PHI KAPPA PSI FRATERNITY TEXAS BETA CHAPTER

EIN: 756037541

LUBBOCK, TX

Total Revenue
$311,845
Total Expenses
$285,970
Total Assets
$48,654
Net Assets
$48,654
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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
1952
Legal Domicile
TX
Principal Officer
GALEN SAVAGE
Phone
4699644150
Tax Period
2023-09-01 to 2024-08-31

PHI KAPPA PSI FRATERNITY TEXAS BETA CHAPTER, founded in 1952, is a small nonprofit that reported $312K in total revenue in fiscal year 2023. Expenses of $286K left a modest 8% surplus.

Mission

LOCAL CHAPTER OF A NATIONAL COLLEGIATE SOCIAL FRATERNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $311,845
Investment Income $0
Other Revenue $0
TOTAL REVENUE $311,845

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $285,970
TOTAL EXPENSES $285,970

Year-over-Year Comparison

2023 2022 Change
Revenue $311,845 $295,630 +0.1%
Expenses $285,970 $299,853 0.0%
Net Income $25,875 $-4,223 -7.1%
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

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Governance

Voting Members
9
Independent Members
N/A
Employees
N/A
Volunteers
16

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
DYLAN BICKLEY CORRESPONDIN N/A
Officer
$0 $0 $0
LANDON OVERMYER PRESIDENT N/A
Officer
$0 $0 $0
GALEN SAVAGE TREASURER N/A
Officer
$0 $0 $0
REAGAN VILMER VICE PRESIDE N/A
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 $311,845 $285,970 $48,654 $25,875
2023 $295,630 $299,853 $22,779 $-4,223
2022 $463,921 $460,599 $27,002 $3,322
2021 $230,721 $227,578 $23,680 $3,143
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