KAPPA SIGMA FRATERNITY

EIN: 750370925

DALLAS, TX

Total Revenue
$1,080,456
Total Expenses
$1,137,760
Total Assets
$81,595
Net Assets
$81,595
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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
TX
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

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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%)

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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

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Governance

Voting Members
96
Independent Members
96
Employees
N/A
Volunteers
5

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
2
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
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
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