PHI KAPPA PSI MICHIGAN BETA

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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

1954

Legal Domicile

Principal Officer

BEN CHU

Phone

3139329121

Tax Period

2024-06-01 to 2025-05-31

PHI KAPPA PSI MICHIGAN BETA, founded in 1954, is a small nonprofit in the Education sector that reported $213K in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum.

Mission

THE PHI KAPPA PSI FRATERNITY ENGAGES MEN OF INTEGRITY, FURTHER DEVELOPS THIER INTELLECT AND ENHANCES COMMUNITY INVOLVEMENT.

Program Service Accomplishments

Program 1

PROVIDE SOCIAL PROGRAMMING FOR MEMBERS OF THE LOCAL CHAPTER OF A NATIONAL COLLEGIATE FRATERNITY.

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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 $212,660

Investment Income $0

Other Revenue $0

TOTAL REVENUE $212,660

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $206,564

TOTAL EXPENSES $206,564

Year-over-Year Comparison

	2024	2023	Change
Revenue	$212,660	$148,083	+0.4%
Expenses	$206,564	$135,143	+0.5%
Net Income	$6,096	$12,940	-0.5%

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
JOEY BAN	VICE PRESIDE	N/A	Officer	$0	$0	$0
BEN CHU	TREASURER	N/A	Officer	$0	$0	$0
BEN CHU	TREASURER	N/A	Officer	$0	$0	$0
JOSH SPURLIN	PRESIDENT	N/A	Officer	$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	$212,660	$206,564	$14,362	$6,096