THE TENNESSEE GAMMA CHAPTER OF PI BETA PHI CHAPTER HOUSE CORPORATION

EIN: 455540840 Recreation & Sports

KINGSPORT, TN

Total Revenue
$536,037
Total Expenses
$654,006
Total Assets
$3,430,208
Net Assets
$1,153,096
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
TN
Principal Officer
KRISTI BENNETT
Phone
8653100905
Tax Period
2023-09-01 to 2024-08-31

THE TENNESSEE GAMMA CHAPTER OF PI BETA PHI CHAPTER HOUSE CORPORATION, founded in 2012, is a small nonprofit in the Recreation & Sports sector that reported $536K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $654K exceeded revenue, resulting in a 22% operating deficit.

Mission

THE CORPORATION IS A NON-RELIGIOUS, MUTUAL BENEFIT CORPORATION, SETUP EXCLUSIVELY FOR PLEASURE, RECREATION, AND OTHER NON-PROFITABLE PURPOSES AND ACTIVITIES. THE PURPOSE OF THE CORPORATION IS TO PROMOTE LASTING AND ENDURING FRIENDSHIPS AMONG MEMBERS, TO FOSTER HIGH STANDARDS OF INTELLECTUAL ACHIEVEMENT AND ETHICAL BEHAVIOR AMONG MEMBERS, AND TO PROMOTE EDUCATION OF MEMBERS AND CHAPTERS COLLEGE.

Program Service Accomplishments

Program 1
Expenses: $564,206 Revenue: $256,332

THE HOUSE CORPORATION PROVIDES SOCIAL NON-PROFITABLE ACTIVITIES TO MEMBERS TO PROMOTE THE EDUCATION AND SOCIAL MILIEU OF THE UNIVERSITY OF TENNESSEE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $399,303
Investment Income $7,534
Other Revenue $129,200
TOTAL REVENUE $536,037

Expense Breakdown

Grants Paid $0
Salaries & Benefits $65,079
Fundraising Expenses $0
Program Expenses $564,206
Other Expenses $588,927
TOTAL EXPENSES $654,006

Year-over-Year Comparison

2023 2022 Change
Revenue $536,037 $454,632 +0.2%
Expenses $654,006 $502,328 +0.3%
Net Income $-117,969 $-47,696 +1.5%
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
3
Independent Members
3
Employees
1
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KRISTI BENNETT PRESIDENT 5.00
Officer Director
$0 $0 $0
SUSAN DOMINIC SECRETARY 5.00
Officer Director
$0 $0 $0
SHANNON PRESTON TREASURER 1.00
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
2024 $536,037 $654,006 $3,430,208 $-117,969
2023 $454,632 $502,328 $3,612,847 $-47,696
2022 $458,575 $422,465 $3,730,765 $36,110
2021 $471,912 $396,784 $3,763,060 $75,128
2020 $485,706 $399,897 $3,754,648 $85,809
2019 $456,948 $441,035 $3,799,982 $15,913
2018 $543,187 $447,065 $3,883,498 $96,122
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