GAMMA ALPHA EDUCATIONAL FOUNDATION… - 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

1934

Legal Domicile

Principal Officer

SCOTT GRAY

Phone

3108499511

Tax Period

2024-09-01 to 2025-08-31

GAMMA ALPHA EDUCATIONAL FOUNDATION C/O SCOTT GRAY, founded in 1934, is a micro nonprofit in the Education sector that reported $18K in total revenue in fiscal year 2024. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $37K exceeded revenue, resulting in a 103% operating deficit.

Mission

TO PROVIDE COLLEGE SCHOLARSHIPS TO MEMBERS OF THE GAMMA ALPHA CHAPTER OF THE KAPPA SIGMA FRATERNITY.

Program Service Accomplishments

Program 1

Expenses: $37,117

ACCUMULATED FUNDS ARE INVESTED AND USED TO PROVIDE SCHOLARSHIPS TO KAPPA SIGMA FRATERNITY 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 $250

Program Service Revenue $0

Investment Income $18,079

Other Revenue $0

TOTAL REVENUE $18,329

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $37,117

Other Expenses $8,317

TOTAL EXPENSES $37,117

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,329	$39,216	-0.5%
Expenses	$37,117	$34,898	+0.1%
Net Income	$-18,788	$4,318	-5.4%

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

N/A

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
SCOTT GRAY	TREASURER	2.00	Officer	$0	$0	$0
JOHN RUNYAN	VICE PRESIDENT	1.00	Officer	$0	$0	$0
JEFF CHASE	PRESIDENT	1.00	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
2025	$18,329	$37,117	$444,787	$-18,788
2024	$39,216	$34,898	$463,575	$4,318
2023	$62,691	$37,591	$459,257	$25,100
2022	$33,867	$37,843	$434,158	$-3,976
2021	$11,748	$28,091	$438,133	$-16,343
2020	$13,907	$25,577	$454,476	$-11,670

GAMMA ALPHA EDUCATIONAL FOUNDATION C/O SCOTT GRAY