TRIANGLE FRATERNITY NATIONAL COUNCIL

EIN: 370662261

MT PROSPECT, IL

Total Revenue
$402,901
Total Expenses
$597,203
Total Assets
$2,050
Net Assets
$2,050
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1907
Legal Domicile
IL
Phone
8473985244
Tax Period
2021-07-01 to 2022-06-30

TRIANGLE FRATERNITY NATIONAL COUNCIL, founded in 1907, is a small nonprofit that reported $309K in total revenue in fiscal year 2020. Revenue surged 370% from the prior year, signaling strong growth momentum. The organization ran a surplus of $111K, a strong 36% operating margin.

Mission

We do business as Illinois Triangle Alumni Corporation "ITAC". A college fraternity alumni association a social club for University of Illinois alumni. Triangle owned house for students to live in and host alumni gatherings for such occasions as Homecoming and Founder's Day; in July 2021 ownership of this house was transferred to an affiliated organization Triangle Illinois House LLC "TIH" that's part of the fraternity's national organization. The alumni association still manages in conjunction with TIH and Triangle Building & Housing Corporation "TBHC" the house and the fraternity's undergraduate students' educational and social program services

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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 (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,843
Investment Income $26,623
Other Revenue $373,435
TOTAL REVENUE $402,901

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $1,298
Program Expenses $4,569
Other Expenses $595,905
TOTAL EXPENSES $597,203

Year-over-Year Comparison

2021 2020 Change
Revenue $402,901 $309,300 +0.3%
Expenses $597,203 $198,391 +2.0%
Net Income $-194,302 $110,909 -2.8%
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
7
Independent Members
7
Employees
N/A
Volunteers
30

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
4
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Matthew N Frank President 5.00
Officer Director
$0 $0 $0
Nathan H Davis Secretary 5.00
Officer Director
$0 $0 $0
Vibhu Vanajari Director 5.00
Director
$0 $0 $0
Alex Perez Director 0.00
Director
$0 $0 $0
Andrew Lee Treasurer 0.00
Officer Director
$0 $0 $0
William Laitar Director 0.00
Officer
$0 $0 $0
David Zielke Director 0.00
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
2022 $402,901 $597,203 $2,050 $-194,302
2021 $309,300 $198,391 $548,193 $110,909
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