PHI SIGMA KAPPA ASSOC OF ILLINOIS (EIN 376046708) - 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

2003

Legal Domicile

Principal Officer

Joe Schwartz

Tax Period

2024-08-01 to 2025-07-31

PHI SIGMA KAPPA ASSOC OF ILLINOIS, founded in 2003, is a micro nonprofit that reported $75K in total revenue in fiscal year 2019. Revenue surged 64% from the prior year, signaling strong growth momentum. The organization ran a surplus of $33K, a strong 44% operating margin.

Mission

College fraternity alumni organization that is a social group and provides leadership and stewardship to the undergraduate chapter.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $212,270

TOTAL REVENUE $212,270

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $208,778

TOTAL EXPENSES $208,778

Year-over-Year Comparison

	2024	2023	Change
Revenue	$212,270	$207,302	+0.0%
Expenses	$208,778	$172,747	+0.2%
Net Income	$3,492	$34,555	-0.9%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tim Sheehan	Director	2	Director	$0	$0	$0
Eric Lewis	Director	1	Director	$0	$0	$0
Eric Simon	Director	1	Director	$0	$0	$0
Ash Kumar	Director	1	Director	$0	$0	$0
Dillon Gusmano	Director	1	Director	$0	$0	$0
Mark Leipold	Director	1	Director	$0	$0	$0
Paul DeTrempe	Director	1	Director	$0	$0	$0
Joey Schwartz	President	1	Director	$0	$0	$0
Brian Burns	Treasurer	1	Director	$0	$0	$0
Adam Flanders	Secretary	1	Director	$0	$0	$0
Brian Monticello	Director	1	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
2025	$212,270	$208,778	$1,942,232	$3,492
2024	$207,302	$172,747	$1,957,931	$34,555
2023	$234,901	$225,815	$1,923,375	$9,086
2022	$16,992	$54,176	$1,911,424	$-37,184
2021	$37,352	$38,319	$1,951,108	$-967
2020	$74,514	$41,411	$1,932,046	$33,103

PHI SIGMA KAPPA ASSOC OF ILLINOIS