THETA CHI BUILDING ASSOCIATION (EIN 916034348) - 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

1924

Legal Domicile

Principal Officer

LUCAS NURMI

Phone

5093359008

Tax Period

2023-01-01 to 2023-12-31

THETA CHI BUILDING ASSOCIATION, founded in 1924, is a micro nonprofit that reported $44K in total revenue in fiscal year 2023. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $55K exceeded revenue, resulting in a 26% operating deficit.

Mission

TO PROVIDE A CHAPTER HOUSE FOR UNDERGRADUATE MEMBERS OF THETA CHI FRATERNITY AT WASHINGTON STATE UNIVERSITY.

🔒

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 $0

Program Service Revenue $50,576

Investment Income $0

Other Revenue $-6,888

TOTAL REVENUE $43,688

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $54,911

TOTAL EXPENSES $54,911

Year-over-Year Comparison

	2023	2022	Change
Revenue	$43,688	$81,538	-0.5%
Expenses	$54,911	$71,704	-0.2%
Net Income	$-11,223	$9,834	-2.1%

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
LUCAS NURMI	PRESIDENT	2.00	Officer Director	$0	$0	$0
KYLE LIPE	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
SCOTT MERTENS	OFFICER	1.00	Officer Director	$0	$0	$0
MICHAEL KING	OFFICER	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	No data	No data	No data	No data
2023	$43,688	$54,911	$709,368	$-11,223
2022	$81,538	$71,704	$733,765	$9,834
2021	$79,355	$36,272	$740,562	$43,083
2020	$61,337	$39,404	$713,083	$21,933
2019	$86,796	$58,402	$710,751	$28,394
2018	$84,947	$35,670	$695,493	$49,277

THETA CHI BUILDING ASSOCIATION