SIGMA CHI OF WABASH COLLEGE INC (EIN 356042904) - 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

1936

Legal Domicile

Principal Officer

KEVEN FORNEY

Phone

7656548602

Tax Period

2023-01-01 to 2023-12-31

SIGMA CHI OF WABASH COLLEGE INC, founded in 1936, is a micro nonprofit that reported $54K in total revenue in fiscal year 2023. Revenue fell 40% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $16K, a strong 29% operating margin.

Mission

SIGMA CHI'S PURPOSE IS TO PROMOTE THE CONCEPTS OF FRIENDSHIP, JUSTICE, AND LEARNING; IT'S MISSION STATEMENT IS TO DEVELOP VALUES-BASED LEADERS COMMITTED TO THE BETTERMENT OF CHARACTER, CAMPUS AND COMMUNITY.

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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 $43,946

Investment Income $9,570

Other Revenue $0

TOTAL REVENUE $53,516

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $37,758

TOTAL EXPENSES $37,758

Year-over-Year Comparison

	2023	2022	Change
Revenue	$53,516	$88,527	-0.4%
Expenses	$37,758	$121,594	-0.7%
Net Income	$15,758	$-33,067	-1.5%

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

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
KEVEN FORNEY	PRESIDENT	N/A	Officer Director	$0	$0	$0
SCOTT HOYER	DIRECTOR	N/A	Director	$0	$0	$0
WES OVERTURF	DIRECTOR	N/A	Director	$0	$0	$0
GREG SCHRAGE	SECRETARY	N/A	Officer Director	$0	$0	$0
SPENCER SHERIDAN	TREASURER	N/A	Officer Director	$0	$0	$0
ERIC SPENCER	DIRECTOR	N/A	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
2023	$53,516	$37,758	$482,575	$15,758
2022	$88,527	$121,594	$443,760	$-33,067
2021	$83,689	$82,378	$503,827	$1,311
2020	$120,107	$140,174	$496,848	$-20,067
2019	$286,472	$315,441	$505,896	$-28,969
2018	$427,914	$264,679	$531,608	$163,235

SIGMA CHI OF WABASH COLLEGE INC