Omega Delta Phi Fraternity Inc
Nonprofit profile at a glance
- EIN
- 384253859
- IRS 990 coverage
- 2023–2024
- Forms available
- Form 990 2024
- Location
- Mc Kinney, TX, USA
- Phone
- 9568274562
- Rating
- 62
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Recreational l Clubs
Reported finances
- Revenue
- $296,965
- Expenses
- $311,191
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- RudyRamirez (National Alumni President)
- Gabriel Hernandez (National Undergrad President)
People named in this filing
- Michael Taddesse (Board Chairman)
- Jesus Apodaca (Board Vice Chairman)
- RudyRamirez (National Alumni President)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The purpose of this Brotherhood, a service/social fraternity shall be to dedicate ourselves to the needs and concerns of the surrounding communities and promote and maintain the traditional values of UNITY, HONESTY, INTEGRITY, and LEADERSHIP. This Brotherhood is a Hispanic founded fraternity that exists in order to provide any man a diverse fraternal experience which coincides with a higher education. Since its beginning in 1987, Omega Delta Phi has been an organization perpetually dedicated to the idea of constant growth and improvement. As such, we face the new challenges of tomorrow with a growing sense of optimism and newfound awareness that good will not be good enough. We must work to form an organization which not only challenges the traditional perception of fraternities, but also one with deals with the issues of culture and race for a completely new perspective.
What it reported doing in 2024
Omega Delta Phi hosts annual and regional educational conferences that provide leadership training, academic support workshops, and professional development for undergraduate and alumni members. These events advance the organizations mission of promoting education, leadership, and community involvement among its members.
Operating model
- Revenue model
- Membership-supported. 84% of the money available for current operations came from membership dues.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. 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: 21
- Transparency & Controls: 100
- Accountability: 94
- Sustainability: 22
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 23.5%; rating input score 24
- Program expense ratio: 22.1%; rating input score 22
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th 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: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 7 controls in place; rating input score 86
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -4.8%; rating input score 29; 29th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 21.8% per year; rating input score 100; 86th percentile among comparable filings
- Revenue growth: 33.3% per year; rating input score 100; 94th percentile among comparable filings
- Asset growth: Limited
Details
- Where the money goes: 23.5% of revenue deployed · 22.1% of spending went to programs
- Governance: 14 of 14 board members independent · 6 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $70K in reported program spending
- Leadership: top reported pay $0 · 14 people listed
- Consistency: 15 of 15 current checks pass
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- 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 24/100.
- High — Financial Efficiency: Program expense ratio scored 22/100.
- High — Sustainability: Operating margin scored 29/100.
- High — Sustainability: Total-asset coverage ratio scored 1/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.