Phi Kappa Psi Endowment Association (EIN 446011892) - Form 990 Financial Analysis & Trantor Score

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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

1945

Legal Domicile

Principal Officer

JOHN M STEPHENSON

Phone

9139807318

Tax Period

2023-01-01 to 2023-12-31

Phi Kappa Psi Endowment Association, founded in 1945, is a small nonprofit that reported $452K in total revenue in fiscal year 2023. Revenue surged 564% from the prior year, signaling strong growth momentum. Net assets of $1.8M represent 47 months of operating reserves.

Mission

SCHOLASTIC AWARDS ARE MADE BASED ON HIGH GRADES AND SCHOLARSHIPS ARE GIVEN BASED ON INDIVIDUAL NEED.

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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 $387,379

Program Service Revenue $0

Investment Income $64,393

Other Revenue $0

TOTAL REVENUE $451,772

Expense Breakdown

Grants Paid $431,860

Salaries & Benefits $0

Fundraising Expenses $11,655

Program Expenses $431,860

Other Expenses $24,946

TOTAL EXPENSES $456,806

Year-over-Year Comparison

	2023	2022	Change
Revenue	$451,772	$68,008	+5.6%
Expenses	$456,806	$33,217	+12.8%
Net Income	$-5,034	$34,791	-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

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG A SMITH	President	6.00	Officer Director	$0	$0	$0
CORNELIUS BOERSMA	Director	5.00	Officer Director	$0	$0	$0
Jay Ferguson	Director	1.00	Director	$0	$0	$0
SAM STARKS	Director	1.00	Director	$0	$0	$0
RALPH L SCHMIDT	Director	2.00	Director	$0	$0	$0
JOHN M STEPHENSON	Treasurer	5.00	Officer 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	No data	No data	No data	No data
2023	$451,772	$456,806	$1,753,745	$-5,034
2021	$200,191	$163,388	$1,169,179	$36,803
2019	$225,900	$175,600	$1,008,521	$50,300
2018	$161,586	$100,448	$958,221	$61,138

Phi Kappa Psi Endowment Association