PENNSYLVANIA LAMBDA CORPORATION OF THE PHI KAPPA PSI FRATERNITY (EIN 251370973) - 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

1912

Legal Domicile

Principal Officer

MIKE CONLEY

Phone

8142388474

Tax Period

2024-06-01 to 2025-05-31

PENNSYLVANIA LAMBDA CORPORATION OF THE PHI KAPPA PSI FRATERNITY, founded in 1912, is a micro nonprofit that reported $80K in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $143K exceeded revenue, resulting in a 80% operating deficit.

Mission

TO HOLD TITLE TO PROPERTY WHICH IS USED BY THE PENN STATE CHAPTER OF THE PHI KAPPA PSI FRATERNITY.

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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 $300

Program Service Revenue $76,200

Investment Income $3,052

Other Revenue $0

TOTAL REVENUE $79,552

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $143,014

TOTAL EXPENSES $143,014

Year-over-Year Comparison

	2024	2023	Change
Revenue	$79,552	$114,402	-0.3%
Expenses	$143,014	$104,416	+0.4%
Net Income	$-63,462	$9,986	-7.4%

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
MIKE CONLEY	PRESIDENT AS OF MAY 2025	2.00	Officer Director	$0	$0	$0
FRANK PUGLIESE	VICE PRESIDENT AS OF MAY 2025	4.00	Officer Director	$0	$0	$0
MARK MICHELOTTI	SECRETARY	2.00	Officer Director	$0	$0	$0
HOWARD WELSH	TREASURER AS OF APRIL 2024	5.00	Officer Director	$0	$0	$0
MIKE SMOYER	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM SOMMER	BOARD MEMBER	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	$79,552	$143,014	$606,070	$-63,462
2024	$114,402	$104,416	$682,945	$9,986
2023	$90,014	$88,365	$668,473	$1,649
2022	$115,012	$100,023	$678,519	$14,989
2021	$65,031	$84,189	$686,566	$-19,158
2020	$15,263	No data	$695,631	No data
2019	$7,884	No data	$680,368	No data
2018	$-15,524	No data	$672,484	No data

PENNSYLVANIA LAMBDA CORPORATION OF THE PHI KAPPA PSI FRATERNITY