WELLESLEY SCHOLARSHIP FOUNDATION INC (EIN 042392419) - 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

1951

Legal Domicile

Principal Officer

NIKI BRINKMAN-OFENLACH

Phone

6176767901

Tax Period

2023-07-01 to 2024-06-30

WELLESLEY SCHOLARSHIP FOUNDATION INC, founded in 1951, is a small nonprofit that reported $223K in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $401K exceeded revenue, resulting in a 80% operating deficit.

Mission

TO EMPOWER ALL WELLESLEY RESIDENTS AS WELL AS GRADUATES OF WELLESLEY HIGH SCHOOL TO REACH THEIR HIGHEST POTENTIAL BY PROVIDING FINANCIAL ASSISTANCE FOR POST-SECONDARY EDUCATION.

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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 $131,986

Program Service Revenue $0

Investment Income $90,564

Other Revenue $0

TOTAL REVENUE $222,550

Expense Breakdown

Grants Paid $381,637

Salaries & Benefits $0

Fundraising Expenses $4,910

Program Expenses $381,637

Other Expenses $19,269

TOTAL EXPENSES $400,906

Year-over-Year Comparison

	2023	2022	Change
Revenue	$222,550	$377,464	-0.4%
Expenses	$400,906	$452,015	-0.1%
Net Income	$-178,356	$-74,551	+1.4%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA COLLINS	PRESIDENT	1.50	Officer Director	$0	$0	$0
NIKI BRINKMAN-OFENLACH	TREASURER	1.50	Officer Director	$0	$0	$0
MASON SMITH	SECRETARY	0.50	Officer Director	$0	$0	$0
STACY BRAATZ	TRUSTEE	0.50	Director	$0	$0	$0
MARIA CONCETTA BURTON	TRUSTEE	0.75	Director	$0	$0	$0
CHRIS CAVALLERANO	TRUSTEE	0.50	Director	$0	$0	$0
JAMIE CHISUM	TRUSTEE	0.50	Director	$0	$0	$0
BETH COOK	TRUSTEE	1.50	Director	$0	$0	$0
DAN GROSS	TRUSTEE	0.50	Director	$0	$0	$0
SABREENA KROPP	TRUSTEE	0.50	Director	$0	$0	$0
DAVID LUSSIER	TRUSTEE	0.50	Director	$0	$0	$0
DREW SPANGLER	TRUSTEE	0.50	Director	$0	$0	$0
NERINE WARASTA	TRUSTEE	0.50	Director	$0	$0	$0
SHELLY WARD	TRUSTEE	0.50	Director	$0	$0	$0
ADRIAN WONG	TRUSTEE	0.50	Director	$0	$0	$0
KELTY WHITE	TRUSTEE	0.50	Director	$0	$0	$0
MYRA TUCKER	TRUSTEE	0.50	Director	$0	$0	$0
JEN MOCK	TRUSTEE	0.50	Director	$0	$0	$0
JEN PATRIACCA	TRUSTEE	0.50	Director	$0	$0	$0
MEGAN FOLEY	TRUSTEE	0.50	Director	$0	$0	$0
SUE MANGIACOTTI	TRUSTEE	0.50	Director	$0	$0	$0
JACKIE HENDRIX	TRUSTEE	0.75	Director	$0	$0	$0
MATE CONVERSE	TRUSTEE	0.75	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
2025	No data	No data	No data	No data
2024	$222,550	$400,906	$8,321,308	$-178,356
2023	$377,464	$452,015	$7,298,183	$-74,551
2023	$325,777	$451,789	$7,298,183	$-126,012
2022	$458,040	$397,785	$6,869,832	$60,255
2021	$250,191	$375,618	$8,181,511	$-125,427
2020	$-32,653	$230,004	$6,667,477	$-262,657
2019	$593,717	$370,673	$6,434,065	$223,044
2018	$1,292,705	$364,207	$6,454,285	$928,498

WELLESLEY SCHOLARSHIP FOUNDATION INC