BETA PSI 1923 FOUNDATION INC (EIN 813917678) - 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

2016

Legal Domicile

Principal Officer

Herbert McCoy

Phone

6785241468

Tax Period

2023-01-01 to 2023-12-31

BETA PSI 1923 FOUNDATION INC, founded in 2016, is a small nonprofit in the Education sector that reported $211K in total revenue in fiscal year 2023. Revenue surged 416% from the prior year, signaling strong growth momentum. Expenses of $239K exceeded revenue, resulting in a 13% operating deficit.

Mission

The Beta Psi 1923 Foundation Inc is a 501(c) 3 nonprofit organization whose expressed purpose is to fund scholarships & endowments while developing a legacy of financial support through donations and fundraising for matriculating students at Clark Atlanta University.

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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 $210,560

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $210,560

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $127,841

Program Expenses $0

Other Expenses $238,577

TOTAL EXPENSES $238,577

Year-over-Year Comparison

	2023	2022	Change
Revenue	$210,560	$40,802	+4.2%
Expenses	$238,577	N/A	N/A
Net Income	$-28,017	$40,802	-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

Independent Members

N/A

Employees

N/A

Volunteers

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
Nat Scurry	Senior Director	5	Director	$0	$0	$0
Horace Austin	Senior Director	15	Director	$0	$0	$0
Jeffery Jones	Director	5	Director	$0	$0	$0
Marco Clark	Director	15	Director	$0	$0	$0
Harrison Bentley	Director	5	Director	$0	$0	$0
Darryl Johnson	Board Chairman	20	Officer	$0	$0	$0
Fred D Mitchell	Vice Chairman	15	Officer	$0	$0	$0
Leon Smith	Vice Chairman	15	Officer	$0	$0	$0
Herbert McCoy	Treasurer	15.00	Officer	$0	$0	$0
Christian Smith	Secretary	10	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
2023	$210,560	$238,577	$23,687	$-28,017

BETA PSI 1923 FOUNDATION INC