THETA CHI ALUMNI CORPORATION

EIN: 560771450 Education

RALEIGH, NC

Total Revenue
$295,618
Total Expenses
$247,463
Total Assets
$723,589
Net Assets
$372,707
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1962
Legal Domicile
NC
Principal Officer
CHARLIE TOWNSEND
Phone
9195844746
Tax Period
2024-09-01 to 2025-08-31

THETA CHI ALUMNI CORPORATION, founded in 1962, is a small nonprofit in the Education sector that reported $296K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $48K, a strong 16% operating margin.

Mission

TO PROVIDE FOR SOCIAL AND RECREATIONAL USES OF THE ALUMNI, AND THE HOUSING OF ACTIVE MEMBERS OF THETA CHI FRATERNITY, PARTICULARY OF DELTA RHO CHAPTER, AND FOR THE DISTRIBUTION TO APPROVED CHARITIES AND BENEVOLENCES IN THE NAME OF THETA CHI FRATERNITY; TO HOLD TITLE TO, RENT, LEASE, CONVEY, IMPROVE, OR OTHERWISE DEAL IN REAL PROPERTY IN FURTHERANCE FOR THE PURPOSE SET FORTH ABOVE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,320
Program Service Revenue $290,000
Investment Income $298
Other Revenue $0
TOTAL REVENUE $295,618

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $247,463
TOTAL EXPENSES $247,463

Year-over-Year Comparison

2024 2023 Change
Revenue $295,618 $262,462 +0.1%
Expenses $247,463 $216,229 +0.1%
Net Income $48,155 $46,233 +0.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
10
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
4
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GARRETT UMSTEAD MEMBER AT LARGE 0.00
Director
$0 $0 $0
SEAN K LLOYD MEMBER AT LARGE 2.00
Director
$0 $0 $0
TRAVIS CLAY MEMBER AT LARGE 2.00
Director
$0 $0 $0
JOHN WENDEL MEMBER-AT-LARGE 2.00
Director
$0 $0 $0
GRANT GOODWIN MEMBER AT LARGE 2.00
Director
$0 $0 $0
STEVE WEAVER MEMBER AT LARGE 2.00
Director
$0 $0 $0
CHARLIE TOWNSEND President 2.00
Officer
$0 $0 $0
ROBERT KIM FISHER Vice President 2.00
Officer
$0 $0 $0
CHAD HUNTER Treasurer 2.00
Officer
$0 $0 $0
BUDDY WEAVER Secretary 2.00
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 $295,618 $247,463 $723,589 $48,155
2024 No data No data No data No data
2023 $36,001 $12,771 $648,343 $23,230
2022 $4,725 $29,155 $638,218 $-24,430
2021 $-108,904 $6,361 $666,093 $-115,265
2020 $40,102 No data $794,166 No data
2019 $78,727 No data $743,663 No data
2018 $19,927 $3,584 $716,556 $16,343
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