THETA XI FRATERNITY

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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

1960

Legal Domicile

Principal Officer

J TANNER MARCANTEL

Phone

3149936294

Tax Period

2024-07-01 to 2025-06-30

THETA XI FRATERNITY, founded in 1960, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $1.4M left a modest 5% surplus.

Mission

THE PURPOSE OF THE FRATERNITY IS TO PROVIDE A COLLEGE HOME ENVIRONMENT FOR ITS UNDERGRADUATE MEMBERS IN WHICH FELLOWSHIP AND ALUMNI GUIDANCE LEAD TO WHOLESOME MENTAL, MORAL, PHYSICAL AND SPIRITUAL GROWTH.

Program Service Accomplishments

Program 1

CHAPTER SERVICES INCLUDE: LEADERSHIP CONSULTANT, EXECUTIVE STAFF, AND VOLUNTEER ALUMNI OFFICER VISITS TO UNDERGRADUATE CAMPUS CHAPTERS TO OVERVIEW OPERATIONS, PROVIDE VERBAL AND WRITTEN ADVICE AND...

CHAPTER SERVICES INCLUDE: LEADERSHIP CONSULTANT, EXECUTIVE STAFF, AND VOLUNTEER ALUMNI OFFICER VISITS TO UNDERGRADUATE CAMPUS CHAPTERS TO OVERVIEW OPERATIONS, PROVIDE VERBAL AND WRITTEN ADVICE AND COUNSEL TO IMPROVE INDIVIDUAL LEADERSHIP SKILLS AND OVERALL CHAPTER PERFORMANCE. VARIETY OF GUIDES AND EDUCATIONAL PROGRAMS FOR PERSONAL DEVELOPMENT, ACADEMIC ACHEIVEMENT AND TO IMPROVE CHAPTER OPERATIONS. GUIDES FOR VOLUNTEER ALUMNI WHO SERVE AS ADVISORS AND MENTORS TO UNDERGRATUATE MEMBERS ARE ALSO PROVIDED.

Program 2

INSURANCE PROGRAM INCLUDES: LIABILITY INSURANCE: UNDERGRADUATE RISK MANAGEMENT EDUCATION THAT ADDRESSES ALCOHOL USE, ILLEGAL DRUGS, SEXUAL ABUSE AND HAZING; UNDERGRADUATE AND ALUMNI RISK MANAGEMENT...

Program 3

NATIONAL CONVENTION INCLUDES: EXERCISES IN SELF-GOVERNANCE, EDUCATIONAL AND LEADERSHIP SKILLS WORKSHOPS, RECOGNITION OF ACADEMIC AND OPERATIONS ACCOMPLISHMENTS, SHARING OF BEST-PRACTICES AND RITUAL...

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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 $144,297

Program Service Revenue $1,195,261

Investment Income $177,564

Other Revenue $14,180

TOTAL REVENUE $1,531,302

Expense Breakdown

Grants Paid $0

Salaries & Benefits $491,261

Fundraising Expenses $0

Other Expenses $958,577

TOTAL EXPENSES $1,449,838

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,531,302	$1,220,112	+0.3%
Expenses	$1,449,838	$1,270,778	+0.1%
Net Income	$81,464	$-50,666	-2.6%

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

Volunteers

312

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

$95,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RYAN A KIGHT	NATIONAL PRESIDENT	1.00	Officer Director	$0	$0	$0
KEVIN S BRAY	VP - ADMINISTRATION	1.00	Officer Director	$0	$0	$0
BRETT M COVERT	VP - ALUMNI	1.00	Officer Director	$0	$0	$0
DUANE L JAMES	VP - CHAPTER OPERATIONS	2.00	Officer Director	$0	$0	$0
KYLE J DUDLEY	DIRECTOR	2.00	Director	$0	$0	$0
ADAM J CARACCI	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT N CAPONE	DIRECTOR	2.00	Director	$0	$0	$0
DAVID E REAP	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES W DECROES	UNDERGRADUATE DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH K TRASKASKI	UNDERGRADUATE DIRECTOR	1.00	Director	$0	$0	$0
J TANNER MARCANTEL	EXECUTIVE DIRECTOR	40.00	Officer	$95,000	$0	$95,000

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	$1,531,302	$1,449,838	$3,094,852	$81,464
2024	$1,220,112	$1,270,778	$2,910,633	$-50,666
2023	$1,241,419	$1,443,109	$2,767,895	$-201,690
2022	$1,187,038	$1,126,000	$2,673,332	$61,038
2021	$1,078,305	$806,713	$2,884,253	$271,592
2020	$1,188,361	$1,023,756	$2,165,822	$164,605
2019	$1,241,379	$1,239,844	$2,265,244	$1,535
2018	$1,263,059	$1,266,104	$2,219,828	$-3,045