Omega Psi Phi Fraternity Inc - Pi Omega Chapter (EIN 520784751) - 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

1970

Legal Domicile

Principal Officer

Eric Brown

Phone

4438653063

Tax Period

2023-11-01 to 2024-10-31

Omega Psi Phi Fraternity Inc - Pi Omega Chapter, founded in 1970, is a micro nonprofit that reported $100K in total revenue in fiscal year 2023. Expenses of $148K exceeded revenue, resulting in a 49% operating deficit.

Mission

To enrich the community by providing Scholarship, Mentoring and Uplift Programs

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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 $25,783

Program Service Revenue $0

Investment Income $0

Other Revenue $74,115

TOTAL REVENUE $99,898

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,000

Fundraising Expenses $0

Program Expenses $136,252

Other Expenses $140,372

TOTAL EXPENSES $148,372

Year-over-Year Comparison

	2023	2022	Change
Revenue	$99,898	$94,472	+0.1%
Expenses	$148,372	$74,042	+1.0%
Net Income	$-48,474	$20,430	-3.4%

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

175

Independent Members

175

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
Eric Moby Brown	Basileus	035.00	Director	$0	$0	$0
George Hendricks Jr	Vice Basileus	020.00	Director	$0	$0	$0
Desmond A Carter-Bey	Keeper of Record and Seal	020.00	Director	$0	$0	$0
Brian Hairston	Keeper of Finance	010.00	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
2024	$99,898	$148,372	$55,426	$-48,474
2023	$94,472	$74,042	$88,144	$20,430
2022	$64,696	$56,789	$34,799	$7,907
2021	$28,309	$27,218	$19,463	$1,091
2020	$24,737	$44,665	$21,392	$-19,928

Omega Psi Phi Fraternity Inc - Pi Omega Chapter