SIGMA CHI FRATERNITY

EIN: 560812412

RALEIGH, NC

Total Revenue
$194,132
Total Expenses
$192,878
Total Assets
$35,647
Net Assets
$35,647
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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
1943
Legal Domicile
NC
Principal Officer
Nick Glass
Phone
9197876261
Tax Period
2024-09-01 to 2025-08-31

SIGMA CHI FRATERNITY, founded in 1943, is a small nonprofit that reported $194K in total revenue in fiscal year 2024.

Mission

TO PROVIDE HOUSING AND RECREATION FOR FRATERNAL 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $194,129
Investment Income $3
Other Revenue $0
TOTAL REVENUE $194,132

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $160,459
Other Expenses $192,878
TOTAL EXPENSES $192,878

Year-over-Year Comparison

2024 2023 Change
Revenue $194,132 $192,188 +0.0%
Expenses $192,878 $192,074 +0.0%
Net Income $1,254 $114 +10.0%
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

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
N/A
Employees
N/A
Volunteers
10

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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MAC BARRETT PRESIDENT 5
Officer
$0 $0 $0
RJ SHEALY VICE PRESIDENT 5
Officer
$0 $0 $0
DAVID GARFINKLE SECRETARY 5
Officer
$0 $0 $0
LUKE ERIKSEN TREASURER 5
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 $194,132 $192,878 $35,647 $1,254
2024 $192,188 $192,074 $34,393 $114
2023 $187,646 $186,758 $34,279 $888
2022 $140,374 $137,280 $33,391 $3,094
2021 $86,248 $83,463 $30,297 $2,785
2020 $119,354 $99,959 $27,512 $19,395
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