THE OMEGA CLUB INC

EIN: 630590573 Education

AUBURN, AL

Total Revenue
$302,257
Total Expenses
$100,361
Total Assets
$4,276,908
Net Assets
$3,465,899
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1919
Principal Officer
WILLIAM H LEE
Phone
7708150485
Tax Period
2024-09-01 to 2025-08-31

THE OMEGA CLUB INC, founded in 1919, is a small nonprofit in the Education sector that reported $187K in total revenue in fiscal year 2022. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $89K, a strong 48% operating margin.

Mission

THE OMEGA CLUB INC WAS ORGANIZED IN 1919 UNDER THE LAWS OF THE STATE OF ALABAMA. THE PURPOSE OF THE ORGANIZATION IS TO PROMOTE THE SOCIAL, RECREATIONAL, FRATERNAL, & EDUCATIONAL INTERESTS OF ITS MEMBERS WHO ARE ALUMNI OF LAMBDA CHI ALPHA'S CHAPTER ASSOCIATED WITH AUBURN UNIVERSITY LOCATED IN AUBURN ALABAMA. IN RECENT DECADES THE OMEGA CLUB INC PURCHASED LAND & BUILT A MULTIPURPOSE BUILDING FOR MEMBERS OF THE CHAPTER TO MEET AND TO HOUSE SOME OF THOSE MEMBERS AS THEY MATRICULATED IN THEIR UNDERGRADUATE STUDIES AT AUBURN. TO FINANCE THE COSTS OF LAND & CONSTRUCTION OF THE BUILDING, THE OMEGA CLUB INC MORTGAGED THE PROPERTY TO COVER A MAJORITY OF THOSE COSTS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $270,646
Investment Income $31,611
Other Revenue $0
TOTAL REVENUE $302,257

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $95,331
Other Expenses $100,361
TOTAL EXPENSES $100,361

Year-over-Year Comparison

2024 2023 Change
Revenue $302,257 $216,482 +0.4%
Expenses $100,361 $95,746 +0.0%
Net Income $201,896 $120,736 +0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
12
Independent Members
12
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
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC HANDLER DIRECTOR N/A
Director
$0 $0 $0
WILEY HICKS DIRECTOR N/A
Director
$0 $0 $0
GEORGE KASSIS DIRECTOR N/A
Director
$0 $0 $0
COLTON MCKINNEY DIRECTOR N/A
Director
$0 $0 $0
ROY PARKER DIRECTOR N/A
Director
$0 $0 $0
JIM SMITH DIRECTOR N/A
Director
$0 $0 $0
MIKE WAYMAN DIRECTOR N/A
Director
$0 $0 $0
DREW YANTIS DIRECTOR N/A
Director
$0 $0 $0
BARRY ALLPHIN VICE PRESIDE N/A
Officer
$0 $0 $0
WILLIAM H LEE TREASURER N/A
Officer
$0 $0 $0
BILL MATHEWS PRESIDENT N/A
Officer
$0 $0 $0
CHESTER MCKINNEY SECRETARY N/A
Officer
$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 $302,257 $100,361 $4,276,908 $201,896
2024 $216,482 $95,746 $4,176,089 $120,736
2023 $187,062 $97,571 $4,144,593 $89,491
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