KAPPA SIGMA HOUSE CORPORATION (EIN 586036239) - Form 990 Financial Analysis & Trantor Score

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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

1924

Legal Domicile

Principal Officer

CHRIS FINKE

Phone

6789902398

Tax Period

2024-06-01 to 2025-05-31

KAPPA SIGMA HOUSE CORPORATION, founded in 1924, is a small nonprofit in the Mutual Benefit sector that reported $286K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $319K exceeded revenue, resulting in a 11% operating deficit.

Mission

THE ORGANIZATION PROVIDES LIVING SPACE FOR GEORGIA INSTITUTE OF TECHNOLOGY ENGINEERING STUDENTS THAT ARE MEMBERS OF KAPPA SIGMA FRATERNITY

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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 $128,629

Program Service Revenue $156,403

Investment Income $902

Other Revenue $0

TOTAL REVENUE $285,934

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $9,628

Other Expenses $318,633

TOTAL EXPENSES $318,633

Year-over-Year Comparison

	2024	2023	Change
Revenue	$285,934	$400,875	-0.3%
Expenses	$318,633	$311,065	+0.0%
Net Income	$-32,699	$89,810	-1.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID ARCHER	TREASURER	1.00	Officer Director	$0	$0	$0
DERIK DAVIS	MEMBER	1.00	Director	$0	$0	$0
MICHAEL DUDGEON	MEMBER	1.00	Director	$0	$0	$0
CLAY EDWARDS	HOUSE MANAGE	15.00	Officer Director	$0	$0	$0
CHRIS FINKE	PRESIDENT	3.00	Officer Director	$0	$0	$0
JIMMY FORTUNA	SECRETARY	1.00	Officer Director	$0	$0	$0
GEOFF GILL	MEMBER	1.00	Director	$0	$0	$0
BILL GOODHEW	MEMBER	1.00	Director	$0	$0	$0
DON HOUSE	MEMBER	1.00	Director	$0	$0	$0
MARSHALL HUNTER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
FRANK W GILL III	MEMBER	1.00	Director	$0	$0	$0
STEVE MILLSPAUGH	MEMBER	1.00	Director	$0	$0	$0
STEVE NORRIS	MEMBER	1.00	Director	$0	$0	$0
MATT NOURY	MEMBER	1.00	Director	$0	$0	$0
MICHAEL ORNDORFF	MEMBER	1.00	Director	$0	$0	$0
DREW PHILIPPO	MEMBER	1.00	Director	$0	$0	$0
J ALMONT PIERCE	MEMBER	1.00	Director	$0	$0	$0
MICHAEL POUNCEY	MEMBER	1.00	Director	$0	$0	$0
CHARLES SPIGGLE	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	$285,934	$318,633	$2,773,989	$-32,699
2024	$400,875	$311,065	$2,924,265	$89,810
2023	$350,369	$391,562	$2,934,792	$-41,193
2022	$487,414	$384,069	$2,936,605	$103,345
2021	$316,401	$390,375	$2,871,641	$-73,974
2020	$318,899	$322,460	$3,091,176	$-3,561
2019	$325,363	$342,490	$3,055,478	$-17,127

KAPPA SIGMA HOUSE CORPORATION