University of South Carolina Theta Chi Fraternity (EIN 471178327) - Form 990 Financial Analysis & Trantor Score

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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

2015

Legal Domicile

Principal Officer

Paul Scutti

Phone

3178481856

Tax Period

2024-01-01 to 2024-12-31

University of South Carolina Theta Chi Fraternity, founded in 2015, is a small nonprofit that reported $345K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year.

Mission

Social Club - Fraternity. 170 Members

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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 $2,000

Program Service Revenue $343,466

Investment Income $0

Other Revenue $-100

TOTAL REVENUE $345,366

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $349,940

TOTAL EXPENSES $351,940

Year-over-Year Comparison

	2024	2023	Change
Revenue	$345,366	$392,339	-0.1%
Expenses	$351,940	$378,785	-0.1%
Net Income	$-6,574	$13,554	-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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

170

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
Wade Payne	President	20	Officer Director	$0	$0	$0
Rob Gilligan	Vice President	10	Officer Director	$0	$0	$0
Michael Del Borello	Treasurer	20	Officer Director	$0	$0	$0
Adam Osborn	Secretary	10	Officer Director	$0	$0	$0
Connor Gitman	VP of Health and Safety	10	Officer Director	$0	$0	$0
Paul Scutti	Recruitment	10	Officer Director	$0	$0	$0
Luigi Massalgi	Chaplain	10	Officer Director	$0	$0	$0
Ryan Karbow	Alumni Relations	10	Officer Director	$0	$0	$0
Will Barry	Scholarship	10	Officer Director	$0	$0	$0
Evan Wunderlich	Historian	10	Officer Director	$0	$0	$0
Alex Montemagno	Second Guard	10	Officer Director	$0	$0	$0
Jason Williamson	Social Chair	20	Officer Director	$0	$0	$0
Colin Hogan	Marshal	10	Officer Director	$0	$0	$0
Sean Clerc	First Guard	10	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	$345,366	$351,940	$21,829	$-6,574
2023	$392,339	$378,785	$28,403	$13,554
2022	$423,459	$421,235	$14,849	$2,224
2021	$345,522	$340,893	$12,625	$4,629
2019	$204,701	$159,156	$51,090	$45,545

University of South Carolina Theta Chi Fraternity