PHI SIGMA KAPPA ASSOCIATION OF STA… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1903

Legal Domicile

Principal Officer

BENJAMIN T JARMUL

Phone

4129566075

Tax Period

2023-10-01 to 2024-09-30

PHI SIGMA KAPPA ASSOCIATION OF STATE COLLEGE, founded in 1903, is a small nonprofit that reported $504K in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $432K left a modest 14% surplus.

Mission

THE FRATERNITY PROVIDES A PLACE FOR YOUNG MEN TO LEARN AND GROW IN AREAS NOT PROVIDED IN THE CLASSROOM. CONTINUED ON SCHEDULE O.IN LIVING AND WORKING TOGETHER THEY MUST LEARN TO WORK AS A TEAM, ACCEPT WORK ASSIGNMENTS, FILL LEADERSHIP POSITIONS, INTERACT WITH THE COMMUNITY AT LARGE AND ACCEPT THE DIFFERENCES WITHIN THE GROUP. THE FRATERNITY AS PART OF THE COLLEGIATE GREEK SYSTEM CHALLENGES STUDENTS IN A WAY NOT FOUND IN OTHER ASPECTS OF COLLEGE LIFE. THE GOAL IS TO PRODUCE RESPONSIBLE YOUNG MEN TO TAKE MAJOR ROLES ON CAMPUS AND IN TODAY'S SOCIETY. THE STUDENTS ARE RUNNING A BUSINESS AS WELL AS A SOCIAL ORGANIZATION WITH SIGNIFICANT RESPONSIBILITIES.

Program Service Accomplishments

Program 1

HOUSING CORPORATION FOR AN UNDERGRADUATE FRATERNITY HOUSE. ALL ACTIVITIES RELATE TO PAYING OF BILLS FOR THIS PURPOSE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $62,054

Program Service Revenue $442,237

Investment Income $0

Other Revenue $0

TOTAL REVENUE $504,291

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $431,711

TOTAL EXPENSES $431,711

Year-over-Year Comparison

	2023	2022	Change
Revenue	$504,291	$383,093	+0.3%
Expenses	$431,711	$259,849	+0.7%
Net Income	$72,580	$123,244	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
MARTIN BARBATO	PRESIDENT	2.50	Officer Director	$0	$0	$0
DAVID HYLAND	VICE PRESIDENT	2.50	Officer Director	$0	$0	$0
BENJAMIN T JARMUL	TREASURER	2.50	Officer Director	$0	$0	$0
JOE MAZZIOTTI	SECRETARY	0.50	Officer Director	$0	$0	$0
BILL ALBERTSON	BOARD MEMBER	0.50	Director	$0	$0	$0
STEPHEN HANDWERK	BOARD MEMBER	0.50	Director	$0	$0	$0
JAMES DURFEE	BOARD MEMBER	0.50	Director	$0	$0	$0
MATT ROSE	BOARD MEMBER	0.50	Director	$0	$0	$0
NICK SANFORD	BOARD MEMBER	0.50	Director	$0	$0	$0
JEFF MCGRAW	BOARD MEMBER (UNTIL AUG 2023)	0.50	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
2024	$504,291	$431,711	$1,005,019	$72,580
2023	$383,093	$259,849	$1,050,278	$123,244
2022	$208,609	$231,247	$967,176	$-22,638
2021	$233,255	$205,079	$1,101,041	$28,176
2020	$230,214	$209,158	$1,179,093	$21,056
2019	$159,599	$223,007	$1,236,288	$-63,408
2018	$302,947	$184,086	$1,399,958	$118,861

PHI SIGMA KAPPA ASSOCIATION OF STATE COLLEGE