THETA XI FRATERNITY ALPHA BETA ASSN

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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

1922

Legal Domicile

Principal Officer

Jay Enders

Phone

8478901427

Tax Period

2022-01-01 to 2022-12-31

THETA XI FRATERNITY ALPHA BETA ASSN, founded in 1922, is a micro nonprofit that reported $73K in total revenue in fiscal year 2022. Revenue fell 400% from the prior year — a significant decline worth monitoring.

Mission

TO MAINTAIN THE THETA XI FRATERNITY HOUSE AT THE UNIVERSITY OF ILLINOIS AT URBANA-CHAMPAIGN AND TO PROMOTE PROGRAMS, EDUCATIONAL AND OTHERWISE, FOR ALL CURRENT AND ALUMNI MEMBERS

Program Service Accomplishments

Program 1

NO EVENTS WERE HELD THIS YEAR. ALL EVENTS HELD WERE VIRTUAL, WITH NO MONETARY EXPENSE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $42,750

Program Service Revenue $0

Investment Income $4

Other Revenue $-115,962

TOTAL REVENUE $-73,208

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $1,850

TOTAL EXPENSES $12,000

Year-over-Year Comparison

	2022	2021	Change
Revenue	$-73,208	$24,417	-4.0%
Expenses	$12,000	$15,958	-0.2%
Net Income	$-85,208	$8,459	-11.1%

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

N/A

Volunteers

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
Brad Stoddard	Trustee and Senior Advisor	0	Director	$0	$0	$0
Geno Kurolapnik	President	3	Officer	$0	$0	$0
Matt Misichko	Vice President	0	Officer	$0	$0	$0
Jay Enders	Treasurer	3	Officer	$0	$0	$0
Jordan Frieders	Secretary	0	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
2022	$-73,208	$12,000	$202,632	$-85,208
2021	$24,417	$15,958	$290,131	$8,459
2020	$-24,100	$21,423	$313,009	$-45,523