Phi Delta Theta Fraternity Texas D… - 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

1922

Legal Domicile

Principal Officer

McLean Morton

Phone

5135236345

Tax Period

2022-07-01 to 2023-06-30

Phi Delta Theta Fraternity Texas Delta Chapter, founded in 1922, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2022. Revenue surged 61% from the prior year, signaling strong growth momentum.

Mission

Phi Delta Theta Fraternity was established with three (3) principal objectives: The cultivation of friendship among its members, the acquirement individually of a degree of mental culture, and the attainment personally of a high standard of morality. Phi Delta Theta refers to these principles as Friendship, Sound Learning, and Rectitude.

Program Service Accomplishments

Program 1

Revenue: $1,180,835

Program service revenue consists of Membership Dues and Assessments. Such program service revenue is primarily used for: Social Events/Gatherings, Member Education and Enrichment, Recruitment, and...

Program service revenue consists of Membership Dues and Assessments. Such program service revenue is primarily used for: Social Events/Gatherings, Member Education and Enrichment, Recruitment, and Community Service. In addition, Texas Delta also coordinates members' Occupancy and Meal obligations.

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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 (2022)

Revenue Breakdown

Contributions & Grants $56,562

Program Service Revenue $1,180,835

Investment Income $0

Other Revenue $-17,500

TOTAL REVENUE $1,219,897

Expense Breakdown

Grants Paid $56,562

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $1,219,267

TOTAL EXPENSES $1,275,829

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,219,897	$758,071	+0.6%
Expenses	$1,275,829	$725,855	+0.8%
Net Income	$-55,932	$32,216	-2.7%

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

180

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
Jack Fox	President (start Jan 2023)	12	Officer Director	$0	$0	$0
Avery Thomas	President (end Dec 2022)	12	Officer Director	$0	$0	$0
Harrison Zuckerberg	Vice President (start Jan 2023)	12	Officer Director	$0	$0	$0
Antonio Castro	Vice President (end Dec 2022)	12	Officer Director	$0	$0	$0
John Pearson	Treasurer (start Jan 2023)	12	Officer Director	$0	$0	$0
Aiden Click	Treasurer (end Dec 2022)	12	Officer Director	$0	$0	$0
Dusty Raymond	Secretary (start Jan 2023)	2	Officer Director	$0	$0	$0
Jackson Masterson	Secretary (end Dec 2022)	2	Officer Director	$0	$0	$0
Thomas Smythe	Historian (start Jan 2023)	3	Officer Director	$0	$0	$0
Daniel Steckler	Historian (end Dec 2022)	3	Officer 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	No data	No data	No data	No data
2023	$1,219,897	$1,275,829	$13,078	$-55,932
2022	$758,071	$725,855	$69,010	$32,216
2021	$904,784	$992,924	$36,794	$-88,140
2020	$1,274,437	$1,166,130	$124,934	$108,307
2019	$1,265,308	$1,262,056	$16,627	$3,252
2018	$1,114,141	$1,114,141	$13,375	No data
2017	$1,090,434	$1,081,660	$13,774	$8,774

Phi Delta Theta Fraternity Texas Delta Chapter