IOTA CLUB OF THETA XI c/o Robert Hazelwood

EIN: 237160343 Education

St Charles, MO

Total Revenue
$129,345
Total Expenses
$135,204
Total Assets
$1,926,314
Net Assets
$1,926,314
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1924
Legal Domicile
MO
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, THROUGH THE MEDIUM OF DISCUSSION OF ALL GENERAL EDUCATIONAL AND SCIENTIFIC SUBJECTS, AND THE READING OF PAPERS, MAGAZINES, PERIODICALS AND BOOKS OF SCIENTIFIC AND LITERARY CHARACTER; FOR THE ESTABLISHMENT AND MAINTENANCE OF A FUND TO BE USED FOR THE ERECTION, EQUIPMENT AND MAINTENANCE OF A PERMANENT HOME IN THE COUNTY OF ST. LOUIS, MISSOURI, OR VICINITY, FOR THE EXCLUSIVE USE OF THE CLUB MEMBERS AND THE IOTA CHAPTER OF THE THETA XI FOUNDATION.

Program Service Accomplishments

Program 1

the alumni club of theta xi fraternity provides guidance and leadership to the undergraduate chapter members to aid them in their educational pursuits and development. the club supports these...

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the alumni club of theta xi fraternity provides guidance and leadership to the undergraduate chapter members to aid them in their educational pursuits and development. the club supports these activities by defraying the costs to the undergraduates for these activities, including, but not limited to, the costs of travel, meals and attendee fees. the alumni club also assists chapters to provide opportunities to interact by lending funds for the construction or renovation of chapter housing.

Program 2

the alumni club of theta xi fraternity sponsors a scholarship program under which undergraduate members receive monetary awards for academic achievement as specified under the program.

Program 3

the alumni club of theta xi fraternity supports the members of the undergraduate chapter in their participation in the annual founders' day dinner, which is designed to bring together alumni and...

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the alumni club of theta xi fraternity supports the members of the undergraduate chapter in their participation in the annual founders' day dinner, which is designed to bring together alumni and undergraduate members to promote the bonding and camaraderie necessary to promote the advancement of their educational experience and development under the venue of honoring the founders of the fraternity and defrays the costs of attending the event.

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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 $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

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
10

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
5
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
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
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