ALUMNI BOARD OF ZETA BETA TAU

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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

1942

Legal Domicile

Principal Officer

DAVID NOMBERG

Phone

2057587754

Tax Period

2023-07-01 to 2024-06-30

ALUMNI BOARD OF ZETA BETA TAU, founded in 1942, is a small nonprofit that reported $553K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $493K left a modest 11% surplus.

Mission

PROVIDE HOUSING, & SUPPORT FOR AN UNDERGRADUATE CHAPTER OF A NATIONAL COLLEGIATE SOCIAL FRATERNITY.

Program Service Accomplishments

Program 1

HOUSE OPERATIONS - PROVIDED HOUSING FOR UNDERGRADUATE CHAPTER OF NATIONAL COLLEGIATE SOCIAL FRATERNITY AT THE UNIVERSITY OF ALABAMA. THE PROPERTY IS LOCATED ON LAND OWNED BY THE BOARD OF TRUSTEES OF...

Program 2

CHAPTER ACTIVITIES - PROVIDED THE VEHICLE FOR THE ALUMNI OF THE CHAPTER TO COME TOGETHER TO SUPPORT THE OPERATIONS OF THE UNDERGRADUATE CHAPTER.

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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 (2023)

Revenue Breakdown

Contributions & Grants $204,984

Program Service Revenue $289,400

Investment Income $58,152

Other Revenue $0

TOTAL REVENUE $552,536

Expense Breakdown

Grants Paid $203,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $290,432

TOTAL EXPENSES $493,432

Year-over-Year Comparison

	2023	2022	Change
Revenue	$552,536	$479,438	+0.2%
Expenses	$493,432	$461,022	+0.1%
Net Income	$59,104	$18,416	+2.2%

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
CHARLES COLLAT	VICE PRESIDE	N/A	Officer	$0	$0	$0
LEE ENGEL	TREASURER	3.50	Officer	$0	$0	$0
DAVID NOMBERG	PRESIDENT	7.00	Officer	$0	$0	$0
JAMES I ROTENSTREICH	CHAIRMAN - E	N/A	Officer	$0	$0	$0
BEN WEIL	VICE PRESIDE	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	No data	No data	No data	No data
2024	$552,536	$493,432	$4,724,160	$59,104
2023	$479,438	$461,022	$4,726,894	$18,416
2022	$502,788	$491,908	$4,753,030	$10,880
2021	$833,952	$662,351	$5,108,263	$171,601
2020	$435,212	$385,856	$4,842,685	$49,356
2019	$578,340	$524,651	$4,916,459	$53,689