ALPHA SIGMA PHI FOUNDATION INC

EIN: 141908351 501(c)(3) Education

CARMEL, IN

Total Revenue
$1,646,737
Total Expenses
$1,221,559
Total Assets
$15,585,920
Net Assets
$15,515,217
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1945
Legal Domicile
IN
Principal Officer
GORDON F HEMINGER
Phone
3178431911
Tax Period
2023-07-01 to 2024-06-30

ALPHA SIGMA PHI FOUNDATION INC, founded in 1945, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $425K, a strong 26% operating margin.

Mission

THE FOUNDATION'S MISSION IS TO PROMOTE EDUCATION AND LEADERSHIP WITHIN ALPHA SIGMA PHI FRATERNITY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,047,192
Program Service Revenue $0
Investment Income $524,159
Other Revenue $75,386
TOTAL REVENUE $1,646,737

Expense Breakdown

Grants Paid $300,000
Salaries & Benefits $0
Fundraising Expenses $292,259
Program Expenses $440,274
Other Expenses $921,559
TOTAL EXPENSES $1,221,559

Year-over-Year Comparison

2023 2022 Change
Revenue $1,646,737 $1,097,124 +0.5%
Expenses $1,221,559 $1,401,863 -0.1%
Net Income $425,178 $-304,739 -2.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
100

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
5
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN GARVEY IMMEDIATE PAST CHAIR 1.00
Director
$0 $0 $0
KIP ROBERTS CHAIRMAN 1.00
Officer Director
$0 $0 $0
RODNEY RUSK CHAIRMAN-ELECT 1.00
Officer Director
$0 $0 $0
JIM MCMAHON FOUNDATION DIRECTOR 1.00
Director
$0 $0 $0
BERNIE SCHULZ SECRETARY 1.00
Officer Director
$0 $0 $0
BILL WHITE FOUNDATION DIRECTOR 1.00
Director
$0 $0 $0
COLIN CUNNINGHAM FOUNDATION DIRECTOR 1.00
Director
$0 $0 $0
BRYAN WILSON FOUNDATION DIRECTOR 1.00
Director
$0 $0 $0
DON BLEVINS FOUNDATION DIRECTOR 1.00
Director
$0 $0 $0
JOHN CHANEY FOUNDATION DIRECTOR 1.00
Director
$0 $0 $0
MARK STILL FOUNDATION DIRECTOR 1.00
Director
$0 $0 $0
JAKE GAMBLE FOUNDATION DIRECTOR 1.00
Director
$0 $0 $0
SCOTT BRUMBURGH TREASURER 1.00
Officer Director
$0 $0 $0
ROBERT BLAISDELL FOUNDATION DIRECTOR 1.00
Director
$0 $0 $0
SAM LOCKE FOUNDATION DIRECTOR 1.00
Director
$0 $0 $0
GORDON F HEMINGER PRESIDENT & CEO 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 No data No data No data No data
2024 $1,646,737 $1,221,559 $15,585,920 $425,178
2023 $1,097,124 $1,401,863 $14,225,384 $-304,739
2022 $1,601,180 $1,056,373 $13,482,471 $544,807
2021 $1,283,397 $1,120,183 $15,473,331 $163,214
2020 $1,814,080 $1,220,569 $12,800,147 $593,511
2019 $1,739,367 $1,440,335 $12,529,348 $299,032
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