Lambda Chapter of Sigma Chi Fraternity

EIN: 350870234

BLOOMINGTON, IN

Total Revenue
$1,194,021
Total Expenses
$1,181,580
Total Assets
$222,962
Net Assets
$218,924
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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
1940
Legal Domicile
IN
Principal Officer
William Thannert
Phone
8123334848
Tax Period
2023-07-01 to 2024-06-30

Lambda Chapter of Sigma Chi Fraternity, founded in 1940, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

Provide leadership, brotherhood , Room and Board to active chapter members while attending Indiana 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,194,020
Investment Income $1
Other Revenue $0
TOTAL REVENUE $1,194,021

Expense Breakdown

Grants Paid $0
Salaries & Benefits $111,659
Fundraising Expenses $0
Other Expenses $1,069,921
TOTAL EXPENSES $1,181,580

Year-over-Year Comparison

2023 2022 Change
Revenue $1,194,021 $1,010,283 +0.2%
Expenses $1,181,580 $852,502 +0.4%
Net Income $12,441 $157,781 -0.9%
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
8
Independent Members
8
Employees
3
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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
William Thannert Treasurer 010.00
Officer
$0 $0 $0
Michael Grueninger President 010.00
Officer
$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 $1,194,021 $1,181,580 $222,962 $12,441
2023 $1,010,283 $852,502 $212,761 $157,781
2022 $617,124 $820,993 $106,997 $-203,869
2021 $687,625 $622,751 $265,011 $64,874
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