ZETA BETA TAU FOUNDATION INC

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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

1950

Legal Domicile

Principal Officer

JOHN STEMEN

Phone

3173341898

Tax Period

2024-01-01 to 2024-12-31

ZETA BETA TAU FOUNDATION INC, founded in 1950, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. Expenses of $2.1M exceeded revenue, resulting in a 75% operating deficit.

Mission

THE ZETA BETA TAU FOUNDATION IS A NONPROFIT CORPORATION EXCLUSIVELY COMMITTED TO EDUCATIONAL AND CHARITABLE PURPOSES THAT ASSIST THE COLLEGIATE AND ALUMNI BROTHERS OF ZETA BETA TAU FRATERNITY. THE FOUNDATION ASSISTS THE COLLEGIATE AND ALUMNI BROTHERS OF ZETA BETA TAU FRATERNITY BY FUNDING SCHOLARSHIPS AND ACADEMIC AND LEADERSHIP PROGRAMS TO MAXIMIZE THEIR PERSONAL DEVELOPMENT AND PREPARE THEM TO BE LEADERS OF SOCIETY. THE SCHOLARSHIPS AND ACADEMIC AND LEADERSHIP PROGRAMS FUNDED BY THE FOUNDATION ENHANCE THE OVERALL VALUE OF BROTHERHOOD IN ZETA BETA TAU FRATERNITY BY COMPLEMENTING THE COLLEGIATE EDUCATIONAL EXPERIENCE.

Program Service Accomplishments

Program 1

Expenses: $301,274

TO PROVIDE ACADEMIC SCHOLARSHIPS TO UNDERGRADUATE AND GRADUATE STUDENTS WHO ALMOST WITHOUT EXCEPTION ARE BROTHERS OF ZETA BETA TAU FRATERNITY. SCHOLARSHIPS ARE GRANTED BASED ON A FORMULA OF NEED...

TO PROVIDE ACADEMIC SCHOLARSHIPS TO UNDERGRADUATE AND GRADUATE STUDENTS WHO ALMOST WITHOUT EXCEPTION ARE BROTHERS OF ZETA BETA TAU FRATERNITY. SCHOLARSHIPS ARE GRANTED BASED ON A FORMULA OF NEED, SCHOLARSHIP, COMMUNITY, CAMPUS AND CHAPTER ACTIVITY.

Program 2

Expenses: $925,150

LEADERSHIP GRANTS AND PROGRAMS - TO PROVIDE FUNDING FOR LEADERSHIP PROGRAMS WHICH BRING TOGETHER UNDERGRADUATES FROM ACROSS THE UNITED STATES IN ORDER TO ATTEND PANELS, SEMINARS, BREAK-OUTS AND OTHER EVENTS ON TOPICS SUCH AS GENERAL LEADERSHIP, GROUP DYNAMICS, CRISIS AND RISK MANAGEMENT, MENTAL HEALTH, EVENT PLANNING, BUDGETING AND FINANCES, COMMUNICATION SKILLS AND ALCOHOL AND DRUG ABUSE.

Program 3

Expenses: $33,655

HATE PREVENTION GRANTS AND PROGRAMS - TO PROVIDE FUNDING FOR ANTI-HATE PROGRAMS WHICH BRING TOGETHER UNDERGRADUATES IN ORDER TO ATTEND PANELS, SEMINARS, BREAK-OUTS AND OTHER EVENTS ON TOPICS SUCH AS...

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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 $457,699

Program Service Revenue $0

Investment Income $716,617

Other Revenue $44,918

TOTAL REVENUE $1,219,234

Expense Breakdown

Grants Paid $743,645

Salaries & Benefits $835,066

Fundraising Expenses $439,233

Program Expenses $1,260,079

Other Expenses $559,329

TOTAL EXPENSES $2,138,040

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,219,234	$825,729	+0.5%
Expenses	$2,138,040	$2,092,394	+0.0%
Net Income	$-918,806	$-1,266,665	-0.3%

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

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

$162,589

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN D STEMEN ESQ	CHIEF EXECUTIVE OFFICER	40.00	Officer	$152,631	$9,958	$162,589
SAMUEL LOCKE	CHIEF DEVELOPMENT OFFICER	40.00	Highest	$142,732	$6,202	$148,934
BETH ASHER	CHIEF OPERATING OFFICER	40.00	Highest	$122,123	$16,584	$138,707
AKIBA COVITZ	EXEC DIRECTOR INTOLERANCE PROGRAM	40.00	Highest	$110,962	$0	$110,962
STEVEN D FELDMAN	DIRECTOR	1.00	Director	$0	$0	$0
YOAAV S KRAUTHAMMER	DIRECTOR	1.00	Director	$0	$0	$0
SIDNEY LANDMAN	DIRECTOR	1.00	Director	$0	$0	$0
ADRIAN J OBLETON	DIRECTOR	1.00	Director	$0	$0	$0
RONALD A PARDO	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW J RUBINS	DIRECTOR	1.00	Director	$0	$0	$0
TODD D SMITH	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN D STINE	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN E GOLD	IMMEDIATE PAST PRESIDENT	1.00	Director	$0	$0	$0
BRET W HRBEK	PRESIDENT	1.00	Officer Director	$0	$0	$0
DEVON M SCHAD	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
E MARK FISHMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
BRETT A LEONE	TREASURER	1.00	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
2024	$1,219,234	$2,138,040	$12,438,619	$-918,806
2023	$825,729	$2,092,394	$13,012,974	$-1,266,665
2022	$798,127	$1,635,172	$13,020,785	$-837,045
2021	$3,364,807	$1,367,419	$15,297,139	$1,997,388
2020	$1,719,568	$1,128,011	$13,899,171	$591,557
2019	$3,083,503	$1,061,010	$12,154,868	$2,022,493