ETA LAMBDA ALUMNI ASSOCIATION OF THETA CHI FRATERNITY LTD (EIN 510217303) - 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

1972

Legal Domicile

Principal Officer

Gregory J Derhaag

Phone

4023158137

Tax Period

2025-01-01 to 2025-12-31

ETA LAMBDA ALUMNI ASSOCIATION OF THETA CHI FRATERNITY LTD, founded in 1972, is a micro nonprofit in the Education sector that reported $84K in total revenue in fiscal year 2025. Revenue decreased 13% compared to the prior year. Expenses of $109K exceeded revenue, resulting in a 30% operating deficit.

Mission

Alumni Association for an active chapter of Theta Chi Fraternity at Virginia Tech. The association owns, operates, maintains, and improves the chapter house. The chapter house is an asset utilized by undergraduate brothers who live in the house, and visiting alumni.

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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 (2025)

Revenue Breakdown

Contributions & Grants $29,644

Program Service Revenue $52,083

Investment Income $914

Other Revenue $1,500

TOTAL REVENUE $84,141

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $109,071

Other Expenses $108,966

TOTAL EXPENSES $109,072

Year-over-Year Comparison

	2025	2024	Change
Revenue	$84,141	$97,096	-0.1%
Expenses	$109,072	$68,715	+0.6%
Net Income	$-24,931	$28,381	-1.9%

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
Edward A Lemanski	President	6	Officer	$0	$0	$0
Wayne E Campman	Vice President	6	Officer	$0	$0	$0
Gregory Derhaag	Treasurer	6	Officer	$0	$0	$0
John Irwin	Secretary	2	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	$84,141	$109,072	$638,856	$-24,931
2024	$97,096	$68,715	$662,553	$28,381
2023	$108,453	$108,280	$579,320	$173
2022	$172,056	$128,494	$239,483	$43,562

ETA LAMBDA ALUMNI ASSOCIATION OF THETA CHI FRATERNITY LTD