Theta Building Association (EIN 832541113) - 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

1933

Legal Domicile

Principal Officer

Greg Petrowski

Phone

8142342642

Tax Period

2024-07-01 to 2025-06-30

Theta Building Association, founded in 1933, is a small nonprofit that reported $367K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $314K left a modest 15% surplus.

Mission

Provide housing to members of Theta Chapter of Sigma Pi 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 $367,392

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $367,392

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,100

Other Expenses $311,411

TOTAL EXPENSES $313,511

Year-over-Year Comparison

	2024	2023	Change
Revenue	$367,392	$318,960	+0.2%
Expenses	$313,511	$289,808	+0.1%
Net Income	$53,881	$29,152	+0.8%

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
Thomas Kellagher	President	10.00	Officer Director	$0	$0	$0
Lee Connolly	Alumni Relations	5.00	Director	$0	$0	$0
Phillip Simmons	Herald	5.00	Director	$0	$0	$0
Thomas Wittig	Vice-President	N/A		$0	$0	$0
Greg Petrowski	Treasurer	10.00	Officer Director	$0	$0	$0
William Popovich	Secretary	5.00	Officer Director	$0	$0	$0
Shane Bockrath	Theta Chapter President	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	$367,392	$313,511	$1,197,675	$53,881
2024	$318,960	$289,808	$1,198,136	$29,152
2023	$341,524	$309,461	$1,345,354	$32,063
2022	$285,611	$256,212	$1,299,662	$29,399
2021	$267,475	$223,053	$1,285,203	$44,422
2020	$169,760	$214,493	$1,217,460	$-44,733
2019	$270,801	$271,550	$1,358,309	$-749

Theta Building Association