ALPHA OMICRON OF CHI PSI CORPORATION

EIN: 541075110

CHESAPEAKE, VA

Total Revenue
$-42,138
Total Expenses
$23,812
Total Assets
$2,285,321
Net Assets
$1,352,777
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
VA
Principal Officer
ANDREW CALLAHAN
Phone
5404370019
Tax Period
2024-10-01 to 2025-09-30

Alpha Omicron of Chi Psi Corporation, founded in 1979, is a micro nonprofit that reported $79K in total revenue in fiscal year 2017. Revenue fell 51% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $59K, a strong 74% operating margin.

Mission

FRATERNITY ALUMNI CORPORATION, WHICH PROVIDES HOUSING TO MEMBERS OF THE CHI PSI FRATERNITY AT THE UNIVERSITY OF VIRGINIA.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $23,060
Program Service Revenue $0
Investment Income $8,232
Other Revenue $-73,430
TOTAL REVENUE $-42,138

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $20,186
TOTAL EXPENSES $23,812

Year-over-Year Comparison

2024 2023 Change
Revenue $-42,138 $129,278 -1.3%
Expenses $23,812 $146,472 -0.8%
Net Income $-65,950 $-17,194 +2.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
21
Independent Members
21
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
5
$0
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN ELLER PRESIDENT 0.50
Officer Director
$0 $0 $0
WILLIAM SPOTSWOOD VICE-PRESIDENT 0.20
Officer Director
$0 $0 $0
ANDREW CALLAHAN TREASURER 0.20
Officer Director
$0 $0 $0
BRIAN CASTLE SECRETARY 0.20
Officer Director
$0 $0 $0
ALAN FRANKLIN LODGE MANAGER 0.20
Officer Director
$0 $0 $0
MARK BOTKIN DIRECTOR 0.20
Director
$0 $0 $0
JOHN HECKLINGER DIRECTOR 0.20
Director
$0 $0 $0
JOE E BAILEY DIRECTOR 0.20
Director
$0 $0 $0
ROB ROBERTSON DIRECTOR 0.20
Director
$0 $0 $0
PAUL WRIGHT DIRECTOR 0.20
Director
$0 $0 $0
LAMONT MADDOX DIRECTOR 0.20
Director
$0 $0 $0
CHIP CUNNINGHAM DIRECTOR 0.20
Director
$0 $0 $0
CLARK SMITH DIRECTOR 0.20
Director
$0 $0 $0
ERIC LAMP DIRECTOR 0.20
Director
$0 $0 $0
JIM IRVING DIRECTOR 0.20
Director
$0 $0 $0
ANDREW CARDWELL DIRECTOR 0.20
Director
$0 $0 $0
HUNTER NOBLES DIRECTOR 0.20
Director
$0 $0 $0
CARLTON HIGBY DIRECTOR 0.20
Director
$0 $0 $0
JIM OLD DIRECTOR 0.20
Director
$0 $0 $0
TOM SUSA DIRECTOR 0.20
Director
$0 $0 $0
BOBBY ALEXANDER DIRECTOR 0.20
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 $-42,138 $23,812 $2,285,321 $-65,950
2024 $129,278 $146,472 $2,379,234 $-17,194
2023 $223,939 $205,628 $2,425,444 $18,311
2022 $199,069 $224,330 $2,417,610 $-25,261
2021 $36,453 $10,200 $1,442,871 $26,253
2020 $77,718 $10,029 $1,418,558 $67,689
2019 $293,801 $15,419 $1,362,332 $278,382
2018 $79,409 $20,598 $1,078,063 $58,811
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