ISU GAMMA LAMBDA EDUCATIONAL FOUNDATION

EIN: 334809468 501(c)(3) Education

CLIVE, IA

Total Revenue
$210,414
Total Expenses
$210,007
Total Assets
$407
Net Assets
$407
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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
2024
Legal Domicile
IA
Principal Officer
WHITEY STANGE
Phone
5153602011
Tax Period
2024-06-01 to 2025-05-31

ISU GAMMA LAMBDA EDUCATIONAL FOUNDATION, founded in 2024, is a small nonprofit in the Education sector that reported $210K in total revenue in fiscal year 2024.

Mission

PROVIDES GRANTS TO KAPPA SIGMA FRATERNITY, GAMMA-LAMBDA CHAPTER FOR EDUCATIONAL USAGE OF THE CHAPTER HOUSE. PROVIDES SCHOLARSHIPS TO IOWA STATE UNIVERSITY STUDENTS FROM KAPPA SIGMA, GAMMA-LAMBDA CHAPTER. PROVIDE GRANTS FOR TRAINING IOWA STATE UNIVERSITY STUDENTS IN LEADERSHIP, SCHOLARSHIP, AND PREVENTION OF ALCOHOL & DRUG ABUSE.

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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 $210,414
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $210,414

Expense Breakdown

Grants Paid $210,007
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $210,007
Other Expenses $0
TOTAL EXPENSES $210,007

Year-over-Year Comparison

2024 2023 Change
Revenue $210,414 N/A N/A
Expenses $210,007 N/A N/A
Net Income $407 N/A N/A
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
4
Independent Members
4
Employees
N/A
Volunteers
25

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
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANK NAVARATIL PRESIDENT 1.00
Officer Director
$0 $0 $0
WHITEY STANGE TREASURER 2.00
Officer Director
$0 $0 $0
DAVID SLY DIRECTOR 1.00
Director
$0 $0 $0
COREY WALKER DIRECTOR 1.00
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
2025 $210,414 $210,007 $407 $407
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