KAPPA SIGMA FRATERNITY GAMMA-LAMBDA HOUSE CORP

EIN: 237329879

CLIVE, IA

Total Revenue
$217,414
Total Expenses
$103,967
Total Assets
$1,007,859
Net Assets
$131,609
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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
1976
Legal Domicile
IA
Principal Officer
WHITEY STANGE
Phone
5153602011
Tax Period
2024-06-01 to 2025-05-31

KAPPA SIGMA FRATERNITY GAMMA-LAMBDA HOUSE CORP, founded in 1976, is a small nonprofit that reported $217K in total revenue in fiscal year 2024. Revenue surged 136% from the prior year, signaling strong growth momentum. The organization ran a surplus of $113K, a strong 52% operating margin.

Mission

PROVIDE HOUSING AND CLUB FACILITIES FOR KAPPA SIGMA FRATERNITY AT IOWA STATE UNIVERSITY

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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 (2024)

Revenue Breakdown

Contributions & Grants $210,414
Program Service Revenue $7,000
Investment Income $0
Other Revenue $0
TOTAL REVENUE $217,414

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $103,967
TOTAL EXPENSES $103,967

Year-over-Year Comparison

2024 2023 Change
Revenue $217,414 $92,000 +1.4%
Expenses $103,967 $90,744 +0.1%
Net Income $113,447 $1,256 +89.3%
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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
50

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
2
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
COREY WALKER PRESIDENT 2.00
Officer Director
$0 $0 $0
WHITEY STANGE TREASURER 2.00
Officer Director
$0 $0 $0
ROBERT HAYES DIRECTOR 2.00
Director
$0 $0 $0
DAVID SLY DIRECTOR 2.00
Director
$0 $0 $0
GREGORY MURTHA DIRECTOR 1.00
Director
$0 $0 $0
LUCIANO BERTAGNOLLI DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL MORMAN DIRECTOR 1.00
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 $217,414 $103,967 $1,007,859 $113,447
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