WOOGLIN FOUNDATION INCORPORATED

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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

1932

Legal Domicile

Principal Officer

CHESTER BROWN

Phone

3362102946

Tax Period

2024-06-01 to 2025-05-31

WOOGLIN FOUNDATION INCORPORATED, founded in 1932, is a small nonprofit in the Housing & Shelter sector that reported $259K in total revenue in fiscal year 2024. Revenue surged 59% from the prior year, signaling strong growth momentum. Expenses of $244K left a modest 6% surplus.

Mission

THE MISSION OF THE ORGANIZATION IS TO PROVIDE HOUSING AND GUIDANCE FOR MEMBERS OF THE BETA THETA PI FRATERNITY IN CHAPEL HILL, NC.

Program Service Accomplishments

Program 1

PROVIDE HOUSING FOR BETA THETA PI FRATERNITY RESIDENTS AND A MEETING AND GATHERING FACILITY FOR ALL FRATERNITY MEMBERS. THERE WERE 93 MEMBERS OF THE FRATERNITY DURING THE 2024/2025 SCHOOL YEAR OF...

PROVIDE HOUSING FOR BETA THETA PI FRATERNITY RESIDENTS AND A MEETING AND GATHERING FACILITY FOR ALL FRATERNITY MEMBERS. THERE WERE 93 MEMBERS OF THE FRATERNITY DURING THE 2024/2025 SCHOOL YEAR OF WHICH 26 WERE LIVING IN HOUSING PROVIDED BY THE ORGANIZATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $258,800

Investment Income $0

Other Revenue $0

TOTAL REVENUE $258,800

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $244,410

Other Expenses $244,410

TOTAL EXPENSES $244,410

Year-over-Year Comparison

	2024	2023	Change
Revenue	$258,800	$162,610	+0.6%
Expenses	$244,410	$160,266	+0.5%
Net Income	$14,390	$2,344	+5.1%

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

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
CHESTER BROWN	PRESIDENT	2.00	Officer Director	$0	$0	$0
GLENN YOUNG	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRIS SNEEDEN	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL WARREN	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	$258,800	$244,410	$1,108,916	$14,390
2024	$162,610	$160,266	$1,094,526	$2,344