OMICRON OF CHI OMEGA BUILDING ASSOCIATION

EIN: 376032151 Education

CHAMPAIGN, IL

Total Revenue
$889,771
Total Expenses
$446,264
Total Assets
$1,149,758
Net Assets
$1,149,758
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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
1925
Legal Domicile
IL
Principal Officer
GAYLE SPENCER
Phone
2173440545
Tax Period
2022-07-01 to 2023-06-30

OMICRON OF CHI OMEGA BUILDING ASSOCIATION, founded in 1925, is a small nonprofit in the Education sector that reported $890K in total revenue in fiscal year 2022. Revenue surged 184% from the prior year, signaling strong growth momentum. The organization ran a surplus of $444K, a strong 50% operating margin.

Mission

OPERATION OF SORORITY LODGE

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $888,921
Investment Income $850
Other Revenue $0
TOTAL REVENUE $889,771

Expense Breakdown

Grants Paid $0
Salaries & Benefits $40,404
Fundraising Expenses $0
Other Expenses $405,860
TOTAL EXPENSES $446,264

Year-over-Year Comparison

2022 2021 Change
Revenue $889,771 $313,711 +1.8%
Expenses $446,264 $425,956 +0.0%
Net Income $443,507 $-112,245 -5.0%
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
2
Independent Members
2
Employees
1
Volunteers
2

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
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GAYLE SPENCER PRESIDENT 5.00
Officer Director
$0 $0 $0
JANET SORRELLS TREASURER 5.00
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 No data No data No data No data
2024 No data No data No data No data
2023 $889,771 $446,264 $1,149,758 $443,507
2022 $313,711 $425,956 $706,190 $-112,245
2021 $422,448 $393,258 $818,496 $29,190
2020 $407,008 $394,199 $789,306 $12,809
2019 $537,394 $441,982 $776,497 $95,412
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