Lambda Phi Epsilon National Fraternity
Nonprofit profile at a glance
- EIN
- 371469456
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024, Form 990-EZ 2014
- Location
- Houston, TX, USA
- Phone
- 4024176311
- Rating
- 40
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Domestic Fraternal Societies
Reported finances
- Revenue
- $594,743
- Expenses
- $520,433
- Assets
- $557,040
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- DAVID KIM (President)
- EARL BRYON SOLIS (Vice President)
- JAMES MAYNARD (Vice President)
Highest reported compensation
- ZAC ANTONIUS (Executive Dir.): $63,086 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To promote asian american awareness in our surrounding communities through asian american interest activities.
What it reported doing in 2024
Annual & midyear conventions for planning and to re-evaluate and re-emphasize organizational goals as well as to award chapters that have met and surpassed philanthropical goals of the organization.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 18
- Transparency & Controls: 79
- Accountability: 6
- Sustainability: 59
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 19.3%; rating input score 19
- Program expense ratio: 22.1%; rating input score 22
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 87.5%; rating input score 88; 3rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 5th percentile among comparable filings
- Governance controls: 1 of 7 controls in place; rating input score 14
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 12.5%; rating input score 66; 66th percentile among comparable filings
- Total-asset coverage ratio: 1.07; rating input score 45; 45th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
- Officer compensation ratio: 12.1%; rating input score 30; 30th percentile among comparable filings
Growth
- Program expense growth: 1.9% per year; rating input score 100; 26th percentile among comparable filings
- Revenue growth: 7.7% per year; rating input score 100; 58th percentile among comparable filings
- Asset growth: 13.9% per year; rating input score 100; 70th percentile among comparable filings
Details
- Where the money goes: 19.3% of revenue deployed · 22.1% of spending went to programs
- Governance: 0 of 5 board members independent · 1 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $102K in reported program spending
- Leadership: top reported pay $63K · 6 people listed
- Consistency: 19 of 20 current checks pass · 1 finding to review
- Schedules: 1 filed schedules
- Filing history: 12 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 19/100.
- High — Financial Efficiency: Program expense ratio scored 22/100.
- High — Accountability: Independent voting board scored 0/100.
- High — Accountability: Governance controls: 5 of 6 not reported.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- Moderate — Sustainability: Total-asset coverage ratio scored 45/100.
- Moderate — Sustainability: Officer compensation ratio scored 30/100.