KAPPA ALPHA THETA FRATERNITY HOUSING CORPORATION (EIN 261430902) - 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

2007

Legal Domicile

Principal Officer

JEFFREY RISSER

Phone

3178761870

Tax Period

2024-07-01 to 2025-06-30

KAPPA ALPHA THETA FRATERNITY HOUSING CORPORATION, founded in 2007, is a mid-sized nonprofit in the Education sector that reported $30.5M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $28.2M left a modest 8% surplus.

Mission

TO HOLD TITLE TO OR TO RENT REAL AND PERSONAL PROPERTY TO BE USED FOR HOUSING AND MEETING PURPOSES OF COLLEGE CHAPTERS OF KAPPA ALPHA THETA FRATERNITY, INC. FOR THE BENEFIT OF THE FRATERNITY'S 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 (2024)

Revenue Breakdown

Contributions & Grants $3,541,856

Program Service Revenue $26,594,053

Investment Income $230,513

Other Revenue $180,683

TOTAL REVENUE $30,547,105

Expense Breakdown

Grants Paid $5,013

Salaries & Benefits $3,058,407

Fundraising Expenses $0

Other Expenses $25,042,270

TOTAL EXPENSES $28,234,616

Year-over-Year Comparison

	2024	2023	Change
Revenue	$30,547,105	$28,082,020	+0.1%
Expenses	$28,234,616	$25,277,160	+0.1%
Net Income	$2,312,489	$2,804,860	-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

213

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

$1,075,858

Total Directors

$385,431

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER SCHMALTZ	CEO/SECRETARY	5.00	Officer Director	$0	$23,211	$248,118
TERESA SMITH	EXECUTIVE DIRECTOR	50.00	Officer Director	$0	$22,398	$137,313
LEAH A HARTMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
NICOLE FRANK	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KELLIE DICKERSON	VICE PRESIDENT/TREASURER	2.00	Officer Director	$0	$0	$0
JEFFREY RISSER	CHIEF FINANCIAL OFFICER	20.00	Officer	$0	$20,956	$182,276
MINDY YOUNG MARSHALL	CHIEF ADMINISTRATION OFFICER	1.00	Officer	$0	$17,476	$140,243
JULIANNE BUTLER	CHIEF MARKETING OFFICER	0.00	Officer	$0	$17,140	$135,937
HEATHER DARRING	CHIEF INFORMATION OFFICER	0.00	Officer	$0	$21,475	$111,209
MELISSA SHAUB	DIRECTOR OF ED & LEAD	0.00	Officer	$0	$16,154	$120,762

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	$30,547,105	$28,234,616	$90,520,754	$2,312,489
2024	$28,082,020	$25,277,160	$90,915,700	$2,804,860
2023	$27,014,267	$24,164,701	$92,522,233	$2,849,566
2022	$20,546,319	$22,947,962	$75,225,984	$-2,401,643
2021	$12,787,399	$16,151,200	$76,740,237	$-3,363,801
2020	$14,038,050	$17,085,685	$79,607,992	$-3,047,635
2019	$10,027,254	$10,225,951	$63,263,830	$-198,697
2018	$3,137,978	$3,170,639	$44,236,776	$-32,661

KAPPA ALPHA THETA FRATERNITY HOUSING CORPORATION