THETA XI ASSOCIATION INC (EIN 720410898) - 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

1929

Legal Domicile

Principal Officer

JAMES RAGLAND

Phone

2253434129

Tax Period

2024-01-01 to 2024-12-31

THETA XI ASSOCIATION INC, founded in 1929, is a small nonprofit that reported $168K in total revenue in fiscal year 2024. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $188K exceeded revenue, resulting in a 12% operating deficit.

Mission

THE PURPOSE OF THETA XI IS TO PROVIDE A COLLEGE HOME ENVIRONMENT FOR ITS ACTIVE MEMBERS IN WHICH FELLOWSHIP AND ALUMNI GUIDANCE LEAD TO WHOLESOME MENTAL, MORAL, PHYSICAL, AND SPIRITUAL GROWTH.

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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 $167,845

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $167,845

Expense Breakdown

Grants Paid $0

Salaries & Benefits $46,585

Fundraising Expenses $0

Program Expenses $188,218

Other Expenses $141,633

TOTAL EXPENSES $188,218

Year-over-Year Comparison

	2024	2023	Change
Revenue	$167,845	$513,095	-0.7%
Expenses	$188,218	$474,905	-0.6%
Net Income	$-20,373	$38,190	-1.5%

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

N/A

Independent Members

N/A

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
JAMES RAGLAND	PRESIDENT	10.00	Officer	$0	$0	$0
BRYAN G JEANSONNE	CHAPTER ADVISOR	10.00	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
2024	$167,845	$188,218	$36,843	$-20,373
2023	$513,095	$474,905	$57,216	$38,190
2022	$732,020	$750,698	$19,026	$-18,678
2021	$595,019	$662,211	$37,704	$-67,192
2020	$644,162	$609,019	$123,533	$35,143
2019	$529,102	$574,767	$91,903	$-45,665
2018	$704,416	$699,437	$187,569	$4,979

THETA XI ASSOCIATION INC