MAINE CHILDREN'S SCHOLARSHIP FUND

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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

2000

Legal Domicile

Principal Officer

CHRISTINE PICARD

Phone

2079485321

Tax Period

2024-09-01 to 2025-08-31

MAINE CHILDREN'S SCHOLARSHIP FUND, founded in 2000, is a micro nonprofit in the Education sector that reported $44K in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $153K exceeded revenue, resulting in a 250% operating deficit.

Mission

MCSF MISSION IS TO INCREASE THE EDUCATIONAL OPPORTUNITIES AND INCREASE THE PARENTAL INVOLVEMENT FOR THE CHILDERN OF LOW INCOME FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $152,434

THE MCSF ACCOMPLISHMENTS FOR THE YEAR WAS TO PROVIDE TUITION TO STUDENTS THAT MET OUR INCOME GUIDELINES AND WERE CHOSEN IN A RANDOM SELECTION.

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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 $739

Program Service Revenue $0

Investment Income $43,057

Other Revenue $0

TOTAL REVENUE $43,796

Expense Breakdown

Grants Paid $87,694

Salaries & Benefits $43,702

Fundraising Expenses $492

Program Expenses $152,434

Other Expenses $22,022

TOTAL EXPENSES $153,418

Year-over-Year Comparison

	2024	2023	Change
Revenue	$43,796	$72,109	-0.4%
Expenses	$153,418	$166,161	-0.1%
Net Income	$-109,622	$-94,052	+0.2%

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

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

$20,272

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETSY CHAPMAN	PRESIDENT	10.00	Officer Director	$0	$0	$0
KATHY DOWLING	TREASURER	10.00	Officer Director	$0	$0	$0
HELEN CROWLEY	SECRETARY	10.00	Officer Director	$0	$0	$0
CHRISTINE PICARD	PROGRAM DIRE	40.00	Officer	$20,272	$0	$20,272

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	$43,796	$153,418	$1,671,149	$-109,622
2024	$72,109	$166,161	$1,666,380	$-94,052
2023	$27,277	$163,330	$1,550,774	$-136,053
2022	$110,331	$181,323	$1,514,842	$-70,992
2021	$48,768	$162,689	$2,064,295	$-113,921
2019	$176,874	$134,484	$1,594,602	$42,390