PHI GAMMA DELTA OF MICHIGAN FOUNDA… - 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

2001

Legal Domicile

Principal Officer

KELLEY V REA

Tax Period

2023-01-01 to 2023-12-31

PHI GAMMA DELTA OF MICHIGAN FOUNDATION, founded in 2001, is a micro nonprofit in the Education sector that reported $16K in total revenue in fiscal year 2023. Revenue surged 79% from the prior year, signaling strong growth momentum. Expenses of $16K left a modest 5% surplus.

Mission

EDUCATIONAL ENHANCEMENT FOR FRATERNITY MEMBERS

Program Service Accomplishments

Program 1

Expenses: $7,536

EDUCATIONAL SCHOLARSHIPS AWARDED TO MEMBERS OF UNDERGRADUATE FRATERNITY

Program 2

PROVIDE INTERNET AND CABLE SERVICES TO FRATERNITY HOUSE FOR EDUCATIONAL PURPOSES

Program 3

UPGRADES TO FRATERNITY PROPERTY FOR SCHOLASTIC PURPOSES

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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 $4,935

Investment Income $11,546

Other Revenue $0

TOTAL REVENUE $16,481

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,536

Other Expenses $15,592

TOTAL EXPENSES $15,592

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,481	$9,183	+0.8%
Expenses	$15,592	$12,030	+0.3%
Net Income	$889	$-2,847	-1.3%

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
TOM EAMES	VICE PRESIDE	N/A	Officer	$0	$0	$0
CHRIS PARKER	VICE PRESIDE	N/A	Officer	$0	$0	$0
KELLEY V REA	PRESIDENT, S	N/A	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
2024	No data	No data	No data	No data
2023	$16,481	$15,592	$518,717	$889
2022	$9,183	$12,030	$505,549	$-2,847
2021	$10,098	$12,663	$536,929	$-2,565
2020	$9,168	$16,569	$592,340	$-7,401
2019	$39,981	$41,064	$631,673	$-1,083
2018	$-41,775	$35,941	$558,938	$-77,716

PHI GAMMA DELTA OF MICHIGAN FOUNDATION