SIGMA ALPHA EPSILON FRATERNITY MICHIGAN IOTA BETA ASSOC (EIN 386067478) - 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

1932

Legal Domicile

Principal Officer

Thomas Freed

Phone

2482106136

Tax Period

2024-08-01 to 2025-07-31

SIGMA ALPHA EPSILON FRATERNITY MICHIGAN IOTA BETA ASSOC, founded in 1932, is a micro nonprofit that reported $80K in total revenue in fiscal year 2024. Revenue surged 82% from the prior year, signaling strong growth momentum. The organization ran a surplus of $28K, a strong 35% operating margin.

Mission

Alumni association providing leadership training and housing for undergrad students

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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 $80,000

Program Service Revenue $0

Investment Income $39

Other Revenue $0

TOTAL REVENUE $80,039

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $51,704

TOTAL EXPENSES $51,704

Year-over-Year Comparison

	2024	2023	Change
Revenue	$80,039	$44,071	+0.8%
Expenses	$51,704	$56,839	-0.1%
Net Income	$28,335	$-12,768	-3.2%

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
Craig Mirkin	Chairman	1	Director	$0	$0	$0
Joe Van Harken	President	1	Officer	$0	$0	$0
Dave Morante	Vice President	1	Officer	$0	$0	$0
David Poupard	Secretary	1	Officer	$0	$0	$0
Brett Goldman	Co-treasurer	1	Officer	$0	$0	$0
Thomas Freed	Co-treasurer	1	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
2025	$80,039	$51,704	$2,240,032	$28,335
2023	$39,617	$88,015	$2,269,750	$-48,398
2022	$3,332	$93,812	$575,936	$-90,480
2021	$81,161	$64,035	$675,466	$17,126

SIGMA ALPHA EPSILON FRATERNITY MICHIGAN IOTA BETA ASSOC