PHI KAPPA THETA FRATERNITY INC

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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

1959

Legal Domicile

Principal Officer

DANIEL ARMAND BUREAU

Phone

3178729934

Tax Period

2024-06-01 to 2025-05-31

PHI KAPPA THETA FRATERNITY INC, founded in 1959, is a small nonprofit that reported $875K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $760K left a modest 13% surplus.

Mission

PHI KAPPA THETA ACTIVELY DEVELOPS MEN TO BE EFFECTIVE LEADERS WHO PASSIONATELY SERVE SOCIETY, FRATERNITY AND GOD.

Program Service Accomplishments

Program 1

GENERAL MANAGEMENT AND EDUCATIONAL EXPENSES FOR CHAPTERS, EXPANSION GROUPS AND THOSE EXPENDITURES RELATING TO THE ADMINISTRATION AND EDUCATION OF ITS MEMBERS.

Program 2

SPONSOR REGIONAL LEADERSHIP CONFERENCES AND CONVENTIONS.

Program 3

PROVIDE LIABILITY AND PROPERTY INSURANCE COVERAGE TO CHAPTERS AND 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 $119,258

Program Service Revenue $750,455

Investment Income $14

Other Revenue $5,712

TOTAL REVENUE $875,439

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $759,728

TOTAL EXPENSES $759,728

Year-over-Year Comparison

	2024	2023	Change
Revenue	$875,439	$798,615	+0.1%
Expenses	$759,728	$765,733	0.0%
Net Income	$115,711	$32,882	+2.5%

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

Employees

N/A

Volunteers

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
DAN BUREAU	PRESIDENT	2.00	Officer Director	$0	$0	$0
WADE HENDERSON	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
SETH WARE	SECRETARY	2.00	Officer Director	$0	$0	$0
RAYMOND WU	TREASURER	2.00	Officer Director	$0	$0	$0
RALPH WASOW	UGAC CHAIR	2.00	Director	$0	$0	$0
ALEX LAITENEN	UGAC VICE CHAIR	2.00	Director	$0	$0	$0
JOHN SWAIM	UGAC VICE CHAIR	2.00	Director	$0	$0	$0
DANEL AHERN	TRUSTEE	2.00	Director	$0	$0	$0
BENJAMIN DELOST	TRUSTEE	2.00	Director	$0	$0	$0
DOUG DILLING	TRUSTEE	2.00	Director	$0	$0	$0
MANUEL GONZALEZ	TRUSTEE	2.00	Director	$0	$0	$0
MATT RUNKLE	TRUSTEE	2.00	Director	$0	$0	$0
PATRICK MCGOVERN	EXECUTIVE DIRECTOR	10.00	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	No data	No data	No data	No data
2025	$875,439	$759,728	$366,328	$115,711
2024	$798,615	$765,733	$566,861	$32,882
2022	$770,851	$937,558	$240,852	$-166,707
2021	$614,964	$551,175	$411,197	$63,789
2020	$826,404	$878,967	$366,532	$-52,563
2019	$989,656	$1,076,157	$387,519	$-86,501