Lambda Corporation

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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

1953

Legal Domicile

Principal Officer

Kevin Koven

Tax Period

2024-08-01 to 2025-07-31

Lambda Corporation, founded in 1953, is a small nonprofit that reported $430K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $479K exceeded revenue, resulting in a 11% operating deficit.

Mission

Provide housing for chapter members while attending Indiana University.

Program Service Accomplishments

Program 1

Amortiza

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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 $0

Program Service Revenue $429,593

Investment Income $122

Other Revenue $0

TOTAL REVENUE $429,715

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $479,100

TOTAL EXPENSES $479,100

Year-over-Year Comparison

	2024	2023	Change
Revenue	$429,715	$485,284	-0.1%
Expenses	$479,100	$544,999	-0.1%
Net Income	$-49,385	$-59,715	-0.2%

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

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
Jeffery Brown	President	005.00	Officer Director Highest	$0	$0	$0
Kevin Koven	Treasurer	005.00	Officer 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	$429,715	$479,100	$596,320	$-49,385
2024	$485,284	$544,999	$698,164	$-59,715
2023	$221,244	$426,274	$807,544	$-205,030
2022	$295,853	$437,331	$1,065,627	$-141,478
2021	$188,720	$408,698	$1,281,971	$-219,978
2020	$340,852	$344,283	$1,572,713	$-3,431