CHI PSI FRATERNITY

EIN: 386089059

NASHVILLE, TN

Total Revenue
$1,967,506
Total Expenses
$2,228,828
Total Assets
$4,960,096
Net Assets
$1,991,705
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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
1947
Legal Domicile
MI
Principal Officer
KYLE PHILLIPS
Phone
6157362520
Tax Period
2024-07-01 to 2025-06-30

CHI PSI FRATERNITY, founded in 1947, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $2.2M exceeded revenue, resulting in a 13% operating deficit.

Mission

TO CREATE AND MAINTAIN AN ENDURING SOCIETY WHICH STIMULATES INTELLECTUAL, ETHICAL AND SOCIAL GROWTH AND ENCOURAGES THE SHARING OF TRADITIONS AND VALUES.

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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 $397,927
Program Service Revenue $1,677,165
Investment Income $4,466
Other Revenue $-112,052
TOTAL REVENUE $1,967,506

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,263,203
Fundraising Expenses $0
Other Expenses $965,625
TOTAL EXPENSES $2,228,828

Year-over-Year Comparison

2024 2023 Change
Revenue $1,967,506 $2,665,111 -0.3%
Expenses $2,228,828 $2,220,259 +0.0%
Net Income $-261,322 $444,852 -1.6%
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
11
Independent Members
10
Employees
19
Volunteers
15

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
$276,864
Total Directors
11
$123,007
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SAM BESSEY CHF ADVANCEM 40.00
Officer
$134,638 $19,219 $153,857
KYLE PHILLIPS EXECUTIVE DI 40.00
Officer Director
$109,230 $13,777 $123,007
MAX RUBIN CHARIMAN 0.50
Officer Director
$0 $0 $0
MICHAEL BRITT VICE CHAIRMA 0.50
Officer Director
$0 $0 $0
BILL HATTENDORF BOARD MEMBER 0.50
Director
$0 $0 $0
DAVID WOODRUFF BOARD MEMBER 0.50
Director
$0 $0 $0
ANDREW ESCHWEILER BOARD MEMBER 0.50
Director
$0 $0 $0
ROBERT JOHNSON BOARD MEMBER 0.50
Director
$0 $0 $0
ANDRE LITTLE BOARD MEMBER 0.50
Director
$0 $0 $0
JOHN LOGAN BOARD MEMBER 0.50
Director
$0 $0 $0
NICKOLAS MILONAS BOARD MEMBER 0.50
Director
$0 $0 $0
MICHAEL GUSTAFSON BOARD MEMBER 0.50
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 $1,967,506 $2,228,828 $4,960,096 $-261,322
2024 No data No data No data No data
2023 $2,385,705 $2,131,170 $3,917,503 $254,535
2022 $1,614,364 $1,718,281 $3,526,602 $-103,917
2021 $1,508,418 $1,379,088 $4,012,394 $129,330
2020 $1,364,525 $1,427,904 $3,592,793 $-63,379
2019 $1,299,764 $1,518,999 $3,806,724 $-219,235
2018 $1,243,865 $1,254,719 $4,021,751 $-10,854
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