KAPPA SIGMA FRATERNITY

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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

1927

Legal Domicile

Principal Officer

Michael Formanek

Phone

9729983213

Tax Period

2024-06-01 to 2025-05-31

KAPPA SIGMA FRATERNITY, founded in 1927, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

THE FRATERNITY IS A LOCAL CHAPTER OF A NATIONAL COLLEGIATE SOCIAL FRATERNITY, FOR WHICH PURPOSE IS TO PROVIDE MEALS, HOUSING, EDUCATION, AND SOCIAL PROGRAMS FOR THE SOCIAL FRATERNITY MEMBERS

Program Service Accomplishments

Program 1

Expenses: $177,494

PROVIDED MEALS TO UNDERGRATDUATE MEMBERS

Program 2

Expenses: $321,712

PROVIDED HOUSING THROUGH RENTAL OF CHAPTER HOUSE FROM SOUTHERN METHODIST UNIVERSITY

Program 3

Expenses: $526,659

PROVIDE SOCIAL ENVIRONMENT FOR MEMBERS

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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 $1,080,456

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,080,456

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,025,865

Other Expenses $1,137,760

TOTAL EXPENSES $1,137,760

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,080,456	$930,955	+0.2%
Expenses	$1,137,760	$940,319	+0.2%
Net Income	$-57,304	$-9,364	+5.1%

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
Michael Formanek	Alumnus Advisor	2	Director	$0	$0	$0
Jace Breeden	President	10	Officer	$0	$0	$0
Henry Maw	Treasurer	10	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	$1,080,456	$1,137,760	$81,595	$-57,304
2024	$930,955	$940,319	$131,252	$-9,364
2023	$962,791	$898,311	$121,141	$64,480
2022	$757,018	$742,532	$56,661	$14,486