ALPHA SIGMA PHI FRATERNITY INC

EIN: 314359813

CARMEL, IN

Total Revenue
$4,823,259
Total Expenses
$5,509,868
Total Assets
$2,339,456
Net Assets
$1,944,386
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1845
Legal Domicile
NY
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.

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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%)

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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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Governance

Voting Members
10
Independent Members
10
Employees
39
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
8
$506,950
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
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
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