RHO CHI SOCIETY

EIN: 843646684 501(c)(3)

ANN ARBOR, MI

Total Revenue
$249,659
Total Expenses
$204,588
Total Assets
$981,447
Net Assets
$981,447
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
MI
Principal Officer
KAREN B FARRIS
Phone
7346154898
Tax Period
2024-01-01 to 2024-12-31

RHO CHI SOCIETY, founded in 2019, is a small nonprofit that reported $250K in total revenue in fiscal year 2024. The organization ran a surplus of $45K, a strong 18% operating margin.

Mission

AS THE ACADEMIC HONOR SOCIETY IN PHARMACY, THE RHO CHI SOCIETY: ENCOURAGES AND RECOGNIZES INTELLECTUAL ACHIEVEMENT STIMULATES CRITICAL INQUIRY TO ADVANCE PHARMACY CONTRIBUTES TO THE DEVELOPMENT OF INTELLECTUAL LEADERS PROMOTES HIGHEST ETHICAL STANDARDS FOSTERS COLLABORATION

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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 (2024)

Revenue Breakdown

Contributions & Grants $173,331
Program Service Revenue $50,160
Investment Income $17,410
Other Revenue $8,758
TOTAL REVENUE $249,659

Expense Breakdown

Grants Paid $0
Salaries & Benefits $126,271
Fundraising Expenses $0
Program Expenses $54,246
Other Expenses $78,317
TOTAL EXPENSES $204,588

Year-over-Year Comparison

2024 2023 Change
Revenue $249,659 $245,691 +0.0%
Expenses $204,588 $213,892 0.0%
Net Income $45,071 $31,799 +0.4%
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
7
Independent Members
N/A
Employees
2
Volunteers
N/A

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
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN P BENTLEY TREASURER 1.00
Officer Director
$0 $0 $0
KAREN B FARRIS EXEC VICE PR 2.00
Officer Director
$0 $0 $0
JELENA LEWIS SECRETARY 1.00
Officer Director
$0 $0 $0
CYNTHIA M PHILLIPS HISTORIAN 1.00
Officer Director
$0 $0 $0
ANDREW SMITH PRESIDENT 1.00
Officer Director
$0 $0 $0
AMANDA STAHNKE PRESIDENT EL 1.00
Officer Director
$0 $0 $0
LUCIO VOLINO PAST PRESIDE 1.00
Officer Director
$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 $249,659 $204,588 $981,447 $45,071
2023 $245,691 $213,892 $875,793 $31,799
2022 $295,014 $240,379 $767,511 $54,635
2021 $342,876 $213,084 $792,657 $129,792
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