PHI SIGMA KAPPA (EIN 300290695) - 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

1954

Legal Domicile

Principal Officer

Paul Marano

Phone

8605959125

Tax Period

2023-07-01 to 2024-06-30

PHI SIGMA KAPPA, founded in 1954, is a micro nonprofit that reported $98K in total revenue in fiscal year 2023. Expenses of $135K exceeded revenue, resulting in a 38% operating deficit.

Mission

Mission: to buy, hold, and maintain a fraternity house for the Colony of Phi Sigma Kappa at RPI in Troy, NY, a chapter of Phi Sigma Kappa national fraternity; to help ensure the long term viability of the chapter; and to promote ongoing goodwill and social contact among its alumni.

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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 $0

Program Service Revenue $50,506

Investment Income $47,799

Other Revenue $0

TOTAL REVENUE $98,305

Expense Breakdown

Grants Paid $9,738

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $125,648

TOTAL EXPENSES $135,386

Year-over-Year Comparison

	2023	2022	Change
Revenue	$98,305	$100,197	0.0%
Expenses	$135,386	$115,331	+0.2%
Net Income	$-37,081	$-15,134	+1.5%

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
Andrew Martin	Treasurer	2	Officer	$0	$0	$0
Julian Casanova	Secretary	0	Officer	$0	$0	$0
Ira Whitman	Member at Large	0	Officer	$0	$0	$0
Chris Dower	Member at Large	0	Officer	$0	$0	$0
Paul Marano	President	4	Officer	$0	$0	$0
Joe Defrancesi	Vice president	0	Officer	$0	$0	$0
Doug Robinson	Member at Large	0	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
2025	No data	No data	No data	No data
2024	$98,305	$135,386	$1,058,387	$-37,081
2023	$100,197	$115,331	$1,045,134	$-15,134
2022	$111,050	$109,409	$1,072,153	$1,641
2021	$81,390	$109,154	$1,302,999	$-27,764
2020	$86,456	$135,364	$1,213,699	$-48,908
2019	$94,355	$138,930	$1,267,728	$-44,575

PHI SIGMA KAPPA