KAPPA ALPHA PSI FRATERNITY NORTH C… - Form 990 Financial Data

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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

1911

Legal Domicile

Principal Officer

Walter Miller

Phone

3123435637

Tax Period

2024-10-01 to 2025-09-30

KAPPA ALPHA PSI FRATERNITY NORTH CENTRAL PROVINCE, founded in 1911, is a small nonprofit in the Recreation & Sports sector that reported $393K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $361K left a modest 8% surplus.

Mission

Consistent with the Grand Chapter of Kappa Alpha Psi Fraternity Inc., the North Central Province's objectives are as follows: 1. To unite college men of culture, patriotism, and honor in a bond of fraternity. 2. To encourage honorable achievement in every field of human endeavor. 3. To promote the spiritual, social, intellectual, and moral welfare of members. 4. To assist the aims and purposes of colleges and universities. 5. To inspire service in the public interest.

Program Service Accomplishments

Program 1

Expenses: $176,442 Revenue: $171,999

Membership meetings that include the Conclave, Province Council, Board Meeting to discuss governance matters and the C. Rodger Wilson Leadership conference for undergraduate students.

Program 2

Expenses: $72,638 Revenue: $90,665

MTA Expenses, Undergraduate Support, Awards and Member Services.

Program 3

Expenses: $6,913 Revenue: $0

Kappa Scholars, Kappa Foundation, St. Jude, and Other Donations

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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 $191,726

Program Service Revenue $192,384

Investment Income $9,023

Other Revenue $110

TOTAL REVENUE $393,243

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $255,993

Other Expenses $361,123

TOTAL EXPENSES $361,123

Year-over-Year Comparison

	2024	2023	Change
Revenue	$393,243	$342,407	+0.1%
Expenses	$361,123	$336,806	+0.1%
Net Income	$32,120	$5,601	+4.7%

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
Darren Adams	Province Polemarch	2	Officer Director	$0	$0	$0
Eugene Whitaker	Senior Province Vice Polemarch	2	Officer Director	$0	$0	$0
Walter Miller	Keeper of Exchequer	2	Officer Director	$0	$0	$0
Bond Thomas	Keeper of Records	2	Officer Director	$0	$0	$0
Ethan Bell	Strategus	2	Officer Director	$0	$0	$0
Joshua Jones	Lt Strategus	2	Officer Director	$0	$0	$0
Marquise Belanger	Junior Vice Polemarch	2	Officer Director	$0	$0	$0
Sam Cann	UG Board of Directors	2	Director	$0	$0	$0
Mark Holmes	UG Board of Directors	2	Director	$0	$0	$0
Jerquil Campbell	Alumni Board of Directors	2	Director	$0	$0	$0
Larry Spicer	Alumni Board of Directors	2	Director	$0	$0	$0
Samuel Lofton	Alumni Board of Directors	2	Director	$0	$0	$0
Fred Jones	Alumni Board of Directors	2	Director	$0	$0	$0
Keith Young	Nominating Chair	2	Director	$0	$0	$0
Richmond Briscoe	Reporter	2	Director	$0	$0	$0
Aaron Bell	Historian	2	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	$393,243	$361,123	$411,713	$32,120
2024	$342,407	$336,806	$408,038	$5,601
2023	$353,542	$281,741	$319,456	$71,801
2022	$271,301	$251,228	$194,300	$20,073
2020	$134,370	$121,061	$159,336	$13,309

KAPPA ALPHA PSI FRATERNITY NORTH CENTRAL PROVINCE