ZETA OMICRON CORPORATION OF LAMBDA CHI ALPHA FRATERNITY

EIN: 272991090 Community Improvement

Springfield, OR

Total Revenue
$228,937
Total Expenses
$272,113
Total Assets
$99,383
Net Assets
$46,604
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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
2010
Legal Domicile
OR
Principal Officer
Erik Higgins
Phone
5418405293
Tax Period
2020-01-01 to 2020-12-31

ZETA OMICRON CORPORATION OF LAMBDA CHI ALPHA FRATERNITY, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $229K in total revenue in fiscal year 2020. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $272K exceeded revenue, resulting in a 19% operating deficit.

Mission

alumni association and student housing corporation for Lambda Chi Alpha's fraternity chapter at the University of Oregon

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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 (2020)

Revenue Breakdown

Contributions & Grants $500
Program Service Revenue $228,427
Investment Income $10
Other Revenue $0
TOTAL REVENUE $228,937

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $272,113
Other Expenses $272,113
TOTAL EXPENSES $272,113

Year-over-Year Comparison

2020 2019 Change
Revenue $228,937 $826,051 -0.7%
Expenses $272,113 $639,074 -0.6%
Net Income $-43,176 $186,977 -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

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
N/A
Employees
N/A
Volunteers
7

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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Matt Curry President 1
Officer
$0 $0 $0
Tim Clevenger VP Development 1
Officer
$0 $0 $0
Erik Higgins Treasurer 1
Officer
$0 $0 $0
Steve McNear VP Communications 1
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
2020 $228,937 $272,113 $99,383 $-43,176
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