Theta Phi Alpha Foundation Inc

EIN: 363508444 501(c)(3)

Bay Village, OH

Total Revenue
$224,244
Total Expenses
$135,099
Total Assets
$536,077
Net Assets
$536,077
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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
1986
Legal Domicile
OH
Principal Officer
Becky McLaren
Tax Period
2023-10-01 to 2024-09-30

Theta Phi Alpha Foundation Inc, founded in 1986, is a small nonprofit that reported $224K in total revenue in fiscal year 2023. The organization ran a surplus of $89K, a strong 40% operating margin.

Mission

Minister to Educational Needs of Organization

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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 $92,606
Program Service Revenue $0
Investment Income $131,638
Other Revenue $0
TOTAL REVENUE $224,244

Expense Breakdown

Grants Paid $78,262
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $135,099
Other Expenses $56,837
TOTAL EXPENSES $135,099

Year-over-Year Comparison

2023 2022 Change
Revenue $224,244 N/A N/A
Expenses $135,099 N/A N/A
Net Income $89,145 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

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Governance

Voting Members
6
Independent Members
6
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
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lucy Holmes-Higgins ScholarshipPhilanthropy 2.00
Director
$0 $0 $0
Rachel Flansburg Director of Collegians 2.00
Director
$0 $0 $0
Kristen Henkenus National President 2.00
Director
$0 $0 $0
Jennifer Jacobs Donor Development 2.00
Director
$0 $0 $0
Valerie Thomas Treasurer 4.00
Officer
$0 $0 $0
Becky McLaren Chairman 6.00
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 $224,244 $135,099 $536,077 $89,145
2021 $252,163 $81,518 $500,265 $170,645
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