THETA CHI AT DRAKE UNIVERSITY HELPING HAND FOUNDATION

EIN: 455407781 501(c)(3) Education

Davenport, IA

Total Revenue
$254,510
Total Expenses
$67,987
Total Assets
$349,069
Net Assets
$349,069
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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
2014
Legal Domicile
IA
Principal Officer
Davis Heck
Phone
2248289564
Tax Period
2024-01-01 to 2024-12-31

THETA CHI AT DRAKE UNIVERSITY HELPING HAND FOUNDATION, founded in 2014, is a small nonprofit in the Education sector that reported $255K in total revenue in fiscal year 2024. Revenue surged 205% from the prior year, signaling strong growth momentum. The organization ran a surplus of $187K, a strong 73% operating margin.

Mission

AID, ENCOURAGEMENT, PROMOTE AND CONTRIBUTE TO THE EDUCATION OF MEMBERS OF THETA CHI FRATERNITY AT DRAKE UNIVERSITY, TO PROMOTE SCHOLARSHIP, CHARACTER, AND MORALITY.

Program Service Accomplishments

Program 1
Expenses: $40,499 Revenue: $0

Grant to OX Building Corporation for operational expenses for Theta Chi Fraternity at Drake University. Supports the education achievements of ~30 members living in the house and ~75 total members.

Program 2
Expenses: $5,000 Revenue: $0

Grants to 10 members of Theta Chi Fraternity at Drake University for general education purposes including tuition, books, supplies, etc.

Program 3
Expenses: $3,466 Revenue: $0

Provide reimbursement for travel expense for Drake University students that attend leadership courses and retreats.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $221,920
Program Service Revenue $0
Investment Income $6,260
Other Revenue $26,330
TOTAL REVENUE $254,510

Expense Breakdown

Grants Paid $48,965
Salaries & Benefits $0
Fundraising Expenses $19,022
Program Expenses $48,965
Other Expenses $0
TOTAL EXPENSES $67,987

Year-over-Year Comparison

2024 2023 Change
Revenue $254,510 $83,570 +2.0%
Expenses $67,987 $39,719 +0.7%
Net Income $186,523 $43,851 +3.3%
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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
5

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
1
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Davis Heck President 5
Officer Director
$0 $0 $0
John Haben Jr Treasurer 2
Director
$0 $0 $0
John Riley Director 2
Director
$0 $0 $0
Thomas Wrigley Director 2
Director
$0 $0 $0
Jacob Stockdale Director 2
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
2024 $254,510 $67,987 $349,069 $186,523
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