ALPHA OMEGA CHAPTER OF THE OMEGA PSI PHI FRATERNITY INC

EIN: 526055282

Washington, DC

Total Revenue
$136,911
Total Expenses
$106,943
Total Assets
$500,005
Net Assets
$500,005
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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
1922
Legal Domicile
DC
Phone
2027262630
Tax Period
2022-11-01 to 2023-10-31

ALPHA OMEGA CHAPTER OF THE OMEGA PSI PHI FRATERNITY INC, founded in 1922, is a small nonprofit that reported $137K in total revenue in fiscal year 2022. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $30K, a strong 22% operating margin.

Mission

TO BRING ABOUT THE UNION OF COLLEGE MEN ATTAINMENT OF IDEAS AND AMBITIONS OF ITS MEMBERS, COMUNITY, NATION, AND HUMANITY

Program Service Accomplishments

Program 1

ATTAINMENT OF IDEAS AND AMBITIONS OF ITS MEMBERS, COMUNITY, NATION, AND HUMANITY

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $129,296
Investment Income $25
Other Revenue $7,590
TOTAL REVENUE $136,911

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $106,943
TOTAL EXPENSES $106,943

Year-over-Year Comparison

2022 2021 Change
Revenue $136,911 $113,674 +0.2%
Expenses $106,943 N/A N/A
Net Income $29,968 $113,674 -0.7%
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

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Governance

Voting Members
4
Independent Members
N/A
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Frank Borris II President 0.00
Officer
$0 $0 $0
Wendell Bugg Vice President 0.00
Officer
$0 $0 $0
Kenneth Evans Treasurer 0.00
Officer
$0 $0 $0
Eric Carter Secretary 0.00
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
2023 $136,911 $106,943 $500,005 $29,968
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