FARMHOUSE FRATERNITY NDSU CHAPTER

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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

1955

Legal Domicile

Phone

7012937761

Tax Period

2024-01-01 to 2024-12-31

FARMHOUSE FRATERNITY NDSU CHAPTER, founded in 1955, is a small nonprofit that reported $228K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $201K left a modest 12% surplus.

Mission

Fraternity House at State College Campus Providing Board and Room for Approximately 40 Students

Program Service Accomplishments

Program 1

Expenses: $199,093 Revenue: $228,136

Fraternity House at State College Campus Providing Board and Room for Approximately 40 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 $227,992

Program Service Revenue $0

Investment Income $144

Other Revenue $0

TOTAL REVENUE $228,136

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,669

Fundraising Expenses $1,998

Program Expenses $199,093

Other Expenses $176,422

TOTAL EXPENSES $201,091

Year-over-Year Comparison

	2024	2023	Change
Revenue	$228,136	$188,151	+0.2%
Expenses	$201,091	$179,884	+0.1%
Net Income	$27,045	$8,267	+2.3%

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

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
Lleyton Vetter	Director of Alumni Relations	2.00	Director	$0	$0	$0
Andy Meyer	New Member Educator	2.00	Director	$0	$0	$0
Payton Rude	Director of Administration	2.00	Director	$0	$0	$0
Mitch Wibe	Director of House Operations	2.00	Director	$0	$0	$0
Andrew Duchscher	Director of Risk Managment	2.00	Director	$0	$0	$0
William Stover	Director of Scholarship	2.00	Director	$0	$0	$0
Seth Wolf	President	2.00	Officer	$0	$0	$0
Gannon Rockstad	VP of Finance	4.00	Officer	$0	$0	$0
Luke Meger	VP of Recruitment	2.00	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	No data	No data	No data	No data
2024	$228,136	$201,091	$36,102	$27,045