PHI SIGMA RHO NATIONAL SORORITY INC

EIN: 382900287 Education

NORTHVILLE, MI

Total Revenue
$606,354
Total Expenses
$573,393
Total Assets
$552,349
Net Assets
$547,476
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
OH
Principal Officer
GABRIELLE SALAZAR
Phone
7347725843
Tax Period
2023-01-01 to 2023-12-31

PHI SIGMA RHO NATIONAL SORORITY INC, founded in 1987, is a small nonprofit in the Education sector that reported $606K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $573K left a modest 5% surplus.

Mission

PHI SIGMA RHO IS A SOCIAL SORORITY FOR WOMEN IN TECHNICAL STUDIES SERVING OUR SISTERS AND THE COMMUNITY BY PROMOTING: HIGH STANDARDARDS OF PERSONAL INTEGRITY, RESPECT, AND CHARACTER; LIFELONG BONDS OF SISTERHOOD; AND ACADEMIC AND PROFESSIONAL EXCELLENCE WITH A SOCIAL BALANCE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $411,893
Program Service Revenue $177,403
Investment Income $2,038
Other Revenue $15,020
TOTAL REVENUE $606,354

Expense Breakdown

Grants Paid $0
Salaries & Benefits $193,819
Fundraising Expenses $0
Program Expenses $408,394
Other Expenses $379,574
TOTAL EXPENSES $573,393

Year-over-Year Comparison

2023 2022 Change
Revenue $606,354 $495,563 +0.2%
Expenses $573,393 $561,249 +0.0%
Net Income $32,961 $-65,686 -1.5%
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

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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
8
Independent Members
8
Employees
3
Volunteers
65

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
4
$139,250
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHARON SNYDER PRESIDENT 15.00
Officer Director
$0 $0 $0
LACEY WESTCARR VP OF FINANC 15.00
Officer Director
$0 $0 $0
ALISON LUNNY VP OF STANDA 10.00
Director
$0 $0 $0
JESSICA SOFKA VP OF COMMUN 10.00
Director
$0 $0 $0
MICHELLE EYINK VP COLLEGIAT 10.00
Director
$0 $0 $0
LINA TRIGG VP MEMBER SE 10.00
Director
$0 $0 $0
TINA SCHNELL VP ALUMNAE E 10.00
Director
$0 $0 $0
ALISON RUNNINGER VP OF STRATE 10.00
Director
$0 $0 $0
GABRIELLE SALAZAR CEO 40.00
Officer
$73,125 $0 $73,125
CAITLIN LAFONTAINE ASST EXECUTI 40.00
Officer
$66,125 $0 $66,125
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 $606,354 $573,393 $552,349 $32,961
2022 $495,563 $561,249 $514,515 $-65,686
2021 $423,331 $432,566 $580,201 $-9,235
2020 $355,305 $289,350 $589,104 $65,955
2019 $450,707 $332,568 $524,130 $118,139
2018 $380,950 $348,452 $408,429 $32,498
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