XI CHAPTER FOUNDATION INC (EIN 351989898) - 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

1959

Legal Domicile

Principal Officer

JOHN KNIESLY

Phone

3176403315

Tax Period

2023-01-01 to 2023-12-31

XI CHAPTER FOUNDATION INC, founded in 1959, is a micro nonprofit in the Education sector that reported $22K in total revenue in fiscal year 2023. Revenue fell 80% from the prior year — a significant decline worth monitoring. Expenses of $84K exceeded revenue, resulting in a 275% operating deficit.

Mission

FUNDRAISING ACTIVITIES FOR AND EDUCATIONAL GRANTS TO THE SIGMA CHI FRATERNITY AT DEPAUW UNIVERSITY, GREENCASTLE, IN

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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 $17,463

Program Service Revenue $0

Investment Income $4,802

Other Revenue $0

TOTAL REVENUE $22,265

Expense Breakdown

Grants Paid $76,879

Salaries & Benefits $0

Fundraising Expenses $1,695

Program Expenses $76,879

Other Expenses $6,695

TOTAL EXPENSES $83,574

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,265	$113,368	-0.8%
Expenses	$83,574	$179,111	-0.5%
Net Income	$-61,309	$-65,743	-0.1%

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

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
JOHN KNIESLY	TREASURER	1.00	Officer Director	$0	$0	$0
BARRY CESAFSKY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ERIC NELSON	SECRETARY	1.00	Officer Director	$0	$0	$0
MARK ULMSCHNEIDER	PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMES BROWNE	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK DRIGGS	BOARD MEMBER	1.00	Director	$0	$0	$0
PETER HUBER	BOARD MEMBER	1.00	Director	$0	$0	$0
GREG SISSEL	BOARD MEMBER	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
2024	No data	No data	No data	No data
2023	$22,265	$83,574	$452,256	$-61,309
2022	$113,368	$179,111	$514,008	$-65,743
2021	$70,641	$100,277	$579,751	$-29,636
2020	$123,552	$16,252	$609,387	$107,300
2019	$99,755	$107,424	$502,087	$-7,669
2018	$12,432	$105,039	$509,756	$-92,607

XI CHAPTER FOUNDATION INC