INTERFRATERNITY COUNCIL OF THE UNI… - Form 990 Financial Data

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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

1973

Legal Domicile

Principal Officer

LEIGH THIEDEMAN

Phone

4024724758

Tax Period

2023-01-01 to 2023-12-31

INTERFRATERNITY COUNCIL OF THE UNIVERSITY OF NEBRASKA-LINCOLN, founded in 1973, is a small nonprofit that reported $265K in total revenue in fiscal year 2023. Expenses of $255K left a modest 4% surplus.

Mission

WE, THE INTERFRATERNITY COUNCIL, EXIST TO PROMOTE THE SHARED INTERESTS AND VALUES OF OUR MEMBER FRATERNITIES: LEADERSHIP, SERVICE, BROTHERHOOD, AND SCHOLARSHIP.

Program Service Accomplishments

Program 1

WE BELIEVE IN FRATERNITY AND THAT THE SHARED VALUES OF FRATERNITY DRIVE THE IFC TO CREATE BETTER COMMUNITIES, BETTER CHAPTERS, AND BETTER MEN. WE WORK TO ADVANCE THE ACADEMIC MISSION OF THE HOST...

WE BELIEVE IN FRATERNITY AND THAT THE SHARED VALUES OF FRATERNITY DRIVE THE IFC TO CREATE BETTER COMMUNITIES, BETTER CHAPTERS, AND BETTER MEN. WE WORK TO ADVANCE THE ACADEMIC MISSION OF THE HOST INSTITUTION, TO ENABLE FRATERNAL ORGANIZATIONS TO GROW AND THRIVE THROUGH COLLABORATION AND TEAMWORK, TO PROVIDE AN OUTLET FOR SELF-GOVERNANCE AND ACCOUNTABILITY, AND TO MODEL AND TEACH ETHICAL LEADERSHIP. IN A SPIRIT OF MUTUAL SUPPORT AND BETTERMENT, WE, THE MEN OF THE INTERFRATERNITY COUNCIL, PLEDGE TO ELEVATE THE RITUAL AND THE VALUES OF THE MEMBER ORGANIZATIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $257,467

Program Service Revenue $0

Investment Income $0

Other Revenue $7,376

TOTAL REVENUE $264,843

Expense Breakdown

Grants Paid $62,498

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $192,871

TOTAL EXPENSES $255,369

Year-over-Year Comparison

	2023	2022	Change
Revenue	$264,843	N/A	N/A
Expenses	$255,369	N/A	N/A
Net Income	$9,474	$0	N/A

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
PRESTON KOTIK	PRESIDENT THRU 6/23	5.00	Officer Director	$0	$0	$0
JACOB ENGEL	PRESIDENT AS OF 7/23	5.00	Officer Director	$0	$0	$0
PALMER WRIGHT	VICE PRESIDENT AS OF 8/23	5.00	Officer Director	$0	$0	$0
THOMAS SOJKA - DIRECTOR OF	ADMINSTRATION & FINANCE	5.00	Officer Director	$0	$0	$0
LEIGH THIEDEMAN	DIRECTOR, GREEK AFFAIRS - ADVISOR	5.00	Director	$0	$0	$0
JON GAYER	COORDINATOR THRU 8/23	15.00	Director	$0	$0	$0
MATHEW FORD	DIRECTOR OF RECRUITMENT	5.00	Officer Director	$0	$0	$0
JOHN VACEK - DIRECTOR OF	DIVERSITY, EQUITY & INCLUSION	5.00	Officer Director	$0	$0	$0
MAXWELL HAMILL	DIRECTOR OF PHILANTHROPY	5.00	Officer Director	$0	$0	$0
TOMMY MEISINGER	DIRECTOR OF PUBLIC RELATIONS	5.00	Officer Director	$0	$0	$0
BRETT HEINRICH - DIRECTOR OF	RESILIENCE & WELLBEING	5.00	Officer Director	$0	$0	$0
JAMES JURA	DIRECTOR OF CHAPTER SUPPORT	5.00	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	No data	No data	No data	No data
2023	$264,843	$255,369	$327,397	$9,474

INTERFRATERNITY COUNCIL OF THE UNIVERSITY OF NEBRASKA-LINCOLN