PHI ALPHA NATIONAL HONOR SOCIETY (EIN 770705326) - 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

1960

Legal Domicile

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 MISSION OF PHI ALPHA HONOR SOCIETY IS TO PROVIDE A CLOSER BOND AMONG STUDENTS OF SOCIAL WORK AND PROMOTE HUMANITARIAN GOALS AND IDEAS. 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.

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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 $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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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

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

$278,976

Total Directors

Key Employees

Highest Compensated

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

PHI ALPHA NATIONAL HONOR SOCIETY