ALPHA HOME ASSOCIATION INC (EIN 541619651) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1923

Legal Domicile

Principal Officer

RICHARD LEE RASMUSSEN

Phone

4342938191

Tax Period

2023-01-01 to 2023-12-31

ALPHA HOME ASSOCIATION INC, founded in 1923, is a small nonprofit that reported $137K in total revenue in fiscal year 2018. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $132K left a modest 4% surplus.

Mission

TO BE TITLE HOLDER OF THE ASSETS FURTHERING THE BROTHERHOOD FOR ALUMNI & UNDERGRAD ALPHA MEMBERS OF THE CHI PHI FRATERNITY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,304

Program Service Revenue $150,150

Investment Income $6

Other Revenue $0

TOTAL REVENUE $152,460

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $126,641

TOTAL EXPENSES $126,641

Year-over-Year Comparison

	2023	2022	Change
Revenue	$152,460	$131,444	+0.2%
Expenses	$126,641	$139,420	-0.1%
Net Income	$25,819	$-7,976	-4.2%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALASTAR S MACDONALD	PRESIDENT	1.00	Officer Director	$0	$0	$0
RICHARD LEE RASMUSSEN	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
JAMES P SODERQUIST	DIRECTOR	1.00	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	$152,460	$126,641	$611,680	$25,819
2022	$131,444	$139,420	$583,641	$-7,976
2021	$99,553	$102,176	$591,567	$-2,623
2020	$125,055	$102,767	$590,590	$22,288
2019	$126,446	$111,277	$570,402	$15,169
2018	$137,000	$131,568	$570,822	$5,432

ALPHA HOME ASSOCIATION INC