Lambda Nu Association Of Phi Gammadelta
Lambda Nu Association Of Phi Gammadelta shows volatile revenue and asset fluctuations, with a significant net loss in 2022.
EIN: 208189502 · Omaha, NE · NTEE: N50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $71K |
| Total Expenses | $23K |
| Program Spending | 80% |
| Net Assets | $101K |
| Transparency Score | 65/100 |
Is Lambda Nu Association Of Phi Gammadelta Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lambda Nu Association Of Phi Gammadelta directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lambda Nu Association Of Phi Gammadelta
Lambda Nu Association Of Phi Gammadelta (EIN: 208189502) is a nonprofit organization based in Omaha, NE, classified under NTEE code N50. The organization reported total revenue of $71K and total assets of $165K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lambda Nu Association Of Phi Gammadelta's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lambda Nu Association Of Phi Gammadelta is a micro nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $65K |
| Total Expenses | $23K |
| Surplus / Deficit | +$42K |
| Total Assets | $101K |
| Net Assets | $101K |
| Operating Margin | 65.0% |
| Months of Reserves | 53.6 months |
Financial Health Grade: A
In 2023, Lambda Nu Association Of Phi Gammadelta reported a surplus of $42K with revenue exceeding expenses, holds 53.6 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Lambda Nu Association Of Phi Gammadelta's revenue has declined at a compound annual growth rate (CAGR) of -6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -1009.7% | -37.9% | -97.7% |
| 2021 | +11650.8% | +8.8% | +2.6% |
| 2020 | -98.8% | -45.1% | -3.9% |
| 2019 | +115.2% | +16.1% | +4.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lambda Nu Association Of Phi Gammadelta with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Lambda Nu Association Of Phi Gammadelta allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $42K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is a strong positive for minimizing administrative costs.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Lambda Nu Association Of Phi Gammadelta's IRS 990 filings:
- Significant negative revenue of -$1,709,245 in 2022
- Dramatic decrease in assets from $2,619,217 in 2021 to $59,165 in 2022
- Highly inconsistent revenue performance year-over-year
- Lack of detailed expense breakdown to assess program efficiency
Strengths
The following positive indicators were identified for Lambda Nu Association Of Phi Gammadelta:
- Consistent 0% officer compensation, indicating low executive overhead
- No reported liabilities in 2022 and 2023, improving balance sheet health
- Positive net revenue in 2023 ($64,663 revenue vs. $22,638 expenses)
- Assets recovered to $101,190 in 2023 after a sharp decline
Frequently Asked Questions about Lambda Nu Association Of Phi Gammadelta
Is Lambda Nu Association Of Phi Gammadelta a legitimate charity?
Based on AI analysis of IRS 990 filings, Lambda Nu Association Of Phi Gammadelta (EIN: 208189502) some concerns. Mission Score: 65/100. 4 red flags identified, 4 strengths noted.
How does Lambda Nu Association Of Phi Gammadelta spend its money?
Lambda Nu Association Of Phi Gammadelta directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lambda Nu Association Of Phi Gammadelta tax-deductible?
Lambda Nu Association Of Phi Gammadelta is registered as a tax-exempt nonprofit (EIN: 208189502). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lambda Nu Association Of Phi Gammadelta's spending goes to programs?
Lambda Nu Association Of Phi Gammadelta directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lambda Nu Association Of Phi Gammadelta compare to similar nonprofits?
With a transparency score of 65/100 (Good), Lambda Nu Association Of Phi Gammadelta is above average for NTEE category N50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lambda Nu Association Of Phi Gammadelta located?
Lambda Nu Association Of Phi Gammadelta is headquartered in Omaha, Nebraska and files with the IRS under EIN 208189502. It is classified under NTEE code N50.
How many years of IRS 990 filings does Lambda Nu Association Of Phi Gammadelta have?
Lambda Nu Association Of Phi Gammadelta has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $71K in total revenue.
