THETA XI FOUNDATION (EIN 436049500) - 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

1949

Legal Domicile

Principal Officer

J TANNER MARCANTEL

Phone

3149936294

Tax Period

2024-07-01 to 2025-06-30

THETA XI FOUNDATION, founded in 1949, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 59% from the prior year, signaling strong growth momentum. The organization ran a surplus of $628K, a strong 51% operating margin.

Mission

TO PROVIDE EDUCATIONAL PROGRAMMING AND SCHOLARSHIP ASSISTANCE TO THE UNDERGRATUATE MEMBERS OF THETA XI 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 (2024)

Revenue Breakdown

Contributions & Grants $997,483

Program Service Revenue $0

Investment Income $230,530

Other Revenue $11,654

TOTAL REVENUE $1,239,667

Expense Breakdown

Grants Paid $260,652

Salaries & Benefits $70,263

Fundraising Expenses $89,681

Program Expenses $327,471

Other Expenses $281,203

TOTAL EXPENSES $612,118

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,239,667	$779,650	+0.6%
Expenses	$612,118	$693,622	-0.1%
Net Income	$627,549	$86,028	+6.3%

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
KENNETH A MILLER	CHAIRMAN	3.00	Officer Director	$0	$0	$0
STEPHEN D BAKER	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
DONALD S MERINGER	SECRETARY	1.00	Officer Director	$0	$0	$0
H ROBERT VEENSTRA JR	TREASURER	2.00	Officer Director	$0	$0	$0
PHILLIP R BOYCE	TRUSTEE	1.00	Director	$0	$0	$0
DAVID K FORD	TRUSTEE	1.00	Director	$0	$0	$0
CRAIG S JANUS	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD E MALIR	TRUSTEE	1.00	Director	$0	$0	$0
KURT G MAY	TRUSTEE	1.00	Director	$0	$0	$0
JAMES O PIKE	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL A PITCHER	TRUSTEE	1.00	Director	$0	$0	$0
ADAM M SCHAFFER	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER N BAKER	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD C MCCORMAC	HONORARY TRUSTEE	1.00	Director	$0	$0	$0
DONALD G ALLISON	HONORARY TRUSTEE	1.00	Director	$0	$0	$0
J TANNER MARCANTEL	EXECUTIVE DIRECTOR	6.00	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
2025	$1,239,667	$612,118	$6,386,865	$627,549
2024	$779,650	$693,622	$5,678,071	$86,028
2023	$1,092,285	$1,658,349	$5,197,820	$-566,064
2022	$2,641,899	$881,687	$6,097,582	$1,760,212
2021	$1,008,580	$780,558	$4,658,537	$228,022
2020	$813,594	$730,276	$4,015,289	$83,318
2019	$1,069,056	$1,050,479	$3,924,042	$18,577
2018	$1,213,787	$543,425	$3,914,869	$670,362

THETA XI FOUNDATION