CHI BOULE FOUNDATION (EIN 851360222) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2020

Legal Domicile

Phone

6154249772

Tax Period

2023-01-01 to 2023-12-31

CHI BOULE FOUNDATION, founded in 2020, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $124K in total revenue in fiscal year 2023. Revenue fell 77% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $62K, a strong 50% operating margin.

Mission

We serve as the fundraising arm of the Chi Member Boul of Sigma Pi Phi Fraternity. The foundation serves as a vehicle for Archons and other prospective donors to make tax-deductible contributions to support efforts to provide scholarships and educational opportunities for young African-American students within our community. The foundation also supports our member Bouls strategic plan for various other initiatives, such as Financial Literacy, Economic Empowerment, Civic Engagement, and Social Justice.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $152,603

Program Service Revenue $0

Investment Income $0

Other Revenue $-28,684

TOTAL REVENUE $123,919

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $6,250

Program Expenses $54,585

Other Expenses $62,113

TOTAL EXPENSES $62,113

Year-over-Year Comparison

	2023	2022	Change
Revenue	$123,919	$532,737	-0.8%
Expenses	$62,113	$108,802	-0.4%
Net Income	$61,806	$423,935	-0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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 CARTER SR	Chairman	5.00	Officer Director	$0	$0	$0
TURNER NASHE	CHAIRMAN ELECT	1.00	Director	$0	$0	$0
ALFONZO ALEXANDER	Director	1.00	Director	$0	$0	$0
ED LITTLEJOHN	Secretary	1.00	Officer Director	$0	$0	$0
EDDIE HAMILTON	Director	1.00	Director	$0	$0	$0
VALERIE MOLETTE	Treasurer	1.00	Officer Director	$0	$0	$0
GAIL WILLIAMS	Director	1.00	Director	$0	$0	$0
CHARLES STORY	Director	1.00	Director	$0	$0	$0
SL LAMPKIN	Director	1.00	Director	$0	$0	$0
MELVIN MALONE	Director	1.00	Director	$0	$0	$0
RONALD ROBERTS	Director	1.00	Director	$0	$0	$0
BRYAN FISHER	Director	1.00	Director	$0	$0	$0
PATRICK JOHNSON	Director	1.00	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
2023	$123,919	$62,113	$502,797	$61,806
2022	$532,737	$108,802	$440,991	$423,935

CHI BOULE FOUNDATION