Michigan Gamma Chapter of Sigma Alpha Epsilon Fraternity

EIN: 455515223

Evanston, IL

Total Revenue
$827,523
Total Expenses
$833,105
Total Assets
$93,427
Net Assets
$-35,891
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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
1927
Legal Domicile
MI
Principal Officer
Juan Faria
Phone
2243070659
Tax Period
2024-07-01 to 2025-06-30

Michigan Gamma Chapter of Sigma Alpha Epsilon Fraternity, founded in 1927, is a small nonprofit that reported $828K in total revenue in fiscal year 2024.

Mission

Undergraduate collegiate fraternity at Michigan State University.

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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 $0
Program Service Revenue $827,523
Investment Income $0
Other Revenue $0
TOTAL REVENUE $827,523

Expense Breakdown

Grants Paid $0
Salaries & Benefits $101,638
Fundraising Expenses $0
Program Expenses $833,105
Other Expenses $731,467
TOTAL EXPENSES $833,105

Year-over-Year Comparison

2024 2023 Change
Revenue $827,523 $782,137 +0.1%
Expenses $833,105 $937,208 -0.1%
Net Income $-5,582 $-155,071 -1.0%
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

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Governance

Voting Members
134
Independent Members
134
Employees
4
Volunteers
1

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
3
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Juan I Faria Controller 2.00
Director
$0 $0 $0
Gregory P Somers CEO 2.00
Director
$0 $0 $0
Sam Klonke President 10.00
Officer
$0 $0 $0
Will Long Vice President 10.00
Officer
$0 $0 $0
Min Chan Yang Treasurer 10.00
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 $827,523 $833,105 $93,427 $-5,582
2024 $782,137 $937,208 $68,699 $-155,071
2023 $834,019 $802,418 $34,304 $31,601
2022 $736,100 $864,991 $40,499 $-128,891
2021 $591,697 $605,513 $196,416 $-13,816
2020 $570,508 $352,867 $307,343 $217,641
2019 $107,510 $691,908 $53,934 $-584,398
2018 $686,476 $567,589 $14,218 $118,887
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