PHI SIGMA KAPPA ASSOCIATION OF STATE COLLEGE (EIN 256094010) - 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

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

TO PROVIDE A PLACE FOR YOUNG MEN TO LEARN AND GROW IN AREAS NOT PROVIDED IN THE CLASSROOM.

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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 $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

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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
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