Kappa Omicron Chapter of Theta Chi

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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

2021

Legal Domicile

Principal Officer

Austin Statham

Phone

6157721237

Tax Period

2024-01-01 to 2024-12-31

Kappa Omicron Chapter of Theta Chi, founded in 2021, is a small nonprofit that reported $265K in total revenue in fiscal year 2024. Expenses of $253K left a modest 5% surplus.

Mission

To benefit and assist its members by creating closer bonds of brotherhood, promoting the ideal of Truth, Temperance, and Tolerance, and the extension of an Assisting Hand.

Program Service Accomplishments

Program 1

Activities to promote brotherhood, Truth, Temperance, and Tolerance in support of the Chapter's 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $234,150

Investment Income $0

Other Revenue $30,651

TOTAL REVENUE $264,801

Expense Breakdown

Grants Paid $2,300

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $250,323

TOTAL EXPENSES $252,623

Year-over-Year Comparison

	2024	2023	Change
Revenue	$264,801	N/A	N/A
Expenses	$252,623	N/A	N/A
Net Income	$12,178	N/A	N/A

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
Austin Statham	President	3.00	Officer	$0	$0	$0
Alexandros Delpierre	Vice President	3.00	Officer	$0	$0	$0
Luke McCrossin	Vice President	3.00	Officer	$0	$0	$0
Ryan Craighead	Secretary	3.00	Officer	$0	$0	$0
Justin Edwards	Treasurer	3.00	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
2024	$264,801	$252,623	$100,527	$12,178