CANONSBURG CORPORATION MICHIGAN AL… - Form 990 Financial Data

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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

1954

Legal Domicile

Principal Officer

DAVID FRAYNE

Phone

7342772253

Tax Period

2024-09-01 to 2025-08-31

CANONSBURG CORPORATION MICHIGAN ALPHA CHAPTER, founded in 1954, is a small nonprofit in the Recreation & Sports sector that reported $228K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

MANAGE HOUSING FOR UNDERGRADUATES SOCIAL FRATERNITY AT THE UNIVERSITY OF MICHIGAN AND CONDUCT ALUMNI RELATIONS.

Program Service Accomplishments

Program 1

MANAGE HOUSING FOR UNDERGRADUATES SOCIAL FRATERNITY AT THE UNIVERSITY OF MICHIGAN AND CONDUCT ALUMNI RELATIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,332

Program Service Revenue $226,417

Investment Income $684

Other Revenue $0

TOTAL REVENUE $228,433

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $222,077

TOTAL EXPENSES $222,077

Year-over-Year Comparison

	2024	2023	Change
Revenue	$228,433	$194,920	+0.2%
Expenses	$222,077	$205,274	+0.1%
Net Income	$6,356	$-10,354	-1.6%

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
ROGER GOODRICH	PRESIDENT	3.75	Officer Director	$0	$0	$0
DANIEL ADSIT	TREASURER	3.75	Officer Director	$0	$0	$0
DAVID FRAYNE	SECRETARY	3.75	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	$228,433	$222,077	$897,292	$6,356
2024	$194,920	$205,274	$928,891	$-10,354
2023	$217,273	$213,975	$971,417	$3,298
2022	$234,638	$232,436	$1,011,731	$2,202
2021	$335,940	$226,852	$1,032,222	$109,088
2019	$246,441	$306,533	$969,365	$-60,092

CANONSBURG CORPORATION MICHIGAN ALPHA CHAPTER