Omega Delta Phi Fraternity Inc

EIN: 384253859 Recreation & Sports

Mc Kinney, TX

Total Revenue
$296,965
Total Expenses
$311,191
Total Assets
N/A
Net Assets
N/A
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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
2023
Legal Domicile
TX
Phone
9568274562
Tax Period
2024-01-01 to 2024-12-31

Omega Delta Phi Fraternity Inc, founded in 2023, is a small nonprofit in the Recreation & Sports sector that reported $297K in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum.

Mission

The purpose of this Brotherhood, a service/social fraternity shall be to dedicate ourselves to the needs and concerns of the surrounding communities and promote and maintain the traditional values of UNITY, HONESTY, INTEGRITY, and LEADERSHIP. This Brotherhood is a Hispanic founded fraternity that exists in order to provide any man a diverse fraternal experience which coincides with a higher education. Since its beginning in 1987, Omega Delta Phi has been an organization perpetually dedicated to the idea of constant growth and improvement. As such, we face the new challenges of tomorrow with a growing sense of optimism and newfound awareness that good will not be good enough. We must work to form an organization which not only challenges the traditional perception of fraternities, but also one with deals with the issues of culture and race for a completely new perspective.

Program Service Accomplishments

Program 1
Expenses: $68,687 Revenue: $46,160

Omega Delta Phi hosts annual and regional educational conferences that provide leadership training, academic support workshops, and professional development for undergraduate and alumni members...

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Omega Delta Phi hosts annual and regional educational conferences that provide leadership training, academic support workshops, and professional development for undergraduate and alumni members. These events advance the organizations mission of promoting education, leadership, and community involvement among its members.

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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 (2024)

Revenue Breakdown

Contributions & Grants $248,854
Program Service Revenue $46,160
Investment Income $1,206
Other Revenue $745
TOTAL REVENUE $296,965

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $69,687
Other Expenses $311,191
TOTAL EXPENSES $311,191

Year-over-Year Comparison

2024 2023 Change
Revenue $296,965 $212,206 +0.4%
Expenses $311,191 N/A N/A
Net Income $-14,226 $212,206 -1.1%
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

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Governance

Voting Members
14
Independent Members
14
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
8
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael Taddesse Board Chairman 5
Officer Director
$0 $0 $0
Jesus Apodaca Board Vice Chairman 5
Officer Director
$0 $0 $0
RudyRamirez National Alumni President 5
Officer Director
$0 $0 $0
Gonzalo Cagigal II Board Finance Chairman 5
Officer Director
$0 $0 $0
Isaac Magana Board Secretary 5
Officer Director
$0 $0 $0
Gabriel Hernandez National Undergrad President 5
Officer Director
$0 $0 $0
David Lopez-Herrera Board Judicial Chairman 5
Officer Director
$0 $0 $0
Soilo Felix Board Chairman Emeritus 5
Officer Director
$0 $0 $0
Mahdere Gebreyesus Desta Board At-Large 5
Director
$0 $0 $0
Ruben Hernandez Board At-Large 5
Director
$0 $0 $0
Long Le Board At-Large 5
Director
$0 $0 $0
Edwin Correa Board At-Large 5
Director
$0 $0 $0
Rotarnah Seung Board At-Large 5
Director
$0 $0 $0
Nathan Morales Board At-Large 5
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
2024 $296,965 $311,191 No data $-14,226
2023 $212,206 $236,748 No data $-24,542
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