UNITED ASSOCIATION SCHOLARSHIP TRUST (EIN 016241467) - 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

2005

Legal Domicile

Principal Officer

PATRICK KELLETT

Phone

4102692000

Tax Period

2023-01-01 to 2023-12-31

UNITED ASSOCIATION SCHOLARSHIP TRUST, founded in 2005, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 1652% from the prior year, signaling strong growth momentum. The organization ran a surplus of $986K, a strong 69% operating margin.

Mission

THE UA SCHOLARSHIP TRUST WAS ESTABLISHED FOR THE CHARITABLE AND EDUCATIONAL PURPOSES OF AWARDING SCHOLARSHIPS TO DEPENDENTS OF UA MEMBERS

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,406,677

Program Service Revenue $0

Investment Income $0

Other Revenue $12,267

TOTAL REVENUE $1,418,944

Expense Breakdown

Grants Paid $177,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $433,412

Other Expenses $255,912

TOTAL EXPENSES $433,412

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,418,944	$81,012	+16.5%
Expenses	$433,412	$221,000	+1.0%
Net Income	$985,532	$-139,988	-8.0%

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

Total Directors

$1,805,885

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK MCMANUS	TRUSTEE	1.00	Director	$0	$155,103	$651,303
MICHAEL PLEASANT	TRUSTEE	1.00	Director	$0	$139,698	$579,017
BART MCCARTIN	TRUSTEE	1.00	Director	$0	$0	$0
PATRICK KELLETT	TRUSTEE	1.00	Director	$0	$139,698	$575,565
MICHAEL MCPARLAN	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
2024	No data	No data	No data	No data
2023	$1,418,944	$433,412	$1,755,694	$985,532
2022	$81,012	$221,000	$770,162	$-139,988
2021	$489,311	$227,524	$912,650	$261,787
2020	$24,793	$202,500	$648,363	$-177,707
2019	$79,567	$216,500	$826,070	$-136,933
2018	$58,398	$204,750	$963,003	$-146,352

UNITED ASSOCIATION SCHOLARSHIP TRUST