CHI PSI FRATERNITY

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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

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.

Program Service Accomplishments

Program 1

THE FRATERNITY IS ORGANIZED TO CULTIVATE A UNIQUE ENVIRONMENT WHICH INSTILLS LIFELONG COMMITMENT TO BROTHERHOOD. IN THIS PURSUIT, THE FRATERNITY ENCOURAGES LEADERSHIP, RESPECT FOR ONESELF AND OTHERS, AND RESPONSIBILITY TO THE UNIVERSITY AND COMMUNITY. THE FRATERNITY PROVIDES CHAPTER SERVICES AND LEADERSHIP EDUCATION TO ITS MEMBERS, INCLUDING REGULAR STAFF VISITS, PUBLICATIONS, LEADERSHIP CONVENTION, RESOURCES AND PROGRAMS. THE FRATERNITY PROVIDES OVERSIGHT AND GUIDANCE.

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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 $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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$276,864

Total Directors

$123,007

Key Employees

Highest Compensated

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