ALPHA KAPPA PSI SCHOLARSHIP FUND

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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

1998

Legal Domicile

Principal Officer

Richard Perrine

Phone

6128451887

Tax Period

2023-07-01 to 2024-06-30

ALPHA KAPPA PSI SCHOLARSHIP FUND, founded in 1998, is a small nonprofit in the Education sector that reported $351K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Net assets of $3.9M represent 133 months of operating reserves.

Mission

To promote business education at the Carlson School of Management at the University of Minnesota by awarding merit-based and need-based scholarships to students and providing housing in the AKY house.

Program Service Accomplishments

Program 1

Expenses: $308,003 Revenue: $0

Scholarships awarded to students attending the University of Minnesota Carlson School of Management.

Program 2

Expenses: $29,388 Revenue: $0

Administrative expenses of the scholarship program.

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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 (2023)

Revenue Breakdown

Contributions & Grants $263,238

Program Service Revenue $0

Investment Income $85,832

Other Revenue $2,000

TOTAL REVENUE $351,070

Expense Breakdown

Grants Paid $308,003

Salaries & Benefits $41,343

Fundraising Expenses $18,085

Program Expenses $337,391

Other Expenses $33,305

TOTAL EXPENSES $382,651

Year-over-Year Comparison

	2023	2022	Change
Revenue	$351,070	$281,614	+0.2%
Expenses	$382,651	$333,632	+0.1%
Net Income	$-31,581	$-52,018	-0.4%

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

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

$41,343

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Holly Anderson	Executive Director	18.00	Key Emp	$41,343	$0	$41,343
Richard A Perrine	President & Chairman of the Board	2	Officer Director	$0	$0	$0
Myron C Martin	VP & Treasurer	2	Officer Director	$0	$0	$0
Lois M Martin	Secretary	2	Officer Director	$0	$0	$0
Laura C Murphy	Director	1	Director	$0	$0	$0
Adam J Krasnoff	Director	1	Director	$0	$0	$0
Robert Vaupel	Director	1	Director	$0	$0	$0
Gary M Lechko	Director	1	Director	$0	$0	$0
Michael J Vanderhayden	Director	1	Director	$0	$0	$0
Lila M Chu	Director	1	Director	$0	$0	$0
Mark W Foley	Director	1	Director	$0	$0	$0
Wade A Zander	Director	1	Director	$0	$0	$0
Bradley P Johnson	Director	1	Director	$0	$0	$0
Jon Podvin	Director	1	Director	$0	$0	$0
Nick Hotz	Director	1	Director	$0	$0	$0
Nicole Johnson	Director	1	Director	$0	$0	$0
Ben Stevenson	Director	1	Director	$0	$0	$0
Drew Reilly	Director	1	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	No data	No data	No data	No data
2024	$351,070	$382,651	$3,891,474	$-31,581
2023	$281,614	$333,632	$3,641,146	$-52,018
2022	$307,258	$370,825	$3,486,974	$-63,567
2021	$431,355	$302,529	$3,897,700	$128,826