FRATERNITY HOUSING CORPORATION (EIN 580193363) - 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

1948

Legal Domicile

Principal Officer

KING V AIKEN JR

Phone

5404631865

Tax Period

2023-07-01 to 2024-06-30

FRATERNITY HOUSING CORPORATION, founded in 1948, is a small nonprofit that reported $286K in total revenue in fiscal year 2018. Revenue fell 30% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $86K, a strong 30% operating margin.

Mission

HOUSING FOR MEMBERS OF KAPPA ALPHA ORDER

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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 $6,718

Program Service Revenue $436,791

Investment Income $61,361

Other Revenue $-245,532

TOTAL REVENUE $259,338

Expense Breakdown

Grants Paid $0

Salaries & Benefits $82,818

Fundraising Expenses $0

Other Expenses $589,419

TOTAL EXPENSES $672,237

Year-over-Year Comparison

	2023	2022	Change
Revenue	$259,338	$941,351	-0.7%
Expenses	$672,237	$732,040	-0.1%
Net Income	$-412,899	$209,311	-3.0%

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

Governance

Voting Members

Independent Members

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

$400,691

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KING V AIKEN JR	CHAIRMAN	0.00	Officer Director	$0	$0	$0
JAMES M SCHMUCK	VICE CHAIRMAN	0.00	Officer Director	$0	$0	$0
DERICK S CLOSE	DIRECTOR	0.00	Director	$0	$0	$0
L BLAIR BAILEY	DIRECTOR	0.00	Director	$0	$0	$0
MALCOLM H LILES	TREASURER	0.00	Director	$0	$0	$0
DAVID T MARTINEAU V	SECRETARY	0.00	Director	$0	$0	$0
ROBERT H WALL	DIRECTOR	0.00	Director	$0	$0	$0
LARRY STANTON WIESE	PRESIDENT	1.00	Officer	$29,500	$23,000	$400,691

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	No data	No data	No data	No data
2024	$259,338	$672,237	$4,915,240	$-412,899
2023	$941,351	$732,040	$4,569,081	$209,311
2022	$1,522,465	$490,222	$5,856,311	$1,032,243
2021	$116,611	$221,467	$5,512,856	$-104,856
2020	$135,833	$225,289	$5,105,273	$-89,456
2019	$286,202	$199,978	$5,139,537	$86,224

FRATERNITY HOUSING CORPORATION