FUTURE BUSINESS LEADERS OF AMERICA- PHI BETA LAMBDA INC

EIN: 237157540 501(c)(3)

OWASSO, OK

Total Revenue
$2,075,167
Total Expenses
$1,863,008
Total Assets
$755,334
Net Assets
$569,158
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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
1998
Legal Domicile
CA
Principal Officer
Alyssa Gonzalez
Phone
2026641174
Tax Period
2023-07-01 to 2024-06-30

FUTURE BUSINESS LEADERS OF AMERICA- PHI BETA LAMBDA INC, founded in 1998, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $1.9M left a modest 10% surplus.

Mission

TO PROVIDE AS AN INTEGRAL PART OF THE INSTRUCTIONAL PROGRAM ADDITIONAL OPPORTUNITIES FOR SECONDARY STUDENTS (GRADES7-12) IN BUSINESS AND OR BUSINESS RELATED FIELDS TO DEVELOP VOCATIONAL AND CAREER SUPPORTIVE COMPETENCIES AND TO PROMOTE CIVIC AND PERSONAL RESPONSIBILITIES.

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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 $482,037
Program Service Revenue $1,593,129
Investment Income $1
Other Revenue $0
TOTAL REVENUE $2,075,167

Expense Breakdown

Grants Paid $4,500
Salaries & Benefits $45,964
Fundraising Expenses $0
Program Expenses $1,596,051
Other Expenses $1,812,544
TOTAL EXPENSES $1,863,008

Year-over-Year Comparison

2023 2022 Change
Revenue $2,075,167 $1,782,515 +0.2%
Expenses $1,863,008 $1,713,119 +0.1%
Net Income $212,159 $69,396 +2.1%
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

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Governance

Voting Members
7
Independent Members
7
Employees
8
Volunteers
50

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
7
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFFREY JORDAN VICE CHAIR 2
Officer Director
$0 $0 $0
EDWARD YOUNGBLOOD TREASURER 2
Officer Director
$0 $0 $0
GREGORY FOX CHAIR 2
Officer Director
$0 $0 $0
Alyssa Gonzalez SECRETARY 2
Officer Director
$0 $0 $0
MOLLY ANDERSON STATE ADVISOR 2
Officer Director
$0 $0 $0
PATRICK FROST MEMBER 2
Officer Director
$0 $0 $0
SHELSY HUTCHISON MEMBER 2
Officer 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 $2,075,167 $1,863,008 $755,334 $212,159
2023 $1,782,515 $1,713,119 $742,635 $69,396
2022 $1,400,544 $1,343,263 $648,892 $57,281
2021 $429,998 $470,701 $264,355 $-40,703
2020 $482,349 $666,406 $292,421 $-184,057
2019 $1,213,204 $1,041,097 $846,700 $172,107
2018 $627,419 $791,934 $612,036 $-164,515
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