GAMMA OMICRON ASSOCIATION INC (EIN 237282475) - 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

1970

Legal Domicile

Principal Officer

ANTHONY LEONE

Phone

8457357047

Tax Period

2023-07-01 to 2024-06-30

GAMMA OMICRON ASSOCIATION INC, founded in 1970, is a small nonprofit that reported $135K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $28K, a strong 21% operating margin.

Mission

THE ORGANIZATION IS A FRATERNITY HOUSE PROVIDING ROOM AND BOARD TO MEMBERS.

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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 $133,791

Investment Income $761

Other Revenue $0

TOTAL REVENUE $134,552

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $106,652

Other Expenses $106,652

TOTAL EXPENSES $106,652

Year-over-Year Comparison

	2023	2022	Change
Revenue	$134,552	$143,230	-0.1%
Expenses	$106,652	$101,243	+0.1%
Net Income	$27,900	$41,987	-0.3%

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
CRAIG SCHOLL	PRESIDENT	4.00	Officer	$0	$0	$0
ADAM DEBEAU	SECRETARY	4.00	Officer	$0	$0	$0
ANTHONY LEONE	TREASURER	4.00	Officer	$0	$0	$0
JACK DALLY	VICE PRESIDENT	4.00	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
2025	No data	No data	No data	No data
2024	$134,552	$106,652	$605,238	$27,900
2023	$143,230	$101,243	$592,297	$41,987
2022	$125,000	$71,490	$564,594	$53,510
2021	$148,830	$69,659	$531,294	$79,171
2020	$136,917	$74,130	$464,558	$62,787
2019	$146,276	$70,276	$413,514	$76,000
2018	$120,840	$128,789	$348,602	$-7,949

GAMMA OMICRON ASSOCIATION INC