GAMMA LAMBDA OF PHI MU FRATERNITY HOUSE CORPORATION

EIN: 560884215 Education

CHAPEL HILL, NC

Total Revenue
$1,069,023
Total Expenses
$821,160
Total Assets
$1,429,300
Net Assets
$1,287,375
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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
1965
Legal Domicile
NC
Principal Officer
JEAN SERVICE
Phone
9192109083
Tax Period
2024-07-01 to 2025-06-30

GAMMA LAMBDA OF PHI MU FRATERNITY HOUSE CORPORATION, founded in 1965, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. The organization ran a surplus of $248K, a strong 23% operating margin.

Mission

PROVIDE AFFORDABLE HOUSING TO PHI MU FRATERNITY MEMBERS AT UNC-CHAPEL HILL.

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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 $773
Program Service Revenue $1,065,459
Investment Income $2,791
Other Revenue $0
TOTAL REVENUE $1,069,023

Expense Breakdown

Grants Paid $0
Salaries & Benefits $66,666
Fundraising Expenses $0
Other Expenses $754,494
TOTAL EXPENSES $821,160

Year-over-Year Comparison

2024 2023 Change
Revenue $1,069,023 $1,004,119 +0.1%
Expenses $821,160 $783,872 +0.0%
Net Income $247,863 $220,247 +0.1%
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
7
Independent Members
7
Employees
1
Volunteers
7

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
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEAN SERVICE PRESIDENT 10.00
Officer Director
$0 $0 $0
KATHIE DAVIDSON SECRETARY 3.00
Officer Director
$0 $0 $0
KAREN DIAS TREASURER 10.00
Officer Director
$0 $0 $0
MONICA MCCARTY BOARD MEMBER 3.00
Director
$0 $0 $0
LILY GRACE MCCOLLOUGH BOARD MEMBER 1.00
Director
$0 $0 $0
REID TATUM BOARD MEMBER 1.00
Director
$0 $0 $0
SARAH TURNER BOARD MEMBER 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
2025 $1,069,023 $821,160 $1,429,300 $247,863
2024 $1,004,119 $783,872 $1,219,380 $220,247
2023 $876,350 $741,379 $1,020,660 $134,971
2022 $798,661 $615,165 $903,830 $183,496
2021 $501,281 $545,546 $792,295 $-44,265
2020 $738,855 $679,078 $832,205 $59,777
2019 $598,184 $651,755 $829,735 $-53,571
2018 $652,435 $603,823 $872,478 $48,612
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