KAPPA SIGMA HOUSE COMPANY #131 C/O PHILIP TURNER PRESIDENT (EIN 310890674) - 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

1917

Legal Domicile

Principal Officer

PHILIP TURNER

Phone

6145867217

Tax Period

2023-06-01 to 2024-05-31

KAPPA SIGMA HOUSE COMPANY #131 C/O PHILIP TURNER PRESIDENT, founded in 1917, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 2412% from the prior year, signaling strong growth momentum. Expenses of $1.8M left a modest 13% surplus.

Mission

TO PROVIDE HOUSING FOR APPROXIMATELY 25 STUDENTS ATTENDING THE OHIO 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $21,266

Program Service Revenue $2,805

Investment Income $2,182,169

Other Revenue $-111,158

TOTAL REVENUE $2,095,082

Expense Breakdown

Grants Paid $1,766,080

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $66,913

TOTAL EXPENSES $1,832,993

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,095,082	$83,408	+24.1%
Expenses	$1,832,993	$58,741	+30.2%
Net Income	$262,089	$24,667	+9.6%

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

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
PHILIP TURNER	PRESIDENT	4.00	Officer Director	$0	$0	$0
CARL HEUCKROTH	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
RON HARRIS	SECRETARY	4.00	Officer Director	$0	$0	$0
ROGER BACKSTROM	TREASURER	4.00	Officer Director	$0	$0	$0
BEN BARTON	TRUSTEE	4.00	Director	$0	$0	$0
DALE COCHRAN	TRUSTEE	4.00	Director	$0	$0	$0
KEN HOLCOMB	TRUSTEE	4.00	Director	$0	$0	$0
BILL JONES	TRUSTEE	4.00	Director	$0	$0	$0
TIM KRIEGER	TRUSTEE	4.00	Director	$0	$0	$0
BRAD LONGSTRETH	TRUSTEE	4.00	Director	$0	$0	$0
PAT MCCARTHY	TRUSTEE	4.00	Director	$0	$0	$0
FRANK RUSSO	TRUSTEE	4.00	Director	$0	$0	$0
CLAIR TOSINO	TRUSTEE	4.00	Director	$0	$0	$0
JUDY TROY	TRUSTEE	4.00	Director	$0	$0	$0
WILL UPTEGRAPH	TRUSTEE	4.00	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
2024	$2,095,082	$1,832,993	$5,953	$262,089
2023	$83,408	$58,741	$209,852	$24,667
2022	$33,917	$43,487	$198,205	$-9,570
2021	$18,373	$42,382	$198,308	$-24,009
2020	$98,408	$79,720	$250,696	$18,688
2019	$35,765	$66,456	$253,066	$-30,691
2018	$25,822	$55,354	$301,848	$-29,532

KAPPA SIGMA HOUSE COMPANY #131 C/O PHILIP TURNER PRESIDENT