IOTA PHI LAMBDA SORORITY EDUCATIONAL FUND (EIN 363062953) - 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

1930

Legal Domicile

Principal Officer

NICOLE L GEORGE

Phone

3016481363

Tax Period

2024-07-01 to 2025-06-30

IOTA PHI LAMBDA SORORITY EDUCATIONAL FUND, founded in 1930, is a micro nonprofit in the Education sector that reported $57K in total revenue in fiscal year 2024. Expenses of $53K left a modest 7% surplus.

Mission

THE IOTA EDUCATION FUND IS A 501(C)(3) NONPROFIT ORGANIZATION DEDICATED TO TRANSFORMING LIVES BY PROVIDING SCHOLARSHIPS TO DESERVING STUDENTS. WE BELIEVE THAT EDUCATION IS THE KEY TO UNLOCKING POTENTIAL AND CREATING OPPORTUNITIES FOR A BRIGHTER FUTURE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $57,200

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $57,200

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $53,216

Other Expenses $53,417

TOTAL EXPENSES $53,417

Year-over-Year Comparison

	2024	2023	Change
Revenue	$57,200	N/A	N/A
Expenses	$53,417	N/A	N/A
Net Income	$3,783	N/A	N/A

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

1600

Independent Members

1600

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
KAREN AREY	DIRECTOR	N/A	Director	$0	$0	$0
GINA BARRY	DIRECTOR	N/A	Director	$0	$0	$0
CHARLOTTE D BERRY	PRESIDENT	N/A	Director	$0	$0	$0
DIDI BOYNTON	DIRECTOR	N/A	Director	$0	$0	$0
AUDREY DOUGLAS-COOKIE	DIRECTOR	N/A	Director	$0	$0	$0
NICOLE L GEORGE	TREASURER	N/A	Officer Director	$0	$0	$0
VELENCIA D HALL	DIRECTOR	N/A	Director	$0	$0	$0
CYNTHIA L HARRIS	JOURNALIST	N/A	Director	$0	$0	$0
WENDY B JACQUES	PRESIDENT EL	N/A	Director	$0	$0	$0
VONETTA B MARTIN	FINANCIAL SE	N/A	Director	$0	$0	$0
DONNA MITCHELL	SECRETARY	N/A	Director	$0	$0	$0
GLORIA PERRY	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
2025	$57,200	$53,417	$241,295	$3,783

IOTA PHI LAMBDA SORORITY EDUCATIONAL FUND