$0	$0	$0
MATTHEW SCHIERING	ALUM HOUSE B	N/A	Officer	$0	$0	$0
ERIC WRIGHT	ALUMNI EXE B	N/A	Officer	$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	No data	No data	No data	No data
2023	$43,532	$95,982	$313,676	$-52,450
2022	$15,689	$30,077	$366,126	$-14,388
2021	$25,375	$20,464	$380,514	$4,911
2020	$34,344	$35,967	$375,603	$-1,623
2019	$26,692	$166,238	$377,227	$-139,546
2018	$34,581	$30,698	$516,773	$3,883

UNIVERSITY OF TOLEDO CHAPTER OF TRIANGLE FRATERNITY INC