THE SCHOLARSHIP FOUNDATION OF WAKEFIELD INC (EIN 042444195) - 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

JOHN J LANDERS JR

Phone

7812454890

Tax Period

2024-01-01 to 2024-12-31

THE SCHOLARSHIP FOUNDATION OF WAKEFIELD INC, founded in 1961, is a community nonprofit in the Education sector that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 64% from the prior year, signaling strong growth momentum. The organization ran a surplus of $956K, a strong 49% operating margin.

Mission

IT IS THE MISSION OF THE SCHOLARSHIP FOUNDATION OF WAKEFIELD (TSFW) TO RAISE AND ADMINISTER FUNDS FOR SCHOLARSHIPS TO INSTITUTIONS OF HIGHER LEARNING FOR RESIDENTS OF THE TOWN OF WAKEFIELD ATTENDING POST SECONDARY INSTITUTES FULL TIME.

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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 $644,055

Program Service Revenue $0

Investment Income $1,319,670

Other Revenue $0

TOTAL REVENUE $1,963,725

Expense Breakdown

Grants Paid $782,275

Salaries & Benefits $126,454

Fundraising Expenses $0

Program Expenses $782,275

Other Expenses $99,126

TOTAL EXPENSES $1,007,855

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,963,725	$1,198,955	+0.6%
Expenses	$1,007,855	$1,051,683	0.0%
Net Income	$955,870	$147,272	+5.5%

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

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

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
PATRICIA BIRCHEM	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD BONDI	DIRECTOR	1.00	Director	$0	$0	$0
JO-ANNE BOURQUE	DIRECTOR	1.00	Director	$0	$0	$0
KELLEY CHAPMAN	DIRECTOR	1.00	Director	$0	$0	$0
STACEY CONSTAS	CLERK	1.00	Officer Director	$0	$0	$0
MARGARET DELORY	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA DESROCHER	DIRECTOR	1.00	Director	$0	$0	$0
EILEEN DOHERTY	DIRECTOR	1.00	Director	$0	$0	$0
WALTER J DOLAN	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE M DONOVAN	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN DECOSTA	DIRECTOR	1.00	Director	$0	$0	$0
LISA A ERBAN	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE R FALLON	FINANCIAL SE	2.00	Officer Director	$0	$0	$0
JAMES A FITZGERALD	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JAMES H GUARINO	FINANCIAL VP	2.00	Officer Director	$0	$0	$0
FAITH G HODGKINS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN J LANDERS JR	TREASURER	3.00	Officer Director	$0	$0	$0
JOHN J MCCARTHY JR	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL KILKELLY	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA LAMARRE	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM J LEE	DIRECTOR	1.00	Director	$0	$0	$0
JEAN MAIO	DIRECTOR	1.00	Director	$0	$0	$0
FRANK A MCLEAN	AUDITOR	1.00	Officer Director	$0	$0	$0
LINDA M MCMANAMA	DIRECTOR	1.00	Director	$0	$0	$0
KIM PENNEY	DIRECTOR	1.00	Director	$0	$0	$0
KRISTINA SAMPSON	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN SCANLON	DIRECTOR	1.00	Director	$0	$0	$0
LUCY SKELDON	DIRECTOR	1.00	Director	$0	$0	$0
BETH SULLIVAN	DIRECTOR	1.00	Director	$0	$0	$0
ROSE TRAMONTOZZI	DIRECTOR	1.00	Director	$0	$0	$0
CATHY WENSLEY	DIRECTOR	1.00	Director	$0	$0	$0
GAYLE M WETTACH	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS J WHITE	PRESIDENT	2.00	Officer 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	$1,963,725	$1,007,855	$23,812,386	$955,870
2023	$1,198,955	$1,051,683	$22,106,252	$147,272
2022	$1,333,603	$1,020,896	$20,448,922	$312,707
2021	$1,843,258	$967,426	$23,594,688	$875,832
2020	$1,060,735	$901,327	$21,345,609	$159,408
2020	$1,060,735	$901,327	$21,345,609	$159,408
2019	$1,731,281	$897,547	$20,269,094	$833,734
2018	$1,708,798	$830,654	$17,158,659	$878,144

THE SCHOLARSHIP FOUNDATION OF WAKEFIELD INC