IOTA CLUB OF THETA XI c/o Robert Hazelwood (EIN 237160343) - 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

1924

Legal Domicile

Principal Officer

Robert Hazelwood

Phone

6365365679

Tax Period

2023-10-01 to 2024-09-30

IOTA CLUB OF THETA XI c/o Robert Hazelwood, founded in 1924, is a small nonprofit in the Education sector that reported $129K in total revenue in fiscal year 2023. Revenue surged 52% from the prior year, signaling strong growth momentum. Net assets of $1.9M represent 179 months of operating reserves.

Mission

to furnish facilities for bringing together its members for educational purposes.

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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 $0

Program Service Revenue $35,899

Investment Income $93,446

Other Revenue $0

TOTAL REVENUE $129,345

Expense Breakdown

Grants Paid $110,897

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $24,307

TOTAL EXPENSES $135,204

Year-over-Year Comparison

	2023	2022	Change
Revenue	$129,345	$84,863	+0.5%
Expenses	$135,204	$57,039	+1.4%
Net Income	$-5,859	$27,824	-1.2%

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

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
Robert Hazelwood	President	40.0	Officer Director	$0	$0	$0
Adam Shaffer	Vice President	20.0	Officer Director	$0	$0	$0
David Rasche	2nd Vice President	20.0	Officer Director	$0	$0	$0
Joseph Malbrough	Secretary	20.0	Officer Director	$0	$0	$0
Timothy Neukum	Treasurer	40.0	Officer Director	$0	$0	$0
George Schweitzer	Alumni Trustee	20.0	Director	$0	$0	$0
Tom Perotti	Alumni Trustee (Thru 02/2024)	20.0	Director	$0	$0	$0
Jack Salomon	Undergraduate Trustee	20.0	Director	$0	$0	$0
Adam Zwaanstra	Undergraduate Trustee	20.0	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	$129,345	$135,204	$1,926,314	$-5,859
2023	$84,863	$57,039	$1,932,173	$27,824
2022	$210,051	$90,181	$1,904,349	$119,870
2021	$208,652	$51,641	$1,784,479	$157,011
2020	$157,529	$59,771	$1,627,468	$97,758
2019	$225,090	$73,902	$1,529,710	$151,188
2018	$124,015	$102,867	$1,380,388	$21,148

IOTA CLUB OF THETA XI c/o Robert Hazelwood