PHI SIGMA KAPPA FOUNDATION INC (EIN 236261152) - Form 990 Financial Analysis & Trantor Score

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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

1946

Legal Domicile

Phone

3175735420

Tax Period

2023-07-01 to 2024-06-30

PHI SIGMA KAPPA FOUNDATION INC, founded in 1946, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $361K, a strong 30% operating margin.

Mission

TO PROMOTE EDUCATIONAL, LITERARY, AND CHARITABLE PURPOSE BY PROMOTING SCHOLARSHIPS, STUDENT AID, AND ASSISTANCE TO NEEDY AND DESERVING STUDENTS, THE DEVELOPMENT AND FOSTERING OF THE AIMS AND PURPOSES OF THE EDUCATIONAL WORK OF THE NATIONAL FRATERNITY OF PHI SIGMA KAPPA AND OTHER CHARITABLE PURPOSES AS MAY BE DEEMED FROM TIME TO TIME BY THE FOUNDATION'S TRUSTEES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $968,743

Program Service Revenue $26,952

Investment Income $190,654

Other Revenue $0

TOTAL REVENUE $1,186,349

Expense Breakdown

Grants Paid $374,552

Salaries & Benefits $0

Fundraising Expenses $235,124

Program Expenses $409,552

Other Expenses $450,626

TOTAL EXPENSES $825,178

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,186,349	$918,370	+0.3%
Expenses	$825,178	$608,747	+0.4%
Net Income	$361,171	$309,623	+0.2%

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

$141,848

Total Directors

$141,848

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joseph Kern	EXEC DIR/CO	10.00	Officer Director	$26,849	$0	$141,848
Clay Skurdal	President	10.00	Officer Director	$0	$0	$0
Thomas Grunwald	Vice President	10.00	Officer Director	$0	$0	$0
Mark Cowan	Vice President	10.00	Officer Director	$0	$0	$0
Braden Robert Keeter	Vice President	10.00	Officer Director	$0	$0	$0
Chad E Burney	Secretary	10.00	Officer Director	$0	$0	$0
Matthew Waltz	Treasurer	10.00	Officer Director	$0	$0	$0
Sean Hamilton	Trustee	1.00	Director	$0	$0	$0
Glenn Roby	Trustee	1.00	Director	$0	$0	$0
Harry Hanna	Trustee	1.00	Director	$0	$0	$0
Keith A Clark	Trustee	1.00	Director	$0	$0	$0
Greg Stack	Trustee	1.00	Director	$0	$0	$0
Vern P Hackworth	Trustee	1.00	Director	$0	$0	$0
Adam Gagas	Trustee	1.00	Director	$0	$0	$0
Tom Wright	Trustee	1.00	Director	$0	$0	$0
Darren Azarian	Trustee	1.00	Director	$0	$0	$0
Ryan Tabaka	Trustee	1.00	Director	$0	$0	$0
Walter Clements	Trustee	1.00	Director	$0	$0	$0
Bennett Williams	Trustee	1.00	Director	$0	$0	$0
Gary Kramer	Trustee	1.00	Director	$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	$1,186,349	$825,178	$3,993,297	$361,171
2023	$918,370	$608,747	$3,280,720	$309,623
2022	$1,617,464	$648,859	$2,952,369	$968,605
2021	$750,017	$708,889	$2,194,281	$41,128

PHI SIGMA KAPPA FOUNDATION INC