SIXTH DISTRICT OMEGA PSI PHI FRATERNITY INC (EIN 561821485) - 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

1996

Legal Domicile

Principal Officer

WILLIE RAMEY

Phone

9194236230

Tax Period

2023-11-01 to 2024-10-31

SIXTH DISTRICT OMEGA PSI PHI FRATERNITY INC, founded in 1996, is a small nonprofit that reported $763K in total revenue in fiscal year 2023. The organization ran a surplus of $221K, a strong 29% operating margin.

Mission

THE SIXTH DISTRICT IS A CIVIC AND SERVICE ORGANIZATION OF MINORITY COLLEGE EDUCATED MEN THAT ARE AFFILIATED WITH LOCAL CHAPTERS LOCATED IN THE STATES OF SOUTH AND NORTH CAROLINA. THE SIXTH DISTRICT IS PRIMARILY INVOLVED WITH MENTORING MINORITY YOUNG PEOPLE TO BECOME SUCCESSFUL COLLEGE EDUCATED MINORITY MEN. THE SIXTH DISTRICT IS ACTIVE IN LOCAL, STATE AND NATIONAL CIVIC AND SOCIAL AFFAIRS FOR THE ENHANCEMENT OF THE NATIONAL DISTRICT, AS WELL AS THOSE LOCAL COMMUNITIES IN WHICH THE FRATERNITY OPERATES.

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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 $292,362

Program Service Revenue $395,086

Investment Income $5,025

Other Revenue $70,104

TOTAL REVENUE $762,577

Expense Breakdown

Grants Paid $24,532

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $517,324

TOTAL EXPENSES $541,856

Year-over-Year Comparison

	2023	2022	Change
Revenue	$762,577	$728,431	+0.0%
Expenses	$541,856	$492,198	+0.1%
Net Income	$220,721	$236,233	-0.1%

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

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
CEDRIC LUCKEY	44TH DISTRICT REPRESENTATIVE	10.00	Officer	$0	$0	$0
JACOB BAIN	2ND VICE DISTRICT REPRESENTATIVE	10.00	Officer	$0	$0	$0
GARY BUSSEY	1ST VICE DISTRICT REPRESENTATIVE	10.00	Officer	$0	$0	$0
WILLIE RAMEY	DISTRICT KEEPER OF FINANCE	10.00	Officer	$0	$0	$0
TIMOTHY HUNTER	DISTRICT KEEPER OF RECORDS AND SEAL	10.00	Officer	$0	$0	$0
JAMIE BRUNSON	DISTRICT DIRECTOR OF PUBLIC RELATIONS	10.00	Officer	$0	$0	$0
ROBERT HEMBY	ASSISTANT DISTRICT KEEPER OF RECORDS AND SEAL	10.00	Officer	$0	$0	$0
AL WHITE	IMMEDIATE PAST DISTRICT REPRESENTATIVE	10.00	Officer	$0	$0	$0
MELVIN WILLIAMS	DISTRICT CHAPLAIN	10.00	Officer	$0	$0	$0
MICHAEL BOYKIN	DISTRICT COUNSELOR	10.00	Officer	$0	$0	$0
EDDIE WHITE	ASSISTANT DISTRICT KEEPER OF RECORD	10.00	Officer	$0	$0	$0
ANTONIO JONES	BUDGET AND FINANCE CHAIR	10.00	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
2024	$762,577	$541,856	$1,135,074	$220,721
2023	$728,431	$492,198	$914,353	$236,233
2022	$397,504	$296,035	$678,120	$101,469
2021	$283,296	$112,358	$576,651	$170,938
2020	$247,943	$143,017	$405,713	$104,926
2019	$478,316	$435,009	$317,787	$43,307
2018	$495,262	$474,110	$257,480	$21,152

SIXTH DISTRICT OMEGA PSI PHI FRATERNITY INC