PHI KAPPA THETA FRATERNITY RPI UND… - 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

1961

Legal Domicile

Principal Officer

ALEX DIGIAMMO

Phone

5182744152

Tax Period

2024-06-01 to 2025-05-31

PHI KAPPA THETA FRATERNITY RPI UNDERGRADUATE CHAPTER, founded in 1961, is a small nonprofit that reported $270K in total revenue in fiscal year 2024. Revenue surged 158% from the prior year, signaling strong growth momentum. Expenses of $326K exceeded revenue, resulting in a 21% operating deficit.

Mission

DOMESTIC EDUCATIONAL FRATERNITY

Program Service Accomplishments

Program 1

Expenses: $326,407

TO MAINTAIN AND OPERATE FRATERNITY HOUSING. COSTS ASSOCIATED WITH THE MAINTENANCE AND OPERATION OF THE FRATERNITY INCLUDE MAINTENANCE AND UTILITY COSTS, COMMUNICATIONS EQUIPMENT AND SERVICES, GARBAGE REMOVAL AND MISCELLANEOUS SUPPLIES. INCLUDED IN THE COSTS, EACH OCCUPANT OF THE FRATERNITY HOUSE IS PROVIDED WITH SEVENTEEN MEALS PER WEEK DURING THE COLLEGIATE SCHOOL YEAR (SEPTEMBER 1ST TO MAY 15TH). THESE COSTS INCLUDE FOOD PREPARATION, EQUIPMENT, AND MISCELLANEOUS FOOD SERVICES.

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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 $269,678

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $269,678

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $326,407

Other Expenses $326,407

TOTAL EXPENSES $326,407

Year-over-Year Comparison

	2024	2023	Change
Revenue	$269,678	$104,554	+1.6%
Expenses	$326,407	$157,999	+1.1%
Net Income	$-56,729	$-53,445	+0.1%

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

N/A

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
ALEX DIGIAMMO	PRESIDENT	10.00	Officer Director	$0	$0	$0
FINLEY HALOHAN	VP FINANCE	10.00	Officer 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	$269,678	$326,407	$42,124	$-56,729
2024	$104,554	$157,999	$98,853	$-53,445
2023	$195,358	$180,461	$152,298	$14,897
2022	$358,582	$250,125	$137,401	$108,457
2021	$76,440	$89,258	$28,944	$-12,818
2020	$286,984	$262,006	$41,761	$24,978
2019	$358,345	$374,313	$16,783	$-15,968
2018	$355,286	$328,422	$32,751	$26,864

PHI KAPPA THETA FRATERNITY RPI UNDERGRADUATE CHAPTER