ALPHA SIGMA PHI FRATERNITY INC

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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

1845

Legal Domicile

Principal Officer

GORDON F HEMINGER

Phone

3178431911

Tax Period

2024-07-01 to 2025-06-30

ALPHA SIGMA PHI FRATERNITY INC, founded in 1845, is a community nonprofit that reported $4.8M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $5.5M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO BETTER THE MAN THROUGH THE CREATION AND PERPETUATION OF BROTHERHOOD FOUNDED UPON THE VALUES OF CHARACTER, SILENCE, CHARITY, HONOR,PURITY AND PATRIOTISM.

Program Service Accomplishments

Program 1

GRAND CHAPTER: INTERNATIONAL LEADERSHIP CONFERENCE, INCLUDING SPECIFIC TRACKS SUCH AS CAREER PREPARATION, HEALTH & WELLNESS, SERVICE & PHILANTHROPY, PROFESSIONAL SPEAKING, RITUAL, RECRUITMENT, ETC.

Program 2

ALUMNI ENGAGEMENT: PROVIDES SUPPORT TO THE CHAPTER ALUMNI ENGAGEMENT TEAM, WHO ADVISES THE FRATERNITY'S ALUMNI CHAPTERS. ALUMNI ENGAGEMENT ALSO COACHES CHAPTERS ON GROWTH STRATEGIES. THE SUPPORT...

ALUMNI ENGAGEMENT: PROVIDES SUPPORT TO THE CHAPTER ALUMNI ENGAGEMENT TEAM, WHO ADVISES THE FRATERNITY'S ALUMNI CHAPTERS. ALUMNI ENGAGEMENT ALSO COACHES CHAPTERS ON GROWTH STRATEGIES. THE SUPPORT STAFF SPENDS MOST OF THEIR TIME MANAGING THIS DEPARTMENT.

Program 3

CHAPTER/COLONY DEVELOPMENT: PROVIDES SUPPORT TO THE CHAPTER DEVELOPMENT TEAM, WHO ADVISES THE FRATERNITY'S UNDERGRADUATE CHAPTERS. THE CHAPTER DEVELOPMENT AREA IS IN CHARGE OF PROMOTING THE ADDITIONS OF MEN TO THE FRATERNITY AND THIS AREA ALSO INCLUDES MEMBERSHIP DUES AND FEES. THE SUPPORT STAFF SPENDS MOST OF THEIR TIME MANAGING THIS DEPARTMENT.

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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 $310,000

Program Service Revenue $3,140,660

Investment Income $83,424

Other Revenue $1,289,175

TOTAL REVENUE $4,823,259

Expense Breakdown

Grants Paid $15,440

Salaries & Benefits $3,152,822

Fundraising Expenses $0

Other Expenses $2,341,606

TOTAL EXPENSES $5,509,868

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,823,259	$5,205,314	-0.1%
Expenses	$5,509,868	$5,141,462	+0.1%
Net Income	$-686,609	$63,852	-11.8%

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

Volunteers

1400

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

$506,950

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BYRON HUGHES	GRAND SENIOR PRESIDENT	0.25	Officer Director	$0	$0	$0
AARON BULLOCK	GRAND JUNIOR PRESIDENT	0.25	Officer Director	$0	$0	$0
CHRIS MUSBACH	GRAND TREASURER	0.25	Officer Director	$0	$0	$0
JASON NOLEN-DOERR	GRAND SECRETARY	0.25	Officer Director	$0	$0	$0
JON KEFALOUKOS	GRAND MARSHALL	0.25	Officer Director	$0	$0	$0
DANIEL DUNCAN	GRAND HISTORIAN	0.25	Officer Director	$0	$0	$0
GEOFF MCDONALD	GRAND COUNCILOR	0.25	Director	$0	$0	$0
RICH DYER	GRAND COUNCILOR	0.25	Director	$0	$0	$0
WILLIAM DOYLE	GRAND COUNCILOR	0.25	Director	$0	$0	$0
DAVID GATZKE	GRAND COUNCILOR	0.25	Director	$0	$0	$0
GORDON HEMINGER	CEO/PRESIDENT	40.00	Officer	$295,000	$42,950	$337,950
MATT HUMBERGER	COO/VICE PRESIDENT	40.00	Officer	$156,000	$13,000	$169,000

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	$4,823,259	$5,509,868	$2,339,456	$-686,609
2024	No data	No data	No data	No data
2023	$4,339,126	$5,668,023	$3,009,489	$-1,328,897
2022	$4,239,555	$3,935,986	$4,486,738	$303,569
2021	$3,578,190	$3,241,474	$4,417,023	$336,716
2020	$3,912,573	$3,632,779	$4,142,642	$279,794
2019	$4,211,117	$4,021,084	$3,925,907	$190,033
2018	$3,786,951	$3,348,027	$3,557,748	$438,924