THETA OMICRON OF PI KAPPA ALPHA HO… - Form 990 Financial Data

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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

1979

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

THETA OMICRON OF PI KAPPA ALPHA HOUSING CORPORATIO, founded in 1979, is a small nonprofit that reported $305K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Net assets of $739K represent 29 months of operating reserves.

Mission

PROVIDING HOUSING FOR INDIANA STATE UNIVERISTY UNDERGRADUATE MEMBERS

Program Service Accomplishments

Program 1

Expenses: $272,489 Revenue: $226,538

HOUSING CORPORATION HAS PROVIDED HOUSING FOR UNDERGRADUATE STUDENTS AT INDIANA STATE UNIVERSITY. WITH THE GROWTH OF THE UNIVERSITY IN THE PAST SEVERAL YEARS, THERE IS HIGHER DEMAND FOR HOUSING AND...

HOUSING CORPORATION HAS PROVIDED HOUSING FOR UNDERGRADUATE STUDENTS AT INDIANA STATE UNIVERSITY. WITH THE GROWTH OF THE UNIVERSITY IN THE PAST SEVERAL YEARS, THERE IS HIGHER DEMAND FOR HOUSING AND WITH THE NEED TO REMODEL, UPDATE AND IMPROVE THE EXISITING HOUSE AND PROVIDE MORE HOUSING, THE CAPITAL IS NEEDED TO EXPAND THE FACILITIES.

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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 $78,182

Program Service Revenue $226,538

Investment Income $0

Other Revenue $0

TOTAL REVENUE $304,720

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $53,599

Program Expenses $272,489

Other Expenses $272,489

TOTAL EXPENSES $326,088

Year-over-Year Comparison

	2023	2022	Change
Revenue	$304,720	$234,031	+0.3%
Expenses	$326,088	$310,592	+0.0%
Net Income	$-21,368	$-76,561	-0.7%

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	Role	Reportable Comp	Other Comp	Total
BRANDON NETTROUER	SECRETARY	Officer Director	$0	$0	$0
TYLER BOUSLOG	PRESIDENT	Officer Director	$0	$0	$0
BRAM BLACKWELL	TREASURER	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	No data	No data	No data	No data
2024	$304,720	$326,088	$2,366,534	$-21,368
2023	$234,031	$310,592	$2,445,369	$-76,561
2022	$256,724	$366,903	$2,618,267	$-110,179
2021	$262,558	$290,656	$2,819,695	$-28,098

THETA OMICRON OF PI KAPPA ALPHA HOUSING CORPORATIO