Omicron Association 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

1930

Legal Domicile

Principal Officer

David Lapinski

Phone

8148831778

Tax Period

2025-01-01 to 2025-12-31

Omicron Association Inc, founded in 1930, is a small nonprofit that reported $127K in total revenue in fiscal year 2025. Expenses of $155K exceeded revenue, resulting in a 22% operating deficit.

Mission

The organization has two main functions. The first is to act as the owner of a fraternity house located at 408 East Fairmount Avenue in State College PA 16801. The second is to act as an alumni association for members of the Omicron Chapter of the Phi Kappa Tau Fratermity.

Program Service Accomplishments

Program 1

Expenses: $144,694 Revenue: $92,300

The first is to act as the owner and operator of a fraternity house located at 408 East Fairmount Avenue in State College PA 16801. This provides housing and food services for undergraduate members of the Omicron Chapter of the phi Kappa Tau Fraternity who are students at the University Park Campus of the Pennsylvania state University.

Program 2

Expenses: $10,797 Revenue: $29,643

The second is to act as an alumni association for members of the Omicron Chapter of the Phi Kappa Tau 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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $125,481

Investment Income $1,550

Other Revenue $0

TOTAL REVENUE $127,031

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $155,491

Other Expenses $155,491

TOTAL EXPENSES $155,491

Year-over-Year Comparison

	2025	2024	Change
Revenue	$127,031	$122,422	+0.0%
Expenses	$155,491	$120,453	+0.3%
Net Income	$-28,460	$1,969	-15.5%

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

N/A

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
Scott Szathmary	Chairman	5	Officer	$0	$0	$0
Ryan Opherman	Vice Chairman	2	Officer	$0	$0	$0
David Lapinski	Secretary/Treasurer	10	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	$127,031	$155,491	$1,085,014	$-28,460
2024	$122,422	$120,453	$1,081,287	$1,969
2023	$102,430	$90,352	$1,054,131	$12,078
2022	$109,716	$112,620	$1,012,051	$-2,904
2021	$92,206	$98,982	$1,047,913	$-6,776
2020	$86,277	$85,227	$1,002,739	$1,050