Alpha Iota Building Association Inc

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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

1947

Legal Domicile

Phone

9139483502

Tax Period

2023-09-01 to 2024-08-31

Alpha Iota Building Association Inc, founded in 1947, is a small nonprofit that reported $510K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $143K, a strong 28% operating margin.

Mission

Serve as advisor to Sigma Pi Fraternity. Provide and maintain housing for the fraternity.

Program Service Accomplishments

Program 1

Serve as advisor to Sigma Pi Fraternity. Provide and maintain housing.

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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 $32,821

Program Service Revenue $477,080

Investment Income $0

Other Revenue $0

TOTAL REVENUE $509,901

Expense Breakdown

Grants Paid $28,500

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $338,785

TOTAL EXPENSES $367,285

Year-over-Year Comparison

	2023	2022	Change
Revenue	$509,901	$553,242	-0.1%
Expenses	$367,285	$409,427	-0.1%
Net Income	$142,616	$143,815	0.0%

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
Samuel Gard	Treasurer	3.00	Officer Director	$0	$0	$0
Brett Kraus	Vice President	4.00	Officer Director	$0	$0	$0
Michael Little	President	5.00	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	No data	No data	No data	No data
2024	$509,901	$367,285	$4,467,617	$142,616
2023	$553,242	$409,427	$4,453,637	$143,815
2022	$538,791	$411,048	$4,433,410	$127,743
2021	$901,903	$415,352	$4,419,104	$486,551
2020	$767,090	$472,696	$4,412,177	$294,394