CHI OMEGA FOUNDATION

EIN: 310936294 501(c)(3)

MEMPHIS, TN

Total Revenue
$9,162,690
Total Expenses
$5,177,018
Total Assets
$62,953,956
Net Assets
$61,791,127
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
OH
Principal Officer
SALLY KIMBALL
Phone
9017488600
Tax Period
2024-05-01 to 2025-04-30

CHI OMEGA FOUNDATION, founded in 1977, is a community nonprofit that reported $9.2M in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $4.0M, a strong 43% operating margin.

Mission

THE CHI OMEGA FOUNDATION SUPPORTS EDUCATIONAL & LEADERSHIP DEVELOPMENT THROUGH SCHOLARSHIPS, GRANTS AND OTHER LEARNING OPPORTUNITIES.

Program Service Accomplishments

Program 1
Expenses: $454,796

SCHOLARSHIPS AND AID TO MEMBERS IN NEED: THE FOUNDATION AWARDS ANNUAL SCHOLARSHIPS TO QUALIFIED RECIPIENTS FOR UNDERGRADUATE AND GRADUATE EDUCATIONAL PURSUITS. SCHOLARSHIPS ARE AWARDED BASED ON...

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SCHOLARSHIPS AND AID TO MEMBERS IN NEED: THE FOUNDATION AWARDS ANNUAL SCHOLARSHIPS TO QUALIFIED RECIPIENTS FOR UNDERGRADUATE AND GRADUATE EDUCATIONAL PURSUITS. SCHOLARSHIPS ARE AWARDED BASED ON MULTIPLE FACTORS INCLUDING ACADEMIC MERIT, LEADERSHIP WITHIN THE ORGANIZATION, FINANCIAL NEED AND FIELD OF STUDY. THE FOUNDATION PROVIDES EMERGENCY AID GRANTS TO QUALIFYING MEMBERS WHO ARE EXPERIENCING UNEXPECTED TIMES OF NEED DUE TO FINANCIAL, MEDICAL OR DISASTER SITUATIONS.

Program 2
Expenses: $859,650

EDUCATIONAL PROGRAMMING: THE FOUNDATION SUPPORTS THE DEVELOPMENT AND IMPLEMENTATION OF EDUCATIONAL AND LEADERSHIP PROGRAMMING TO OVER 270,000 MEMBERS THROUGH IN PERSON AND VIRTUAL LEARNING SETTINGS...

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EDUCATIONAL PROGRAMMING: THE FOUNDATION SUPPORTS THE DEVELOPMENT AND IMPLEMENTATION OF EDUCATIONAL AND LEADERSHIP PROGRAMMING TO OVER 270,000 MEMBERS THROUGH IN PERSON AND VIRTUAL LEARNING SETTINGS. PROGRAMMING FOSTERS PERSONAL GROWTH AND PREPARES COLLEGIANS AND ALUMNAE TO SERVE AS LEADERS. THROUGH THIS TRAINING, MEMBERS EXPERIENCE EXTENSIVE PERSONAL GROWTH AND IN TURN SHARE THEIR KNOWLEDGE AND SKILLS WITH OTHERS ON THEIR CAMPUSES AND IN THEIR COMMUNITIES.

Program 3
Expenses: $1,647,768

EDUCATIONAL AREA HOUSING GRANTS AND HEADQUARTERS PRESERVATION ENHANCEMENTS: EDUCATIONAL AREA HOUSING GRANTS TO CHI OMEGA HOUSE CORPORATIONS TO SUPPORT THE EDUCATIONAL PORTION OF CHAPTER HOUSING. THE...

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EDUCATIONAL AREA HOUSING GRANTS AND HEADQUARTERS PRESERVATION ENHANCEMENTS: EDUCATIONAL AREA HOUSING GRANTS TO CHI OMEGA HOUSE CORPORATIONS TO SUPPORT THE EDUCATIONAL PORTION OF CHAPTER HOUSING. THE FOUNDATION PRESERVES AND MAINTAINS THE CHI OMEGA EXECUTIVE HEADQUARTERS THAT HOUSES ADMINISTRATIVE, PROGRAM AND CUSTOMER SERVICES AS WELL AS DISPLAYS CHI OMEGA'S IMPACT ON WOMEN'S HISTORY.

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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 $5,838,808
Program Service Revenue $152,018
Investment Income $3,171,864
Other Revenue $0
TOTAL REVENUE $9,162,690

Expense Breakdown

Grants Paid $2,962,215
Salaries & Benefits $945,208
Fundraising Expenses $834,122
Program Expenses $3,662,153
Other Expenses $1,197,291
TOTAL EXPENSES $5,177,018

Year-over-Year Comparison

2024 2023 Change
Revenue $9,162,690 $12,639,643 -0.3%
Expenses $5,177,018 $4,813,991 +0.1%
Net Income $3,985,672 $7,825,652 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
13
Employees
12
Volunteers
139

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
7
$252,944
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANN BRADSHAW PRESIDENT 20.00
Officer Director
$0 $0 $0
ANNA BUCKNER VICE PRESIDENT 10.00
Officer Director
$0 $0 $0
CATHEY HUMPHREYS TRUSTEE 10.00
Director
$0 $0 $0
CORINNA CASEY TRUSTEE 10.00
Director
$0 $0 $0
DANA KLEINE THRU 6-30-24 TRUSTEE 10.00
Director
$0 $0 $0
DANNA REDMOND SECRETARY 10.00
Officer Director
$0 $0 $0
ERIN PACKWOOD TRUSTEE 10.00
Director
$0 $0 $0
GAIL MUNCRIEF TRUSTEE 10.00
Director
$0 $0 $0
JAN HECK TRUSTEE 10.00
Director
$0 $0 $0
LAURA CONNOR TRUSTEE 10.00
Director
$0 $0 $0
LETITIA FULKERSON TREASURER 20.00
Officer Director
$0 $0 $0
NANCY LAURIE EX-OFFICIO TRUSTEE 5.00
Director
$0 $0 $0
SUSAN MILLER BUSH TRUSTEE 10.00
Director
$0 $0 $0
STEPHANIE F DAHL AS OF 112025 TRUSTEE 10.00
Director
$0 $0 $0
JANE HIRT AS OF 112025 TRUSTEE 10.00
Director
$0 $0 $0
KELLY BINGEL EX-OFFICIO TRUSTEE 5.00
Director
$0 $0 $0
CLAIRE WHITE CHIEF FINANCIAL OFFICER 2.00
Officer
$0 $0 $0
HOLLY BAILEY DIRECTOR OF FINANCE 30.00
Officer
$86,516 $9,192 $95,708
SALLY KIMBALL EXECUTIVE VICE PRESIDENT 40.00
Officer
$149,744 $7,492 $157,236
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 $9,162,690 $5,177,018 $62,953,956 $3,985,672
2024 $12,639,643 $4,813,991 $57,486,092 $7,825,652
2023 $8,203,863 $6,161,649 $46,573,819 $2,042,214
2022 $7,373,045 $5,771,764 $45,483,838 $1,601,281
2021 $8,120,574 $4,227,075 $47,808,097 $3,893,499
2020 $11,152,382 $4,342,899 $38,021,303 $6,809,483
2019 $6,377,021 $4,365,390 $35,033,383 $2,011,631
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