PENNSYLVANIA LAMBDA CHAPTER OF PHI… - 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

1912

Legal Domicile

Principal Officer

BRIAN REGALADO

Phone

7179251230

Tax Period

2024-01-01 to 2024-12-31

PENNSYLVANIA LAMBDA CHAPTER OF PHI KAPPA PSI, founded in 1912, is a small nonprofit that reported $534K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $468K left a modest 12% surplus.

Mission

TO OPERATE THE LOCAL CHAPTER OF PHI KAPPA PSI FRATERNITY PENN LAMBDA CHAPTER AT PENN STATE UNIVERSIY, A COLLEGE SOCIAL FRATERNITY. SPECIFICALLY, TO PROMOTE THE SOCIAL, INTELLECTUAL, AND MORAL DEVELOPMENT OF COLLEGE AND UNIVERSITY MEN, BOTH MEMBERS AND PLEDGES OF PHI KAPPA PSI FRATERNITY. TO CONTINUE AMONG GRADUATE MEMBERS THE CLOSE FRIENDSHIP AND LOYALTY INSPIRED AND STABILIZED BY MUTUAL AID AND UNDERSTANDING. TO SUPPORT THE EDUCATION OF MEMBERS AND OUTSTANDING SCHOLARS, TO ASSIST MEMBERS IN TIME OF NEED, AND TO SUPPORT SELECTED HUMANITARIAN ACTIVITIES.

Program Service Accomplishments

Program 1

PROVIDED MEALS, HOUSING AND SOCIAL PROGRAMS FOR THE LOCAL SOCIAL FRATERNITY MEMBERS - TOTAL OF 95 MEMBERS FOR THE YEAR.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $534,247

Investment Income $0

Other Revenue $0

TOTAL REVENUE $534,247

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $468,494

TOTAL EXPENSES $468,494

Year-over-Year Comparison

	2024	2023	Change
Revenue	$534,247	$409,879	+0.3%
Expenses	$468,494	$475,919	0.0%
Net Income	$65,753	$-66,040	-2.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY DAMASCO	PRESIDENT	N/A	Officer	$0	$0	$0
WES ECKERT	COR. SECRETA	N/A	Officer	$0	$0	$0
CHRISTIAN MONACO	VICE PRESIDE	N/A	Officer	$0	$0	$0
BRIAN REGALADO	TREASURER	N/A	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	$534,247	$468,494	$83,670	$65,753
2023	$409,879	$475,919	$17,917	$-66,040
2022	$513,739	$365,813	$211,050	$147,926
2021	$463,656	$455,029	$63,124	$8,627

PENNSYLVANIA LAMBDA CHAPTER OF PHI KAPPA PSI