Theta Lambda Alumni Association Inc (EIN 742954558) - 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

2001

Legal Domicile

Principal Officer

Matthew Franek

Phone

7137029592

Tax Period

2023-01-01 to 2023-12-31

Theta Lambda Alumni Association Inc, founded in 2001, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $211K in total revenue in fiscal year 2023. Revenue surged 79% from the prior year, signaling strong growth momentum. Expenses of $328K exceeded revenue, resulting in a 56% operating deficit.

Mission

To support the undergraduate chapter of Kappa Sigma Fraternity at Texas State University.

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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 $270,104

Program Service Revenue $0

Investment Income $0

Other Revenue $-59,560

TOTAL REVENUE $210,544

Expense Breakdown

Grants Paid $305,000

Salaries & Benefits $0

Fundraising Expenses $13,044

Program Expenses $305,850

Other Expenses $23,498

TOTAL EXPENSES $328,498

Year-over-Year Comparison

	2023	2022	Change
Revenue	$210,544	$117,903	+0.8%
Expenses	$328,498	$29,817	+10.0%
Net Income	$-117,954	$88,086	-2.3%

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

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
Matthew Franek	President	10.00	Officer Director	$0	$0	$0
Gavin Scott	Secretary	10.00	Officer Director	$0	$0	$0
Brendan Burns	Treasurer	10.00	Officer 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
2023	$210,544	$328,498	$5,603	$-117,954
2022	$117,903	$29,817	$123,557	$88,086

Theta Lambda Alumni Association Inc