PHI KAPPA PSI FRATERNAL CORPORATION (EIN 463956228) - 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

2013

Legal Domicile

Principal Officer

SHANE MERZ

Phone

4808140480

Tax Period

2023-06-01 to 2024-05-31

PHI KAPPA PSI FRATERNAL CORPORATION, founded in 2013, is a micro nonprofit in the Recreation & Sports sector that reported $41K in total revenue in fiscal year 2023. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $220K exceeded revenue, resulting in a 439% operating deficit.

Mission

THE MISSION OF THE CORPORATION IS TO PROVIDE A COLLEGE HOME FOR MEMBERS AND PLEDGES (UNDERGRADUATES) OF OKLAHOMA ALPHA CHAPTER OF PHI KAPPA PSI FRATERNITY. ITS GOAL IS TO PROVIDE THE UNDERGRADUATES A FACILITY WHERE THEY CAN HAVE A SAFE, COST-EFFECTIVE AND INSPIRING FRATERNAL LIVING EXPERIENCE DURING THEIR COLLEGE YEARS. THE CORPORATION'S SECONDARY MISSION IS TO SUPPORT THE CHAPTER AND PROVIDE OVERSIGHT TO THE UNDERGRADUATES AS NEEDED.

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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 $32,138

Program Service Revenue $8,743

Investment Income $0

Other Revenue $0

TOTAL REVENUE $40,881

Expense Breakdown

Grants Paid $0

Salaries & Benefits $43,250

Fundraising Expenses $0

Other Expenses $177,198

TOTAL EXPENSES $220,448

Year-over-Year Comparison

	2023	2022	Change
Revenue	$40,881	$122,832	-0.7%
Expenses	$220,448	$156,073	+0.4%
Net Income	$-179,567	$-33,241	+4.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHANE MERZ	PRESIDENT	6.00	Director	$0	$0	$0
MICHAEL BYERS	SECRETARY	4.00	Officer	$0	$0	$0
AARON CLAYBAUGH	TREASURER	6.00	Officer	$0	$0	$0
DAVE CURTIS	VICE PRESIDE	1.00	Officer	$0	$0	$0
MATT MCCOY	OFFICER	6.00	Officer	$0	$0	$0
JEFF D SCOTT	OFFICER	9.00	Officer	$0	$0	$0
TODD WALDECK	OFFICER	1.00	Officer	$0	$0	$0
GREG WARD	OFFICER	6.00	Officer	$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	$40,881	$220,448	$1,699,316	$-179,567
2023	$122,832	$156,073	$1,779,332	$-33,241
2022	$78,896	$117,917	$1,724,860	$-39,021
2021	$1,249,504	$55,970	$1,746,881	$1,193,534

PHI KAPPA PSI FRATERNAL CORPORATION