THETA BETA CHAPTER OF CHI OMEGA INC

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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

1945

Legal Domicile

Principal Officer

TRACI JOVANOVIC

Phone

9734496500

Tax Period

2023-07-01 to 2024-06-30

THETA BETA CHAPTER OF CHI OMEGA INC, founded in 1945, is a small nonprofit that reported $657K in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $920K exceeded revenue, resulting in a 40% operating deficit.

Mission

PROVIDE FURNISHED HOUSING TO ACTIVE STUDENT MEMBERS ATTENDING INDIANA UNIVERSITY.

Program Service Accomplishments

Program 1

PROVIDED FURNISHED HOUSING TO ACTIVE STUDENT MEMBERS ATTENDING INDIANA

Program 2

Expenses: $126,607

PROVIDED FURNISHED HOUSING TO ACTIVE STUDENT MEMBERS ATTENDING INDIANA

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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 $0

Program Service Revenue $585,462

Investment Income $71,855

Other Revenue $0

TOTAL REVENUE $657,317

Expense Breakdown

Grants Paid $0

Salaries & Benefits $138,607

Fundraising Expenses $0

Program Expenses $920,190

Other Expenses $781,583

TOTAL EXPENSES $920,190

Year-over-Year Comparison

	2023	2022	Change
Revenue	$657,317	$1,200,420	-0.5%
Expenses	$920,190	$968,890	-0.1%
Net Income	$-262,873	$231,530	-2.1%

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

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
TRACI JOVANOVIC	PRESIDENT	N/A	Officer Director	$0	$0	$0
TERRI RIFKIND	TREASURER	N/A	Officer Director	$0	$0	$0
JENNY TRACY	SECRETARY	N/A	Officer 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	No data	No data	No data	No data
2024	$657,317	$920,190	$4,804,846	$-262,873
2023	$1,200,420	$968,890	$5,064,904	$231,530
2022	$1,085,981	$885,314	$4,836,838	$200,667
2021	$819,834	$621,724	$4,629,627	$198,110
2020	$350,150	$575,386	$4,430,745	$-225,236
2019	$1,095,494	$837,178	$4,653,626	$258,316