CHI OF TAU KAPPA EPSILON BUILDING … - 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

1956

Legal Domicile

Principal Officer

WILLIAM SERRES

Phone

2066824840

Tax Period

2023-07-01 to 2024-06-30

CHI OF TAU KAPPA EPSILON BUILDING CORPORATION, founded in 1956, is a small nonprofit in the Recreation & Sports sector that reported $868K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $800K left a modest 8% surplus.

Mission

NONE

Program Service Accomplishments

Program 1

PROVIDE HOUSING, SOCIAL & STUDY FACILITIES FOR UNDERGRADUATE COLLEGE STUDENTS

Program 2

PROVIDE MEAL SERVICE TO UNDERGRADUATE COLLEGE STUDENTS WHO ARE MEMBERS OF THE FRATERNITY

Program 3

PROVIDE ENTERTAINMENT OPPORTUNITIES, EDUCATIONAL EXPERIENCES, LEADERSHIP TRAINING AND RECRUITMENT FOR 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 (2023)

Revenue Breakdown

Contributions & Grants $50,947

Program Service Revenue $817,314

Investment Income $40

Other Revenue $0

TOTAL REVENUE $868,301

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,057

Fundraising Expenses $0

Other Expenses $598,277

TOTAL EXPENSES $800,396

Year-over-Year Comparison

	2023	2022	Change
Revenue	$868,301	$691,480	+0.3%
Expenses	$800,396	$796,840	+0.0%
Net Income	$67,905	$-105,360	-1.6%

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

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

$5,057

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID POWELL	BOARD OF TRUSTEES PRESIDEN	1.00	Officer Director	$0	$0	$0
WILLIAM SERRES	EXECUTIVE BOARD TREASURER	1.00	Officer	$5,057	$0	$5,057

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	$868,301	$800,396	$1,740,245	$67,905
2023	$691,480	$796,840	$1,691,290	$-105,360
2022	$694,733	$740,999	$1,821,323	$-46,266
2021	$740,124	$761,732	$1,890,871	$-21,608
2020	$690,317	$689,249	$1,936,151	$1,068
2019	$720,952	$618,193	$1,721,860	$102,759
2018	$696,494	$803,537	$1,105,745	$-107,043

CHI OF TAU KAPPA EPSILON BUILDING CORPORATION