What caused the -$1,709,245 revenue in 2022?
The significant negative revenue in 2022 is a critical financial event that requires further investigation into the organization's detailed IRS Form 990 to understand if it was due to asset sales, investment losses, or other extraordinary items.
Why did assets drop from $2.6 million in 2021 to $59,165 in 2022?
The drastic reduction in assets between 2021 and 2022, from $2,619,217 to $59,165, suggests a major divestment or loss of assets, which should be clarified in the organization's financial statements.
What are the primary program activities of this fraternal organization?
Without a detailed program service expense breakdown, it's difficult to ascertain the specific activities and their associated costs for this NTEE N50 fraternal organization.
Is the organization financially stable given the revenue and asset volatility?
The extreme volatility in revenue and assets raises concerns about long-term financial stability, despite the positive net revenue and asset recovery in 2023. A deeper dive into the nature of these fluctuations is needed.
Filing History
IRS 990 filing history for Lambda Nu Association Of Phi Gammadelta showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lambda Nu Association Of Phi Gammadelta's revenue has declined by 53.9%, moving from $140K to $65K. Total assets decreased by 94.4% over the same period, from $1.8M to $101K. Total functional expenses fell by 37.2%, from $36K to $23K. In its most recent filing year (2023), Lambda Nu Association Of Phi Gammadelta reported a surplus of $42K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $65K | $23K | $101K | $0 | — | — |
| 2022 | $-1,709,245 | $47K | $59K | $0 | — | View 990 |
| 2021 | $188K | $75K | $2.6M | $804K | — | — |
| 2020 | $2K | $69K | $2.6M | $856K | — | — |
| 2019 | $129K | $126K | $2.7M | $888K | — | View 990 |
| 2018 | $60K | $109K | $2.5M | $886K | — | View 990 |
| 2017 | $68K | $67K | $2.6M | $932K | — | — |
| 2016 | $180K | $89K | $2.7M | $982K | — | View 990 |
| 2015 | $125K | $84K | $2.6M | $998K | — | View 990 |
| 2014 | $208K | $88K | $2.7M | $1.1M | — | View 990 |
| 2013 | $208K | $88K | $2.6M | $1.1M | — | View 990 |
| 2012 | $539K | $95K | $2.5M | $1.1M | — | View 990 |
| 2011 | $140K | $36K | $1.8M | $849K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $65K, expenses of $23K, and assets of $101K.
- 2022: Revenue of $-1,709,245, expenses of $47K, and assets of $59K (revenue -1009.7% year-over-year).
- 2021: Revenue of $188K, expenses of $75K, and assets of $2.6M (revenue +11650.8% year-over-year).
- 2020: Revenue of $2K, expenses of $69K, and assets of $2.6M (revenue -98.8% year-over-year).
- 2019: Revenue of $129K, expenses of $126K, and assets of $2.7M (revenue +115.2% year-over-year).
- 2018: Revenue of $60K, expenses of $109K, and assets of $2.5M (revenue -11.6% year-over-year).
- 2017: Revenue of $68K, expenses of $67K, and assets of $2.6M (revenue -62.2% year-over-year).
- 2016: Revenue of $180K, expenses of $89K, and assets of $2.7M (revenue +43.9% year-over-year).
- 2015: Revenue of $125K, expenses of $84K, and assets of $2.6M (revenue -40.0% year-over-year).
- 2014: Revenue of $208K, expenses of $88K, and assets of $2.7M (revenue +0.0% year-over-year).
- 2013: Revenue of $208K, expenses of $88K, and assets of $2.6M (revenue -61.3% year-over-year).
- 2012: Revenue of $539K, expenses of $95K, and assets of $2.5M (revenue +284.2% year-over-year).
- 2011: Revenue of $140K, expenses of $36K, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lambda Nu Association Of Phi Gammadelta:
Data Sources and Methodology
This transparency report for Lambda Nu Association Of Phi Gammadelta is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.