Iron Phi Foundation (EIN 921479885) - 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

2022

Legal Domicile

Phone

5235236345

Tax Period

2024-01-01 to 2024-06-30

Iron Phi Foundation, founded in 2022, is a small nonprofit that reported $406K in total revenue in fiscal year 2024. Revenue fell 55% from the prior year — a significant decline worth monitoring.

Mission

To strengthen the Phi Delta Theta International Fraternity and the impact it has on the fight against Lou Gehrig's disease ALS through the fundraising and athletic efforts of its people.

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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 (2024)

Revenue Breakdown

Contributions & Grants $406,395

Program Service Revenue $0

Investment Income $5

Other Revenue $0

TOTAL REVENUE $406,400

Expense Breakdown

Grants Paid $285,641

Salaries & Benefits $0

Fundraising Expenses $46,915

Program Expenses $336,269

Other Expenses $120,759

TOTAL EXPENSES $406,400

Year-over-Year Comparison

	2024	2023	Change
Revenue	$406,400	$896,234	-0.5%
Expenses	$406,400	$899,143	-0.5%
Net Income	$0	$-2,909	-1.0%

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

Employees

N/A

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

$70,699

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steven J Good	Executive Dir.	30.00	Officer	$0	$2,357	$70,699
Brian D Dunn	Trustee	1.00	Director	$0	$0	$0
Michael S Hyatt	Trustee	1.00	Director	$0	$0	$0
John Andrew Miller	Trustee	1.00	Director	$0	$0	$0
Frederick D Reimer	Chairman	1.00	Officer Director	$0	$0	$0
Frederick B Schultz	Trustee	1.00	Director	$0	$0	$0
Thomas A Balzer	Trustee	1.00	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
2025	No data	No data	No data	No data
2024	$406,400	$406,400	$167,239	No data
2023	$896,234	$899,143	$259,110	$-2,909

Iron Phi Foundation