House Corp of KS Alpha of Phi Kapp… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1916

Legal Domicile

Principal Officer

ADAM DOLSKI

Phone

9133026580

Tax Period

2024-01-01 to 2024-12-31

House Corp of KS Alpha of Phi Kappa Psi co Adam Dolski, founded in 1916, is a small nonprofit that reported $458K in total revenue in fiscal year 2024. Revenue fell 34% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $146K, a strong 32% operating margin.

Mission

THE SOLE PURPOSE OF THE HOUSE CORPORATION OF KANSAS ALPHA OF PHI KAPPA PSI IS TO PROVIDE AND MAINTAIN A FRATERNITY CHAPTER HOUSE AT THE UNIVERSITY OF KANSAS FOR FRATERNITY MEMBERS. RENT RECEIVED FROM THE CHAPTER HOUSE IS USED TO PAY OFF THE MORTGAGES, REAL ESTATE AND PERSONAL PROPERTY TAXES, GENERAL AND MAJOR MAINTENANCE. ANY EXCESS FUNDS ARE USED FOR THE BENEFIT OF THE FRATERNITY.

Program Service Accomplishments

Program 1

PROVIDE/MAINTAIN FRATERNITY HOUSE AND CHAPTER SUPPORT

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $150,600

Program Service Revenue $313,370

Investment Income $1,648

Other Revenue $-8,060

TOTAL REVENUE $457,558

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $311,658

TOTAL EXPENSES $311,658

Year-over-Year Comparison

	2024	2023	Change
Revenue	$457,558	$695,139	-0.3%
Expenses	$311,658	$339,448	-0.1%
Net Income	$145,900	$355,691	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
NICK REDDELL	President	5.00	Officer Director	$0	$0	$0
BEN COHEN	Vice President	5.00	Officer Director	$0	$0	$0
WILLIAM SANTORO	Vice President	5.00	Officer Director	$0	$0	$0
ADAM DOLSKI	Treasurer	5.00	Officer Director	$0	$0	$0
James Steimer	Director	1.00	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	$457,558	$311,658	$1,948,105	$145,900
2023	$695,139	$339,448	$1,812,222	$355,691
2022	$286,379	$256,018	$1,457,690	$30,361
2021	$338,532	$223,226	$1,493,456	$115,306
2020	$323,660	$151,223	$1,305,111	$172,437
2019	$397,387	$291,346	$1,103,892	$106,041
2018	$294,165	$367,154	$1,070,636	$-72,989

House Corp of KS Alpha of Phi Kappa Psi co Adam Dolski