ALPHA KAPPA PSI FRATERNITY INC

EIN: 352018908

NOBLESVILLE, IN

Total Revenue
$3,159,283
Total Expenses
$3,630,901
Total Assets
$9,961,436
Net Assets
$8,702,770
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1904
Legal Domicile
IN
Principal Officer
CARL STEVEN HARTMAN
Phone
3178721553
Tax Period
2023-07-01 to 2024-06-30

ALPHA KAPPA PSI FRATERNITY INC, founded in 1904, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $3.6M exceeded revenue, resulting in a 15% operating deficit.

Mission

TO FURTHER THE WELFARE OF ITS MEMBERS AND FOSTER RESEARCH IN COMMERCE, ACCOUNTING, AND FINANCE. ALPHA KAPPA PSI FRATERNITY DEVELOPS PRINCIPLED BUSINESS LEADERS, BOTH OUR MEMBERS IN COLLEGE CHAPTERS ACROSS THE WORLD, BY ALUMNI MEMBERS PARTICIPATING IN ALUMNI GROUPS, LEADERSHIP DEVELOPMENT ACTIVITIES AND PROGRAMMING, AS WELL AS THE GENERAL PUBLIC BY DISTRIBUTING PERTINENT BUSINESS AND LEADERSHIP INFORMATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $146,801
Program Service Revenue $2,392,892
Investment Income $457,284
Other Revenue $162,306
TOTAL REVENUE $3,159,283

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,040,046
Fundraising Expenses $0
Other Expenses $2,590,855
TOTAL EXPENSES $3,630,901

Year-over-Year Comparison

2023 2022 Change
Revenue $3,159,283 $3,354,034 -0.1%
Expenses $3,630,901 $4,052,688 -0.1%
Net Income $-471,618 $-698,654 -0.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
21
Volunteers
650

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
5
$324,161
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL DICKERSON CHAIR 3.00
Officer Director
$0 $0 $0
JANE AZZINARO VICE CHAIR 1.00
Officer Director
$0 $0 $0
DON SECHLER TREASURER 1.00
Officer Director
$0 $0 $0
LANE VELAYO SECRETARY 1.00
Officer Director
$0 $0 $0
MIRIAM TOMASELLI DIRECTOR 1.00
Director
$0 $0 $0
DEBBIE BARRETT DIRECTOR 1.00
Director
$0 $0 $0
DAVID WENDROFF DIRECTOR 1.00
Director
$0 $0 $0
MICHEAL DICKSON DIRECTOR 1.00
Director
$0 $0 $0
LUKE BOTTORFF DIRECTOR 1.00
Director
$0 $0 $0
CARL STEVEN HARTMAN CEO 60.00
Officer
$239,975 $84,186 $324,161
BRIAN PARKER EXECUTIVE DIRECTOR & COO 60.00
Highest
$159,265 $21,098 $180,363
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 $3,159,283 $3,630,901 $9,961,436 $-471,618
2023 $3,354,034 $4,052,688 $9,844,160 $-698,654
2022 $3,023,234 $3,349,691 $9,683,802 $-326,457
2021 $3,757,716 $2,867,247 $11,674,776 $890,469
2020 $3,517,551 $4,136,468 $10,240,436 $-618,917
2019 $4,701,331 $3,715,393 $10,656,926 $985,938
2018 $4,210,919 $3,858,956 $10,258,683 $351,963
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