Texas Tau for Sigma Alpha Epsilon … - Form 990 Financial Data

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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

2000

Legal Domicile

Principal Officer

Juan I Faria

Phone

2243070659

Tax Period

2024-01-01 to 2024-12-31

Texas Tau for Sigma Alpha Epsilon Housing Authority, founded in 2000, is a small nonprofit in the Education sector that reported $245K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $301K exceeded revenue, resulting in a 23% operating deficit.

Mission

TO PROVIDE AFFORDABLE AND FAIR HOUSING TO MEMBERS OF SIGMA ALPHA EPSILON FRATERNITY

Program Service Accomplishments

Program 1

Expenses: $300,880 Revenue: $245,137

Furnishing Maintaining and Renting the lodging for the membership of the Sigma Alpha Epsilon Fraternity

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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 $12,437

Program Service Revenue $230,715

Investment Income $1,908

Other Revenue $77

TOTAL REVENUE $245,137

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $300,880

Other Expenses $300,880

TOTAL EXPENSES $300,880

Year-over-Year Comparison

	2024	2023	Change
Revenue	$245,137	$198,273	+0.2%
Expenses	$300,880	$252,326	+0.2%
Net Income	$-55,743	$-54,053	+0.0%

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
John Slocomb	President	0.50	Officer	$0	$0	$0
Chris Fanning	Chairman	0.50	Officer	$0	$0	$0
Gordon Richardson	Secretary	0.50	Officer	$0	$0	$0
Bryan Davenport	Treasurer	0.50	Officer	$0	$0	$0
Juan Faria	Controller	5.00	Director	$0	$0	$0
Gregory Somers	CEO	5.00	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
2025	No data	No data	No data	No data
2024	$245,137	$300,880	$786,595	$-55,743
2023	$198,273	$252,326	$896,629	$-54,053
2022	$229,254	$205,507	$1,012,061	$23,747
2021	$48,264	$110,077	$976,776	$-61,813
2020	$100,497	$133,325	$410,040	$-32,828
2019	$145,700	$101,073	$449,275	$44,627
2018	$100,100	$108,826	$450,174	$-8,726

Texas Tau for Sigma Alpha Epsilon Housing Authority