CHI OMEGA BUILDING ASSOCIATION OF PEORIA

EIN: 371204179

PEORIA, IL

Total Revenue
$265,911
Total Expenses
$271,016
Total Assets
$288,665
Net Assets
$288,665
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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
1938
Legal Domicile
IL
Principal Officer
KIM ARMSTRONG
Phone
3096774472
Tax Period
2024-06-01 to 2025-05-31

CHI OMEGA BUILDING ASSOCIATION OF PEORIA, founded in 1938, is a small nonprofit that reported $266K in total revenue in fiscal year 2024.

Mission

TO PROMOTE LASTING AND ENDURING FRIENDSHIPS AMONG ITS MEMBERS; TO FOSTER HIGHER STANDARDS OF INTELLECTUAL ACHIEVEMENT AND ETHICAL BEHAVIOR AMONG ITS MEMBERS; TO PROMOTE THE EDUCATION OF ITS CHAPTER MEMBERS AND TO PROMOTE THE EDUCATIONAL AND SOCIAL MILIEU OF THE COLLEGE WHERE ITS CHAPTER OF CHI OMEGA FRATERNITY IS ESTABLISHED; AND TO PROMOTE THE DEVELOPMENT OF EDUCATION AND ADVANCEMENT IN LIFE OF ITS COLLEGIATE MEMBERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,607
Program Service Revenue $260,628
Investment Income $1,676
Other Revenue $0
TOTAL REVENUE $265,911

Expense Breakdown

Grants Paid $0
Salaries & Benefits $34,099
Fundraising Expenses $0
Other Expenses $236,917
TOTAL EXPENSES $271,016

Year-over-Year Comparison

2024 2023 Change
Revenue $265,911 $247,979 +0.1%
Expenses $271,016 $376,751 -0.3%
Net Income $-5,105 $-128,772 -1.0%
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
1
Volunteers
6

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
KIM ARMSTRONG PRESIDENT 2.00
Officer Director
$0 $0 $0
ALLYSON SCHNEIDER TREASURER 1.00
Officer Director
$0 $0 $0
MICHELLE VESPA SECRETARY 1.00
Officer Director
$0 $0 $0
BRENDA LEGASPI DIRECTOR 1.00
Director
$0 $0 $0
JULIE HARVILL DIRECTOR 1.00
Director
$0 $0 $0
KATHY MA VICE PRESIDENT 1.00
Officer 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 $265,911 $271,016 $288,665 $-5,105
2024 $247,979 $376,751 $294,170 $-128,772
2023 $304,740 $297,433 $422,542 $7,307
2022 $246,718 $249,635 $419,435 $-2,917
2021 $284,596 $248,025 $422,952 $36,571
2020 $228,322 $191,839 $386,981 $36,483
2019 $245,834 $242,527 $348,898 $3,307
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