IOTA MU CHAPTER OF THETA CHI FRATERNITY ALUMNI CORPORATION (EIN 273780605) - 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

2010

Legal Domicile

Principal Officer

JACK WHITEMAN

Phone

3147769078

Tax Period

2024-07-01 to 2025-06-30

IOTA MU CHAPTER OF THETA CHI FRATERNITY ALUMNI CORPORATION, founded in 2010, is a micro nonprofit in the Mutual Benefit sector that reported $97K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $129K exceeded revenue, resulting in a 33% operating deficit.

Mission

THE CORPORATION SHALL SEEK, THROUGH PRUDENT MANAGEMENT AND FINANCIAL PRACTICES, TO OWN AND MAINTAIN REAL ESTATE FOR THE PRIMARY USE OF THE IOTA MU CHAPTER OF THETA CHI FRATERNITY TO CONDUCT BUSINESS AND FURTHER ENRICH THE IOTA MU EXPERIENCE BY PROMOTING KNOWLEDGE, ADVANCING CULTURE, AND BUILDING CHARACTER AMONG ITS ESTEEMED BROTHERHOOD.

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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 $0

Investment Income $1,484

Other Revenue $95,320

TOTAL REVENUE $96,804

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $129,222

TOTAL EXPENSES $129,222

Year-over-Year Comparison

	2024	2023	Change
Revenue	$96,804	$113,902	-0.2%
Expenses	$129,222	$103,493	+0.2%
Net Income	$-32,418	$10,409	-4.1%

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
BRENDAN GILJUM	DIRECTOR	0.25	Director	$0	$0	$0
SLADE LONG	DIRECTOR	0.25	Director	$0	$0	$0
TREVOR O'CONNOR	TREASURER	1.50	Officer Director	$0	$0	$0
JACK WHITEMAN	PRESIDENT	1.50	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	$96,804	$129,222	$3,545,969	$-32,418
2024	$113,902	$103,493	$3,688,148	$10,409
2023	$100,229	$104,682	$3,784,054	$-4,453
2022	$144,040	$116,635	$3,890,500	$27,405

IOTA MU CHAPTER OF THETA CHI FRATERNITY ALUMNI CORPORATION