SCHOLARSHIP AMERICA INC (EIN 042296967) - 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

1961

Legal Domicile

Principal Officer

MICHAEL NYLUND

Phone

9528307396

Tax Period

2024-01-01 to 2024-12-31

SCHOLARSHIP AMERICA INC, founded in 1961, is a major nonprofit in the Education sector that reported $259.9M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $243.3M left a modest 6% surplus.

Mission

ELIMINATE BARRIERS TO EDUCATIONAL SUCCESS SO THAT ANY STUDENT CAN PURSUE THEIR DREAM.

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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 $236,962,745

Program Service Revenue $15,480,096

Investment Income $7,440,379

Other Revenue $-22,974

TOTAL REVENUE $259,860,246

Expense Breakdown

Grants Paid $220,776,739

Salaries & Benefits $14,674,148

Fundraising Expenses $2,106,295

Program Expenses $229,805,109

Other Expenses $7,854,536

TOTAL EXPENSES $243,305,423

Year-over-Year Comparison

	2024	2023	Change
Revenue	$259,860,246	$240,271,340	+0.1%
Expenses	$243,305,423	$234,740,961	+0.0%
Net Income	$16,554,823	$5,530,379	+2.0%

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

236

Volunteers

9500

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

$674,709

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MANEY	CHAIR OF THE BOARD OF TRUSTEES	5.00	Officer Director	$0	$0	$0
TREASA BOWERS SECRETARY	COMPENSATION COMMITTEE CHAIR	5.00	Director	$0	$0	$0
MUNEERA CARR	AUDIT COMMITTEE CHAIR	5.00	Director	$0	$0	$0
HAZEL MCNEILAGE	TREASURER, FINANCE & INVESTMENT COMMITTEE CHAIR	5.00	Officer Director	$0	$0	$0
JIM DLUGOS	GOVERNANCE COMMITTEE CHAIR	5.00	Director	$0	$0	$0
SALMAN RAVALA	GROWTH COMMITTEE CHAIR	5.00	Director	$0	$0	$0
BARBARA MCBEE	HRT CHAIR PRO TEM	3.00	Director	$0	$0	$0
TINA LEE	PAST CHAIR	3.00	Officer Director	$0	$0	$0
ALAIN KARAOGLAN	TRUSTEE	3.00	Director	$0	$0	$0
ANGEL PEREZ	TRUSTEE	3.00	Director	$0	$0	$0
AUTUMN MANNING	TRUSTEE	3.00	Director	$0	$0	$0
BILL YOUNG	TRUSTEE	3.00	Director	$0	$0	$0
DANIEL LEE	TRUSTEE	3.00	Director	$0	$0	$0
DICK SCHWAB	TRUSTEE	3.00	Director	$0	$0	$0
JOE PALOMBO	TRUSTEE	3.00	Director	$0	$0	$0
LUCINDA ROBB	TRUSTEE	3.00	Director	$0	$0	$0
SAMATA NARRA	TRUSTEE	3.00	Director	$0	$0	$0
SANTIAGO MARQUEZ	TRUSTEE	3.00	Director	$0	$0	$0
MICHAEL NYLUND	PRESIDENT AND CEO	40.00	Officer	$330,541	$33,895	$364,436
RICHARD GREENE	CHIEF FINANCIAL OFFICER	40.00	Officer	$262,417	$47,856	$310,273
ABIGAIL SELDIN	CHIEF GROWTH OFFICER	40.00	Highest	$245,632	$11,686	$257,318
JENNIFER MENKE	VICE PRESIDENT, HUMAN RESOURCES	40.00	Highest	$207,879	$30,561	$238,440
KIMBERLY HANSON	VICE PRESIDENT, PARTNER SOLUTIONS	40.00	Highest	$196,552	$27,454	$224,006
JONELL SANCHEZ	CHIEF PRODUCT AND TECHNOLOGY OFFICER	40.00	Highest	$191,348	$7,548	$198,896
NICHOLAS LEONARD MASON	GENERAL COUNSEL	40.00	Highest	$149,569	$28,064	$177,633

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	$259,860,246	$243,305,423	$194,413,585	$16,554,823
2023	$240,271,340	$234,740,961	$172,303,174	$5,530,379
2023	$240,271,340	$234,740,961	$172,303,174	$5,530,379
2022	$222,521,699	$217,322,589	$168,435,471	$5,199,110
2021	$217,380,140	$207,417,115	$171,886,443	$9,963,025
2020	$196,558,508	$201,098,373	$150,354,223	$-4,539,865
2019	$206,274,453	$201,280,661	$147,610,318	$4,993,792
2018	$186,759,603	$189,416,946	$137,654,974	$-2,657,343

SCHOLARSHIP AMERICA INC