THE ENDOWMENT FUND OF THE PHI KAPPA PSI FRATERNITY (EIN 366130655) - Form 990 Financial Analysis & Trantor Score

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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

Principal Officer

BENJAMIN S M NICOL

Phone

3172753400

Tax Period

2023-01-01 to 2023-12-31

THE ENDOWMENT FUND OF THE PHI KAPPA PSI FRATERNITY, founded in 1922, is a mid-sized nonprofit in the Education sector that reported $61.6M in total revenue in fiscal year 2023. Revenue surged 566% from the prior year, signaling strong growth momentum. The organization ran a surplus of $56.4M, a strong 92% operating margin.

Mission

TO FOSTER THE DEVELOPMENT OF LEADERS AND TO PROMOTE ACADEMIC EXCELLENCE IN HIGHER EDUCATION BY PROVIDING STUDENTS WITH SCHOLARSHIPS AND AWARDS AND BY SUPPORTING EDUCATIONAL PROJECTS AND PROGRAMS FOR THEIR BENEFIT.

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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 $2,574,107

Program Service Revenue $103,579

Investment Income $2,356,935

Other Revenue $56,535,097

TOTAL REVENUE $61,569,718

Expense Breakdown

Grants Paid $875,705

Salaries & Benefits $1,473,142

Fundraising Expenses $835,162

Program Expenses $2,248,794

Other Expenses $2,812,107

TOTAL EXPENSES $5,160,954

Year-over-Year Comparison

	2023	2022	Change
Revenue	$61,569,718	$9,239,646	+5.7%
Expenses	$5,160,954	$6,103,120	-0.2%
Net Income	$56,408,764	$3,136,526	+17.0%

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

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

$516,301

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES C DENNY	CHAIRMAN	10.00	Officer Director	$0	$0	$0
TIMOTHY P MCCOURT	VICE CHAIRMAN	4.00	Officer Director	$0	$0	$0
BRUCE A JACKSON	SECRETARY/TREASURER	6.00	Officer Director	$0	$0	$0
KARL D BRENSIKE	TRUSTEE	4.00	Director	$0	$0	$0
ROBERT W DUDLEY	TRUSTEE	5.00	Director	$0	$0	$0
DONALD V FITES	TRUSTEE	5.00	Director	$0	$0	$0
CHRISTOPHER J HEDBERG	TRUSTEE	0.50	Director	$0	$0	$0
FREDERICK A HEGELE	TRUSTEE	5.00	Director	$0	$0	$0
CHARLES J MAXWELL JR	TRUSTEE	8.00	Director	$0	$0	$0
DAVID S MOYER	TRUSTEE	2.00	Director	$0	$0	$0
JOHN R MURRAY JR	TRUSTEE	2.00	Director	$0	$0	$0
ARI J OFFICER	TRUSTEE	3.00	Director	$0	$0	$0
JOHN H PIERCE	TRUSTEE	5.00	Director	$0	$0	$0
RANDALL W SCHNACK	TRUSTEE	5.00	Director	$0	$0	$0
CARL J STONEY JR	TRUSTEE	5.00	Director	$0	$0	$0
JERRY C WATSON	TRUSTEE	0.50	Director	$0	$0	$0
PAUL R WINEMAN	TRUSTEE	5.00	Director	$0	$0	$0
WAYNE W WILSON	TRUSTEE	5.00	Director	$0	$0	$0
PAMELA P HAWKINS	CHIEF FINANCIAL OFFICER	40.00	Officer	$128,229	$7,882	$136,111
BENJAMIN S NICOL	CHIEF EXECUTIVE OFFICER	40.00	Officer	$168,441	$16,028	$184,469
DREW M THAWLEY	CHIEF ADVANCEMENT OFFICER	40.00	Officer	$164,074	$31,647	$195,721

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	$61,569,718	$5,160,954	$77,216,082	$56,408,764
2022	$9,239,646	$6,103,120	$27,603,505	$3,136,526
2021	$5,253,152	$5,320,092	$26,119,752	$-66,940
2020	$3,422,864	$5,044,234	$23,608,641	$-1,621,370
2019	$4,035,918	$6,438,569	$25,660,122	$-2,402,651
2018	$7,452,286	$4,692,530	$27,031,750	$2,759,756

THE ENDOWMENT FUND OF THE PHI KAPPA PSI FRATERNITY