KAPPA ALPHA PSI FRATERNITY INC DETROIT ALUMNI CHAPTER (EIN 381340277) - 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

1944

Legal Domicile

Principal Officer

EDGAR JACKSON

Phone

3132798311

Tax Period

2024-10-01 to 2025-09-30

KAPPA ALPHA PSI FRATERNITY INC DETROIT ALUMNI CHAPTER, founded in 1944, is a small nonprofit that reported $229K in total revenue in fiscal year 2024. Expenses of $272K exceeded revenue, resulting in a 19% operating deficit.

Mission

THE DETROIT ALUMNI CHAPTER OF THE KAPPA PSI ALPHA FRATERNITY HAS 3 PRIMARY EXEMPT PURPOSES COMMUNITY SERVICE, YOUTH MENTORING AND ASSISTING SENIORS

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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 $71,290

Program Service Revenue $129,369

Investment Income $754

Other Revenue $27,780

TOTAL REVENUE $229,193

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $271,840

TOTAL EXPENSES $271,840

Year-over-Year Comparison

	2024	2023	Change
Revenue	$229,193	$226,995	+0.0%
Expenses	$271,840	$240,497	+0.1%
Net Income	$-42,647	$-13,502	+2.2%

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

N/A

Volunteers

N/A

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
ROBERT PASTER JR	PRESIDENT	002.00	Director	$0	$0	$0
ROBERT BRYANT JR	VICE PRESIDENT	002.00	Director	$0	$0	$0
JERED JACKSON	SECRETARY	002.00	Director	$0	$0	$0
EDGAR JACKSON JR	TREASURER	002.00	Director	$0	$0	$0
REGINALD MOCK	DIRECTOR	002.00	Director	$0	$0	$0
MELVIN HAMPTON	DIRECTOR	002.00	Director	$0	$0	$0
SOLON PHILIPS	DIRECTOR	002.00	Director	$0	$0	$0
CLARENCE WRIGHT	DIRECTOR	002.00	Director	$0	$0	$0
GREGORY HINES	DIRECTOR	002.00	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
2025	$229,193	$271,840	$79,818	$-42,647
2024	$226,995	$240,497	$135,687	$-13,502

KAPPA ALPHA PSI FRATERNITY INC DETROIT ALUMNI CHAPTER