KAPPA ALPHA PSI INC- CHARLOTTE ALU… - Form 990 Financial Data

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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

1944

Legal Domicile

Principal Officer

AVERY WILKERSON

Tax Period

2023-10-01 to 2024-09-30

KAPPA ALPHA PSI INC- CHARLOTTE ALUMNI CHAPTER, founded in 1944, is a small nonprofit in the Education sector that reported $239K in total revenue in fiscal year 2023.

Mission

THE CHARLOTTE (NC) ALUMNI CHAPTER OF KAPPA ALPHA PSI PROMOTES ACHIEVEMENT, LEADERSHIP, AND SERVICE, ADVANCING PERSONAL AND COMMUNITY DEVELOPMENT THROUGH FRATERNAL ENGAGEMENT.

Program Service Accomplishments

Program 1

Expenses: $58,845 Revenue: $73,336

THE CHARLOTTE (NC) ALUMNI CHAPTER HOSTS AN ANNUAL CHRISTMAS GALA, A PREMIER SOCIAL FUNDRAISER THAT RAISED $73,336 AND INCURRED $58,845 IN EXPENSES. A PORTION OF PROCEEDS SUPPORTS COMMUNITY IMPACT...

THE CHARLOTTE (NC) ALUMNI CHAPTER HOSTS AN ANNUAL CHRISTMAS GALA, A PREMIER SOCIAL FUNDRAISER THAT RAISED $73,336 AND INCURRED $58,845 IN EXPENSES. A PORTION OF PROCEEDS SUPPORTS COMMUNITY IMPACT INITIATIVES, INCLUDING MARTIN LUTHER KING JR. DAY PROGRAMMING AND STUDENT WELL-BEING PROGRAMS FOR LOCAL HIGH SCHOOL YOUTH

Program 2

Expenses: $8,454 Revenue: $11,310

THE CHARLOTTE (NC) ALUMNI CHAPTER HOSTED A KENTUCKY DERBY DAY PARTY SOCIAL FUNDRAISER. THIS THEMED EVENT RAISED $11,310 WITH $8,454 IN EXPENSES. PROCEEDS DIRECTLY BENEFITED THE CHAPTERS GUIDE RIGHT...

Program 3

Expenses: $4,585 Revenue: $20,912

THE CHARLOTTE (NC) ALUMNI CHAPTER HOSTED A DAY PARTY SOCIAL FUNDRAISER GENERATING $21,912 IN REVENUE WITH $4,585 IN EXPENSES. DESIGNED TO STRENGTHEN BROTHERHOOD THROUGH RECLAMATION AND RETENTION...

THE CHARLOTTE (NC) ALUMNI CHAPTER HOSTED A DAY PARTY SOCIAL FUNDRAISER GENERATING $21,912 IN REVENUE WITH $4,585 IN EXPENSES. DESIGNED TO STRENGTHEN BROTHERHOOD THROUGH RECLAMATION AND RETENTION, PROCEEDS SUPPORTED A COMMUNITY HEART HEALTH FAIR WHERE MEMBERS VOLUNTEERED SERVICE HOURS PROMOTING WELLNESS AND OUTREACH

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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 $0

Program Service Revenue $233,985

Investment Income $0

Other Revenue $4,881

TOTAL REVENUE $238,866

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $71,884

Other Expenses $253,241

TOTAL EXPENSES $253,241

Year-over-Year Comparison

	2023	2022	Change
Revenue	$238,866	N/A	N/A
Expenses	$253,241	N/A	N/A
Net Income	$-14,375	N/A	N/A

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

315

Independent Members

N/A

Employees

N/A

Volunteers

N/A

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
JASON MITCHELL	TREASURER	10.00	Officer	$0	$0	$0
MARQUES JOHNSON	SECRETARY	10.00	Officer	$0	$0	$0
AVERY WILKERSON	PRESIDENT	20.00	Officer	$0	$0	$0
COREY PATTERSON	1ST VICE PRESIDENT	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
2024	$238,866	$253,241	$86,292	$-14,375

KAPPA ALPHA PSI INC- CHARLOTTE ALUMNI CHAPTER