THETA ALPHA HOUSING CORPORATION

EIN: 931540194 Education

CARMEL, IN

Total Revenue
$207,018
Total Expenses
$88,224
Total Assets
$849,393
Net Assets
$158,340
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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
2023
Legal Domicile
IN
Principal Officer
ROB DAMLER
Phone
3173450927
Tax Period
2024-09-01 to 2025-08-31

THETA ALPHA HOUSING CORPORATION, founded in 2023, is a small nonprofit in the Education sector that reported $207K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $119K, a strong 57% operating margin.

Mission

PROVIDE HOUSING TO THE LOCAL CHAPTER OF A NATIONAL COLLEGIATE SOCIAL 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $206,598
Program Service Revenue $420
Investment Income $0
Other Revenue $0
TOTAL REVENUE $207,018

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $9,250
Other Expenses $78,974
TOTAL EXPENSES $88,224

Year-over-Year Comparison

2024 2023 Change
Revenue $207,018 $252,835 -0.2%
Expenses $88,224 $213,289 -0.6%
Net Income $118,794 $39,546 +2.0%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROB DAMLER PRESIDENT N/A
Officer
$0 $0 $0
RANDOLPH HOLT SECRETARY N/A
Officer
$0 $0 $0
DAVID MCCONAHA TREASURER N/A
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
2025 $207,018 $88,224 $849,393 $118,794
2024 $252,835 $213,289 $39,546 $39,546
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