THETA CHI BUILDING ASSOCIATION OF ANN ARBOR MI (EIN 386063281) - Form 990 Financial Analysis & Trantor Score

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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

1919

Legal Domicile

Principal Officer

JOSHUA WEINGAST

Phone

2019069335

Tax Period

2023-10-01 to 2024-09-30

THETA CHI BUILDING ASSOCIATION OF ANN ARBOR MI, founded in 1919, is a small nonprofit that reported $193K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Net assets of $1.2M represent 72 months of operating reserves.

Mission

BUILDING ASSOCIATION FOR FRATERNITY

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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 (2023)

Revenue Breakdown

Contributions & Grants $299

Program Service Revenue $191,796

Investment Income $1,290

Other Revenue $0

TOTAL REVENUE $193,385

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $188,597

TOTAL EXPENSES $188,597

Year-over-Year Comparison

	2023	2022	Change
Revenue	$193,385	$176,543	+0.1%
Expenses	$188,597	$184,843	+0.0%
Net Income	$4,788	$-8,300	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF FORDECK	PRESIDENT	2.00	Officer	$0	$0	$0
JR SMITH	VICE PRESIDE	2.00	Officer	$0	$0	$0
JOSHUA WEINGAST	TREASURER	2.00	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
2024	$193,385	$188,597	$1,188,661	$4,788
2023	$176,543	$184,843	$951,712	$-8,300
2022	$221,517	$175,623	$960,742	$45,894
2021	$265,599	$163,391	$921,319	$102,208
2020	$236,005	$200,428	$821,115	$35,577
2019	$252,765	$202,120	$780,233	$50,645
2018	$246,753	$227,906	$728,948	$18,847

THETA CHI BUILDING ASSOCIATION OF ANN ARBOR MI