Iowa State Triangle Fraternity Alumni and Housing Corporation

Nonprofit profile at a glance

EIN
922740898
IRS 990 coverage
2023–2024
Forms available
Form 990 2024
Location
Ames, IA, USA
Phone
6784140430
Rating confidence
Limited

Official website

Reported finances

Revenue
$416,261
Expenses
$635,800
Assets
$4,335,579
Liabilities
$14,900

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • DAVID SCHWICKERATH (BOARD CHAIR/PRESIDENT)
  • TROY VAN CASTER (VICE PRESIDENT)

People named in this filing

  • DAVID SCHWICKERATH (BOARD CHAIR/PRESIDENT)
  • TROY VAN CASTER (VICE PRESIDENT)
  • DAVID HOYTE (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To maintain a fraternity of engineers, architects, scientists, and other science technical engineering and math (stem) members.

What it reported doing in 2024

To operate as a collegiate fraternity at the Iowa state university campus. As part of its purpose the fraternity establishes the following programs: academics - support the pursuit of stem college degrees from Iowa state university.chapter management - development of the life and business skills through the operations and management of the chapter (financial managements, facilities management, organizational manaement)philanthropy - leadership of and participation in events and programs to raise money for and support charitable organizations professional leadership development - training, speakers series and experiential leadership development.university involvement - participation and leadership in campus organizations, particularly stem related organizations.

Operating model

Revenue model
Earned-program. 80% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 92
  • Accountability: 70
  • Sustainability: 41
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -52.7%; rating input score 5; 5th percentile among comparable filings
  • Total-asset coverage ratio: 6.82; rating input score 84; 84th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 52; 52nd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 18.6% per year; rating input score 100; 86th percentile among comparable filings
  • Asset growth: -12.9% per year; rating input score 0; 5th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 9 of 9 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 12 of 12 current checks pass
  • Schedules: 3 filed schedules · includes major donors
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 4 of 6 not reported.
  • High — Sustainability: Operating margin scored 5/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Liabilities to assets ratio scored 52/100.