PHI ALPHA NATIONAL HONOR SOCIETY

EIN: 770705326 501(c)(3)

JOHNSON CITY, TN

Total Revenue
$266,540
Total Expenses
$394,844
Total Assets
$492,168
Net Assets
$492,168
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1960
Legal Domicile
TN
Principal Officer
DR PAUL BAGGETT
Phone
4234397467
Tax Period
2023-07-01 to 2024-06-30

PHI ALPHA NATIONAL HONOR SOCIETY, founded in 1960, is a small nonprofit that reported $267K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $395K exceeded revenue, resulting in a 48% operating deficit.

Mission

THE PURPOSES OF PHI ALPHA HONOR SOCIETY ARE TO PROVIDE A CLOSER BOND AMONG STUDENTS OF SOCIAL WORK AND PROMOTE HUMANITARIAN GOALS AND IDEALS. PHI ALPHA FOSTERS HIGH STANDARDS OF EDUCATION FOR SOCIAL WORKERS AND INVITES INTO MEMBERSHIP THOSE WHO HAVE ATTAINED EXCELLENCE IN SCHOLARSHIP AND ACHIEVEMENT IN SOCIAL WORK.

Program Service Accomplishments

Program 1
Expenses: $306,747 Revenue: $194,230

(1) CHAPTER SERVICE AWARDS - RECOGNIZES OUTSTANDING SERVICE CONDUCTED BY CHAPTERS. FOUR 500.00 AWARDS ARE PRESENTED PER YEAR. PHI ALPHA REIMBURSES UP TO 1,000.00 PER CHAPTER IN TRAVEL EXPENSES TO...

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(1) CHAPTER SERVICE AWARDS - RECOGNIZES OUTSTANDING SERVICE CONDUCTED BY CHAPTERS. FOUR 500.00 AWARDS ARE PRESENTED PER YEAR. PHI ALPHA REIMBURSES UP TO 1,000.00 PER CHAPTER IN TRAVEL EXPENSES TO PARTICIPATE IN THE POSTER PRESENTATION SESSION AT THE PHI ALPHA INTERNATIONAL BUSINESS MEETING AT THE COUNCIL ON SOCIAL WORK EDUCATION ANNUAL PROGRAM MEETING HELD EACH FALL. (2) ADVISOR OF THE YEAR - RECOGNIZES OUTSTANDING SERVICE TO CHAPTERS. ADVISORS ARE NOMINATED BY THEIR STUDENTS. A PLAQUE IS AWARDED. PHI ALPHA REIMBURSES ALL TRAVEL EXPENSE TO RECEIVE THE AWARD AT THE PHI ALPHA INTERNATIONAL BUSINESS MEETING AT THE COUNCL ON SOCIAL WORK EDUCATION ANNUAL PROGRAM MEETING. (3) STUDENT LEADERSHIP AWARDS - RECOGNIZES OUTSTANDING STUDENT LEADERSHIP CONSISTENT WITH THE IDEALS AND MISSION OF PHI ALPHA. THE FOCUS OF THE APPLICATION IS THE STUDENT'S LEADERSHIP, SERVICE, IMPACT, AND COMMITMENT. AWARDS OF 1,000, 750 AMD 500 ARE PRESENTED EACH YEAR. THE FIRST-PLACE SELECTION WILL RECEIVE AN ALL-EXPENSES-PAID TRIP TO RECEIVE THEIR AWARD AT THE PHI ALPHA HONOR SOCIETY INTERNATIONAL BUSINESS MEETING HELD DURING THE COUNCIL ON SOCIAL WORK EDUCATION ANNUAL PROGRAM MEETING HELD EACH FALL. STUDENTS ARE NOMINATED BY THEIR PHI ALPHA CHAPTER ADVISOR. STUDENTS MUST BE ACTIVE LEADERS OF A PHI ALPHA CHAPTER TO BE NOMINATED. (4) PATTY GIBBS-WAHLBERG BSW SCHOLARSHIPS - RECOGNIZES STUDENT SCHOLARSHIP, SERVICE AND LEADERSHIP. AWARDS OF 3,000, 2,000 AND 1,000 ARE PRESENTED EACH YEAR. THE FIRST PLACE WINNER RECEIVES AN ALL-EXPENSES PAID TRIP TO PRESENT HER OR HIS WORK DURING THE PHI ALPHA HONOR SOCIETY INTERNATIONAL BUSINESS MEETING IN CONJUNCTION WITH THE COUNCIL ON SOCIAL WORK EDUCATION ANNUAL PROGRAM MEETING HELD EACH FALL. (5) MSW SCHOLARSHIPS - RECOGNIZES STUDENT SCHOLARSHP, SERVICE AND LEADERSHIP, AWARDS OF 3,000, 2,000 AND 1,000 ARE PRESENTED EACH YEAR. THE FIRST-PLACE WINNER RECEIVES AN ALL-EXPENSES-PAID TRIP TO PRESENT HER OR HIS WORK DURING THE PHI ALPHA HONOR SOCIETY INTERNATIONAL BUSINESS MEETING IN CONJUNCTION WITH THE COUNCIL ON SOCIAL WORK EDUCATION ANNUAL PROGRAM MEETING HELD EACH FALL. (6) DOCTORAL SCHOLARSHIPS - RECOGNIZES STUDENT SCHOLARSHIP, SERVICE AND LEADERSHIP. AWARDS OF 3,000, 2,000 AND 1,000 ARE PRESENTED EACH YEAR. THE FIRST-PLACE WINNER RECEIVES AN ALL-EXPENSES-PAID TRIP TO PRESENT HER OR HIS WORK DURING THE PHI ALPHA HONOR SOCIETY INTERNATIONAL BUSINESS MEETING IN CONJUNCTI9ON WITH COUNCIL ON SOCIAL WORK EDUCATION ANNUAL PROGRAM MEETING HELD EACH FALL. (7) STUDENT MEMBERSHIP SUPPORT - IS DESIGNED FOR STUDENTS, ELIGIBLE FOR PHI ALPHA MEMBERSHIP, WHOSE SITUATION MAKES IT A CHALLENGE TO PAY MEMBERSHIP FEES. EACH CHAPTER MAY REQUEST 2 MEMBERSHIPS PER INDUCTION AT NO COST. CHAPTERS ARE RESPONSIBLE FOR ANY LOCAL CHAPTER FEES. (8) HONORARY MEMBERS - HONORARY MEMBERS SHALL BE PERSONS, OTHER THAN STUDENTS, OUTSIDE THE SOCIETY WHO HAVE PROVIDED DISTINCTIVE CONTRIBUTIONS TO THE FIELD OF SOCIAL WORK. HONORARY MEMBERS ARE GRANTED ONLY BY THE SOLE PERMISSION OF THE SOCIETY. EACH CHAPTER MAY REQUEST 2 MEMBERSHIPS PER INDUCTION AT NO COST. (9) CHAPTER GRANTS - PROMOTES AND SUPPORTS CHAPTERS ENGAGEMENT IN SERVICE LEARNING. THE PROGRAM SUPPORTS ACTIVITIES CONSISTENT WITH THE MISSION OF PROMOTING: (1) HUMANITARIAN GOALS AND (2) BONDS AMONG STUDENTS. CHAPTERS ARE TO BE FUNDED UP TO 1,000 TO CONDUCT SERVICE PROJECTS IN THEIR COMMUNITIES. 6,000 IS AWARDED EACH ACADEMIC YEAR. CHAPTERS SUBMIT A BRIEF ACCOUNT FOLLOWING THE SERVICE PROJECT. (10) CHAPTER SUPPORT - SUPPORTS CHAPTERS IN ORGANIZING MEMBERSHIP AND NEW MEMBER RECRUITMENT. CHAPTERS MAY REQUEST TO RECEIVE UP TO 100 TOWARD A RECRUITMENT EVENT. FUNDS MAY BE USED FOR REFRESHMENTS, MATERIALS, OR OTHER ITEMS. CHAPTER SUPPORT FUNDS ARE NOT PROVIDED FOR AN INDUCTI0N CEREMONY. CHAPTERS SUBMIT A BRIEF ACCOUNT FOLLOWING THE EVENT OR MEETING.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $10,800
Program Service Revenue $194,230
Investment Income $4,677
Other Revenue $56,833
TOTAL REVENUE $266,540

