INDIANA EPSILON HOUSE CORP INC

EIN: 351883933

Grandville, MI

Total Revenue
$447,306
Total Expenses
$495,029
Total Assets
$4,860,721
Net Assets
$2,242,448
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
IN
Tax Period
2023-06-01 to 2024-05-31

INDIANA EPSILON HOUSE CORP INC, founded in 1985, is a small nonprofit that reported $447K in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $495K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO OWN, OPERATE AND MANAGE ANY CHAPTER HOUSE AND PROPERTIES OF THE EPSILON CHAPTER OF THE PHI KAPPA PSI FRATERNITY, TO MANAGE THE ASSETS, TO RAISE FUNDS FOR THE SUPPORT OF SAID CHAPTER THROUGH MEMBERSHIP DONATIONS, FEES, AND FOR ANY LAWFUL PURPOSE OF THE NFP ACT OF 1971.

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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 $447,306
Investment Income $0
Other Revenue $0
TOTAL REVENUE $447,306

Expense Breakdown

Grants Paid $0
Salaries & Benefits $14,861
Fundraising Expenses $0
Program Expenses $495,029
Other Expenses $348,084
TOTAL EXPENSES $495,029

Year-over-Year Comparison

2023 2022 Change
Revenue $447,306 $340,940 +0.3%
Expenses $495,029 $514,247 0.0%
Net Income $-47,723 $-173,307 -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

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Governance

Voting Members
8
Independent Members
8
Employees
1
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
4
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD SCHRAEGER VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
BENJAMIN NICOL SECRETARY 2.00
Officer
$0 $0 $0
ANTHONY LUCIANO TREASURER 4.00
Officer
$0 $0 $0
MATT SOLAK PRESIDENT 4.00
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
2025 No data No data No data No data
2024 $447,306 $495,029 $4,860,721 $-47,723
2023 $340,940 $514,247 $4,980,237 $-173,307
2022 $384,295 $541,187 $5,142,861 $-156,892
2021 $799,954 $378,816 $5,207,253 $421,138
2020 $250,575 $231,455 $1,642,935 $19,120
2019 $241,593 $223,166 $396,510 $18,427
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