Theta Chi Fraternity Zeta-lambda Alumni
Nonprofit profile at a glance
- EIN
- 251317759
- IRS 990-EZ coverage
- 2020–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2007
- Location
- New Wilmington, PA, USA
- Phone
- 8145581798
- Rating
- 47
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $65,003
- Expenses
- $41,769
- Assets
- $263,910
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
People named in this filing
- Mitchel Henderson (Chairman)
- Joseph Pisano (Vice Chariman)
- Daniel Larson (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-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Zeta Lambda Alumni Corporation (ZLAC) is comprised of alumni from the Zeta Lambda Chapter of Theta Chi Fraternity at Westminster College. ZLAC serves the undergraduate chapter of the fraternity by being the landlord of the Chapter House. In addition to providing facility maintenance, ZLAC mentors and advises the undergraduate members by connecting them with alumni who can assist with career development. Lastly, ZLAC helps its alumni reconnect by sponsoring events that foster the feeling of brotherhood long after the members graduate from the college.
What it reported doing in 2024
Provided housing and social programs for the local social fraternity members (~25 members for the year)
Operating model
- Revenue model
- Membership-supported. 68% of the money available for current operations came from membership dues.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 100
- Sustainability: 80
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 35.7%; rating input score 85; 85th percentile among comparable filings
- Total-asset coverage ratio: 6.32; rating input score 87; 87th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 3.7% per year; rating input score 100; 67th percentile among comparable filings
- Asset growth: 3.7% per year; rating input score 100; 53rd percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 4 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- 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 — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.