XI PHI LAMBDA CHAPTER OF ALPHA PHI ALPHA FRATERNITY INC (EIN 825303064) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

Troy McClain Jr

Tax Period

2023-11-01 to 2024-10-31

XI PHI LAMBDA CHAPTER OF ALPHA PHI ALPHA FRATERNITY INC, founded in 2018, is a small nonprofit in the Education sector that reported $102K in total revenue in fiscal year 2023. The organization ran a surplus of $77K, a strong 76% operating margin.

Mission

The Alpha Excellence Foundation, associated with the Xi Phi Lambda Chapter of Alpha Phi Alpha Fraternity, Inc., is dedicated to supporting educational and leadership development programs within the community. The chapter actively engages in community service, leadership development, and educational initiatives, embodying the fraternity's mission. The Alpha Excellence Foundation, supports educational and leadership development programs. A signature event associated with this foundation is the annual Black Ice Gala, organized by the Xi Phi Lambda Chapter to raise funds for scholarships and community programs. Additionally, the chapter hosts the Martin Luther King, Jr. Oratorical Competition, encouraging youth to engage in public speaking on themes of freedom, justice, and democracy. These activities align with the fraternity's broader mission to develop leaders and promote academic excellence.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $164,906

Program Service Revenue $2,069

Investment Income $24

Other Revenue $-65,219

TOTAL REVENUE $101,780

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,794

Program Expenses $13,589

Other Expenses $24,594

TOTAL EXPENSES $24,594

Year-over-Year Comparison

	2023	2022	Change
Revenue	$101,780	N/A	N/A
Expenses	$24,594	N/A	N/A
Net Income	$77,186	$0	N/A

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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
Kenneth Wilson	Financial Secretary	60.00	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
2024	$101,780	$24,594	$95,429	$77,186
2024	$138,888	$88,253	$138,239	$50,635

XI PHI LAMBDA CHAPTER OF ALPHA PHI ALPHA FRATERNITY INC