SIGMA KAPPA CORPORATION

EIN: 380293927

E LANSING, MI

Total Revenue
$526,855
Total Expenses
$584,052
Total Assets
$1,707,522
Net Assets
$1,689,059
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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
1874
Legal Domicile
MI
Principal Officer
LINDA ULREY
Phone
5173325355
Tax Period
2023-08-01 to 2024-07-31

SIGMA KAPPA CORPORATION, founded in 1874, is a small nonprofit that reported $527K in total revenue in fiscal year 2023. Expenses of $584K exceeded revenue, resulting in a 11% operating deficit.

Mission

PROVIDE SAFE AND AFFORDABLE HOUSING, MEALS & EDUCATIONAL SUPPORT FOR THE MEMBERS OF ALPHA TAU SIGMNA KAPPA SORORITY

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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 $0
Program Service Revenue $507,285
Investment Income $19,570
Other Revenue $0
TOTAL REVENUE $526,855

Expense Breakdown

Grants Paid $0
Salaries & Benefits $62,123
Fundraising Expenses $0
Other Expenses $505,429
TOTAL EXPENSES $584,052

Year-over-Year Comparison

2023 2022 Change
Revenue $526,855 $548,115 0.0%
Expenses $584,052 $612,316 0.0%
Net Income $-57,197 $-64,201 -0.1%
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

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Governance

Voting Members
6
Independent Members
6
Employees
2
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
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LINDA ULREY PRESIDENT N/A
Officer Director
$0 $0 $0
RACHEL PHELPS TREASURER N/A
Officer Director
$0 $0 $0
MAKENNA RICKEY CHAPTER PRES N/A
Director
$0 $0 $0
LIZ COLEMAN CHAPTER TREA N/A
Director
$0 $0 $0
MEGAN GLASER VICE PRESIDE N/A
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
2024 $526,855 $584,052 $1,707,522 $-57,197
2023 $548,115 $612,316 $1,698,270 $-64,201
2022 $551,081 $606,115 $1,721,598 $-55,034
2021 $238,378 $402,577 $1,786,842 $-164,199
2021 $238,378 $402,577 $1,786,842 $-164,199
2020 $540,373 $502,314 $1,942,545 $38,059
2019 $571,621 $464,980 $1,896,001 $106,641
2018 $565,675 $422,417 $1,800,041 $143,258
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