Lambda Chi Alpha Fraternity Inc Alpha Omicron Association (EIN 351188987) - 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

1920

Legal Domicile

Principal Officer

Sanjay Bhasker

Phone

8123390450

Tax Period

2023-07-01 to 2024-06-30

Lambda Chi Alpha Fraternity Inc Alpha Omicron Association, founded in 1920, is a small nonprofit that reported $479K in total revenue in fiscal year 2023. Revenue surged 12112% from the prior year, signaling strong growth momentum. Expenses of $432K left a modest 10% surplus.

Mission

Provide housing for 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,098

Program Service Revenue $476,146

Investment Income $1,215

Other Revenue $0

TOTAL REVENUE $479,459

Expense Breakdown

Grants Paid $0

Salaries & Benefits $117,122

Fundraising Expenses $0

Program Expenses $215,514

Other Expenses $314,620

TOTAL EXPENSES $431,742

Year-over-Year Comparison

	2023	2022	Change
Revenue	$479,459	$3,926	+121.1%
Expenses	$431,742	$248,962	+0.7%
Net Income	$47,717	$-245,036	-1.2%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sanjay Bhasker	Treasurer	2.00	Officer	$0	$0	$0
Ryan Thie	Vice President	2.00	Officer	$0	$0	$0
Mack Watson	President	2.00	Officer	$0	$0	$0
Greg Utken	Secretary	2.00	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	$479,459	$431,742	$2,263,998	$47,717
2022	$726,645	$419,725	$2,142,855	$306,920
2021	$350,328	$266,073	$1,914,713	$84,255
2020	$18,686	$178,494	$1,862,241	$-159,808
2019	$622,509	$654,461	$2,092,988	$-31,952

Lambda Chi Alpha Fraternity Inc Alpha Omicron Association