BETA BUILDING ASSOCIATION OF MADIS… - 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

1957

Legal Domicile

Principal Officer

JEFFREY WHITE

Phone

8176023264

Tax Period

2023-06-01 to 2024-05-31

BETA BUILDING ASSOCIATION OF MADISON INC, founded in 1957, is a micro nonprofit that reported $55K in total revenue in fiscal year 2023. Revenue fell 89% from the prior year — a significant decline worth monitoring. Expenses of $168K exceeded revenue, resulting in a 205% operating deficit.

Mission

HOLDING TITLE TO PROPERTY OF THE BETA THETA PI CHAPTER OF UW-MADISON.

Program Service Accomplishments

Program 1

Expenses: $168,190

BETA BUILDING ASSOCIATION OF MADISON, INC. HELD TITLE TO THE CHAPTER HOUSE OF THE UNIVERSITY OF WISCONSIN-MADISON CHAPTER OF THE BETA THETA PI FRATERNITY THROUGH WHICH THE CHAPTER CARRIES OUT ITS...

BETA BUILDING ASSOCIATION OF MADISON, INC. HELD TITLE TO THE CHAPTER HOUSE OF THE UNIVERSITY OF WISCONSIN-MADISON CHAPTER OF THE BETA THETA PI FRATERNITY THROUGH WHICH THE CHAPTER CARRIES OUT ITS FRATERNAL MISSION. IN MAY 2023, THE ASSOCIATION CONTRIBUTED THE CHAPTER HOUSE TO MENDOTA COURT PRESERVATION, LLC (FEIN 92-3750883) IN EXCHANGE FOR THE MANAGING MEMBER INTEREST IN THE COMPANY. THE PURPOSE OF THE COMPANY IS TO OBTAIN AND LEVERAGE HISTORIC TAX CREDITS TO REHABILITATE THE CHAPTER HOUSE.

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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 $55,000

Program Service Revenue $0

Investment Income $67

Other Revenue $0

TOTAL REVENUE $55,067

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $168,190

Other Expenses $168,190

TOTAL EXPENSES $168,190

Year-over-Year Comparison

	2023	2022	Change
Revenue	$55,067	$496,100	-0.9%
Expenses	$168,190	$313,380	-0.5%
Net Income	$-113,123	$182,720	-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
MAX LORD	PRESIDENT (RESIGNED APRIL 2024)	5.00	Officer Director	$0	$0	$0
BART KOCHA	PRESIDENT (APRIL 2024 - ONGOING)	5.00	Officer Director	$0	$0	$0
JEFF WHITE	MEMBER DIRECTOR	1.00	Director	$0	$0	$0
CJ ADOURIAN	TREASURER	1.00	Officer Director	$0	$0	$0
BOB DOWNING	VP OF OPERATIONS	1.00	Director	$0	$0	$0
JOHN BOOSALIS	SECRETARY	1.00	Officer Director	$0	$0	$0
AUSTIN MOSE	ALUMNI RELATIONS (RESIGNED OCTOBER 2024)	1.00	Director	$0	$0	$0
GEORGE E MOORE III	ALUMNI RELATIONS (OCTOBER 2024 - ONGOING)	1.00	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	$55,067	$168,190	$2,249,399	$-113,123
2023	$496,100	$313,380	$2,365,382	$182,720
2022	$853,702	$410,825	$3,341,437	$442,877
2021	$577,497	$259,652	$2,707,190	$317,845
2020	$775,832	$307,893	$2,447,987	$467,939
2019	$264,643	$248,684	$1,919,898	$15,959
2018	$253,554	$277,090	$1,835,494	$-23,536

BETA BUILDING ASSOCIATION OF MADISON INC