Expense Breakdown

Grants Paid $28,264
Salaries & Benefits $187,837
Fundraising Expenses $0
Program Expenses $306,747
Other Expenses $178,743
TOTAL EXPENSES $394,844

Year-over-Year Comparison

2023 2022 Change
Revenue $266,540 $357,851 -0.3%
Expenses $394,844 $406,253 0.0%
Net Income $-128,304 $-48,402 +1.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
637
Independent Members
637
Employees
N/A
Volunteers
637

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
7
$278,976
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR PAUL BAGGETT EXECUTIVE DI 1.00
Officer
$48,000 $0 $135,665
DR DONNA CHERRY CHIEF OPER. 1.00
Officer
$22,000 $0 $106,411
TAMMY HAMILTON SECRETARY 1.00
Officer
$0 $0 $36,900
DR MIKE BERGHOEF DIRECTOR 1.00
Director
$0 $0 $0
SUSAN BOWDEN DIRECTOR 1.00
Director
$0 $0 $0
DR MARY DALY VICE-PRESIDE 1.00
Officer Director
$0 $0 $0
DR JAY GABBARD DIRECTOR 1.00
Director
$0 $0 $0
SUH CHEN HSIAO TREASURER 1.00
Officer Director
$0 $0 $0
MARIAN MAHAFFEY DIRECTOR 1.00
Director
$0 $0 $0
DR ADDIE MCCAFFERTY PRESIDENT 1.00
Officer Director
$0 $0 $0
DR ROBIN WALTERS-POWELL DIRECTOR 1.00
Director
$0 $0 $0
JANE MAAS-BRADY ASSOCIATE DI 1.00
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
2025 No data No data No data No data
2024 $266,540 $394,844 $492,168 $-128,304
2023 $357,851 $406,253 $610,018 $-48,402
2022 $289,361 $312,531 $656,110 $-23,170
2021 $291,161 $254,636 $671,005 $36,525
2020 $193,028 $330,228 $620,794 $-137,200
2019 $357,879 $286,834 $759,402 $71,045
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