Phi Delta Kappa Fraternity Inc - Gamma Lambda Chapter

EIN: 356067665

Michigan City, IN

Total Revenue
$55,855
Total Expenses
$44,349
Total Assets
$206,033
Net Assets
$199,048
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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
1922
Legal Domicile
IN
Principal Officer
Charles Krause
Phone
2198748573
Tax Period
2022-01-01 to 2022-12-31

Phi Delta Kappa Fraternity Inc - Gamma Lambda Chapter, founded in 1922, is a micro nonprofit that reported $56K in total revenue in fiscal year 2022. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $12K, a strong 21% operating margin.

Mission

Fraternal

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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 (2022)

Revenue Breakdown

Contributions & Grants $7,705
Program Service Revenue $0
Investment Income $-243
Other Revenue $48,393
TOTAL REVENUE $55,855

Expense Breakdown

Grants Paid $2,450
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $41,602
TOTAL EXPENSES $44,349

Year-over-Year Comparison

2022 2021 Change
Revenue $55,855 $34,712 +0.6%
Expenses $44,349 $38,228 +0.2%
Net Income $11,506 $-3,516 -4.3%
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

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Governance

Voting Members
100
Independent Members
100
Employees
N/A
Volunteers
98

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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael Iacovetti President 10.00
Director
$0 $0 $0
Stephen Janus Treasurer 10.00
Director
$0 $0 $0
Mark Kazmucha Secretary 5.00
Director
$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
2022 $55,855 $44,349 $206,033 $11,506
2021 $34,712 $38,228 $190,337 $-3,516
2020 $31,294 $32,019 $198,773 $-725
2019 $39,538 $32,302 $196,498 $7,236
2018 $43,986 $32,235 $188,552 $11,751
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