PHI KAPPA PSI FRATERNITY

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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

1914

Legal Domicile

Principal Officer

William Kerechek

Phone

2065277900

Tax Period

2022-09-01 to 2023-08-31

PHI KAPPA PSI FRATERNITY, founded in 1914, is a small nonprofit that reported $423K in total revenue in fiscal year 2022. Revenue decreased 18% compared to the prior year.

Mission

WASHINGTON ALPHA CHAPTER OF PHI KAPPA PSI PROVIDES AN ENVIRONMENT FOR EDUCATION, GROWTH, AND PERSONAL DEVELOPMENT OF UNDERGRADUATE BROTHERS DURING COLLEGE AND THROUGHOUT LIFE.

Program Service Accomplishments

Program 1

PHI KAPPA PSI WA ALPHA CHAPTER HAS PROVIDED ITS MEMBERS WITH ROOM AND BOARD AND A BROTHERLY ENVIRONMENT THAT HAS SIGNIFICANT VALUE AND HAS CONTRIBUTED TO THE COLLEGIATE UNDERGRADUATE EXPERIENCE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $423,332

Investment Income $0

Other Revenue $0

TOTAL REVENUE $423,332

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $443,647

TOTAL EXPENSES $443,647

Year-over-Year Comparison

	2022	2021	Change
Revenue	$423,332	$518,055	-0.2%
Expenses	$443,647	$578,011	-0.2%
Net Income	$-20,315	$-59,956	-0.7%

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
Matthew Anglin	President	4	Officer	$0	$0	$0
James Boyle	Secretary	1	Officer	$0	$0	$0
William kerechek	Treasurer	2	Officer	$0	$0	$0
Anthony Wiegering	Volunteer	1	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	$423,332	$443,647	$189,789	$-20,315
2022	$518,055	$578,011	$232,256	$-59,956
2021	$510,039	$491,997	$320,866	$18,042
2020	$409,279	$491,216	$273,551	$-81,937
2019	$653,116	$520,815	$380,608	$132,301
2018	$809,459	$769,776	$272,614	$39,683
2017	$649,056	$712,599	$254,768	$-63,543