RICHARD D MCDONOUGH SCHOLARSHIP FOUNDATION

EIN: 026012491 501(c)(3)

MANCHESTER, NH

Total Revenue
$583,396
Total Expenses
$279,743
Total Assets
$1,895,629
Net Assets
$1,895,529
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1956
Legal Domicile
NH
Principal Officer
BRIAN HAYWARD
Phone
6036275360
Tax Period
2024-01-01 to 2024-12-31

RICHARD D MCDONOUGH SCHOLARSHIP FOUNDATION, founded in 1956, is a small nonprofit that reported $583K in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $304K, a strong 52% operating margin.

Mission

THE FOUNDATION GRANTS SCHOLARSHIPS TO COLLEGE AGE INDIVIDUALS WHO HAVE WORKED AT A GOLF COURSE IN NH.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $320,460
Program Service Revenue $0
Investment Income $80,779
Other Revenue $182,157
TOTAL REVENUE $583,396

Expense Breakdown

Grants Paid $182,000
Salaries & Benefits $62,913
Fundraising Expenses $0
Program Expenses $182,000
Other Expenses $34,830
TOTAL EXPENSES $279,743

Year-over-Year Comparison

2024 2023 Change
Revenue $583,396 $434,313 +0.3%
Expenses $279,743 $231,154 +0.2%
Net Income $303,653 $203,159 +0.5%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
16
Independent Members
16
Employees
1
Volunteers
16

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
5
$58,361
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM KRUEGER PRESIDENT 10.00
Officer Director
$0 $0 $0
KEVIN KEYES VICE PRESIDE 10.00
Officer Director
$0 $0 $0
BRIAN HAYWARD TREASURER 10.00
Officer Director
$0 $0 $0
TYLER BUTLER SECRETARY 10.00
Officer Director
$0 $0 $0
KEITH BOYLE DIRECTOR 5.00
Director
$0 $0 $0
LAURIE ETHIER DIRECTOR 5.00
Director
$0 $0 $0
WILLIAM EVERETT DIRECTOR 5.00
Director
$0 $0 $0
TOM MCCOY DIRECTOR 5.00
Director
$0 $0 $0
DANIEL MULKERN DIRECTOR 5.00
Director
$0 $0 $0
JEFF ROUNSAVILLE DIRECTOR 5.00
Director
$0 $0 $0
GEORGE SLYMAN DIRECTOR 5.00
Director
$0 $0 $0
PETER SMITH DIRECTOR 5.00
Director
$0 $0 $0
TYLER WALSH DIRECTOR 5.00
Director
$0 $0 $0
GLENN WALTON DIRECTOR 5.00
Director
$0 $0 $0
BRETT WILSON DIRECTOR 5.00
Director
$0 $0 $0
JOHN WOLKOWSKI DIRECTOR 5.00
Director
$0 $0 $0
LISA KRESS EXECUTIVE DI 40.00
Officer
$58,361 $0 $58,361
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 $583,396 $279,743 $1,895,629 $303,653
2023 $434,313 $231,154 $1,496,441 $203,159
2022 $301,775 $200,707 $1,232,485 $101,068
2021 $292,325 $179,094 $1,285,504 $113,231
2020 $282,249 $134,188 $1,097,653 $148,061
2019 $185,434 $141,863 $858,342 $43,571
2018 $196,698 $135,096 $699,302 $61,602
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