Memphis Alumni Chapter of Kappa Alpha Psi Fraternity Inc (EIN 237279510) - 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

1934

Legal Domicile

Principal Officer

ALEXUS LEWIS

Phone

9016289465

Tax Period

2023-10-01 to 2024-09-30

Memphis Alumni Chapter of Kappa Alpha Psi Fraternity Inc, founded in 1934, is a small nonprofit in the Education sector that reported $212K in total revenue in fiscal year 2023.

Mission

FRATERNAL ORGANIZATION PROMOTING MENTORING PROGRAMS FOR YOUNG MEN AND COMMUNITY SERVICES THROUGH DONATIONS AND OVERALL SUPPORT FOR THE PUBLIC GOOD

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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 $211,891

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $211,891

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $214,674

TOTAL EXPENSES $214,674

Year-over-Year Comparison

	2023	2022	Change
Revenue	$211,891	$213,435	0.0%
Expenses	$214,674	$216,216	0.0%
Net Income	$-2,783	$-2,781	+0.0%

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

150

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
MILTON BONDS JR	POLEMARCH	20.00	Officer	$0	$0	$0
DEREK BRANCH	VICE POLEMARCH	10.00	Officer	$0	$0	$0
VERNON TOWNSEND	KEEPER OF RECORDS	20.00	Officer	$0	$0	$0
ALEXUS LEWIS	KEEPER OF EXCHEQUER	20.00	Officer	$0	$0	$0
JAMES MALONE	DIRECTOR	7.00	Officer	$0	$0	$0
MATT SZALJA	DIRECTOR	7.00	Officer	$0	$0	$0
REGINALD REED	DIRECTOR	7.00	Officer	$0	$0	$0
RASEAN JENKINS	DIRECTOR	7.00	Officer	$0	$0	$0
ANDREW ROSSER	DIRECTOR	7.00	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	$211,891	$214,674	$126,914	$-2,783
2023	$213,435	$216,216	$127,648	$-2,781

Memphis Alumni Chapter of Kappa Alpha Psi Fraternity Inc