CHATTANOOGA CHI OMEGA ALUMNAE HOUSE CORPORATION

EIN: 591778634

CHATTANOOGA, TN

Total Revenue
$518,896
Total Expenses
$91,864
Total Assets
$2,374,550
Net Assets
$1,878,367
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1919
Legal Domicile
TN
Principal Officer
JULIE KLOTZ
Phone
4237560052
Tax Period
2023-07-01 to 2024-06-30

CHATTANOOGA CHI OMEGA ALUMNAE HOUSE CORPORATION, founded in 1919, is a small nonprofit that reported $519K in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $427K, a strong 82% operating margin.

Mission

THE HOUSE CORPORATION IS ORGANIZED AND OPERATED FOR THE GENERAL PURPOSE OF PROVIDING A CHAPTER HOUSE FOR THE ACTIVE CHAPTER OF CHI OMEGA FRATERNITY AT THE UNIVERSITY OF TENNESSEE CHATTANOOGA. THE SPECIFIC PURPOSES OF THE HOUSE CORPORATION ARE AS FOLLOWS: (1) TO SERVE AS THE LEGAL ENTITY THAT OWNS THE CHAPTER HOUSE. (2) TO MANAGE, MAINTAIN, PROTECT, AND PRESERVE THE ASSETS. (3) TO HELP CREATE A SAFE AND COMFORTABLE ENVIRONMENT FOR THE MEMBERS OF THE ACTIVE CHAPTER THAT SUPPORTS CHI OMEGA POLICIES AND RULES AND PROVIDES OPPORTUNITIES FOR THE MEMBERS TO GROW IN WAYS THAT ARE CONSISTENT WITH THE VALUES OF CHI OMEGA 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $501,456
Program Service Revenue $0
Investment Income $385
Other Revenue $17,055
TOTAL REVENUE $518,896

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $91,864
TOTAL EXPENSES $91,864

Year-over-Year Comparison

2023 2022 Change
Revenue $518,896 $796,489 -0.3%
Expenses $91,864 $50,750 +0.8%
Net Income $427,032 $745,739 -0.4%
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

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Governance

Voting Members
11
Independent Members
11
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
4
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMY BERCHER PRESIDENT 1.00
Officer Director
$0 $0 $0
JULIE KLOTZ TREASURER 3.00
Officer Director
$0 $0 $0
BETTY ANNE NEAL SECRETARY 1.00
Officer Director
$0 $0 $0
LINDA DYER BOARD MEMBER 1.00
Director
$0 $0 $0
MELISSA WHITE VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
ANNA WILLIAMSON BOARD MEMBER 1.00
Director
$0 $0 $0
NANCY THOMPSON BOARD MEMBER 1.00
Director
$0 $0 $0
JAN RHODES BOARD MEMBER 1.00
Director
$0 $0 $0
VICKI HERRELL BOARD MEMBER 1.00
Director
$0 $0 $0
KATHY ALDAY BOARD MEMBER 1.00
Director
$0 $0 $0
LISA BROWN 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
2024 $518,896 $91,864 $2,374,550 $427,032
2023 $796,489 $50,750 $1,650,719 $745,739
2022 $116,532 $34,083 $705,596 $82,449
2021 $180,089 $26,201 $623,147 $153,888
2020 $133,249 $33,421 $626,759 $99,828
2019 $152,409 $28,873 $526,931 $123,536
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