FALMOUTH SCHOLARSHIP ASSOCIATION INC (EIN 042463819) - 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

1924

Legal Domicile

Principal Officer

KAREN BISSONNETTE

Phone

5082741651

Tax Period

2024-03-01 to 2025-02-28

FALMOUTH SCHOLARSHIP ASSOCIATION INC, founded in 1924, is a small nonprofit in the Education sector that reported $476K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $183K, a strong 38% operating margin.

Mission

AWARDS SCHOLARSHIPS FOR COLLEGE TUITION TO SELECTED STUDENTS AT FALMOUTH HIGH SCHOOL WHO WISH TO PURSUE ADVANCED WORK IN LITERATURE, SCIENCE, MATH, OR THE ARTS.

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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 $212,393

Program Service Revenue $0

Investment Income $263,955

Other Revenue $0

TOTAL REVENUE $476,348

Expense Breakdown

Grants Paid $245,800

Salaries & Benefits $3,000

Fundraising Expenses $0

Program Expenses $245,800

Other Expenses $44,792

TOTAL EXPENSES $293,592

Year-over-Year Comparison

	2024	2023	Change
Revenue	$476,348	$362,293	+0.3%
Expenses	$293,592	$218,083	+0.3%
Net Income	$182,756	$144,210	+0.3%

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
KAREN BISSONNETTE	PRESIDENT	005.00	Officer Director	$0	$0	$0
GEOFFREY NICKERSON	VICE PRESIDENT	005.00	Officer Director	$0	$0	$0
LISA ZMUDA	SECRETARY	005.00	Officer Director	$0	$0	$0
BARBARA MITCHELL	TREASURER	005.00	Officer Director	$0	$0	$0
JEANNE ANTONUCCI	DIRECTOR	001.00	Director	$0	$0	$0
ALAN KAZARIAN	DIRECTOR	001.00	Director	$0	$0	$0
SUSAN NETTO	DIRECTOR	001.00	Director	$0	$0	$0
NANCY PORTER	DIRECTOR	001.00	Director	$0	$0	$0
TRACEY CRAGO	DIRECTOR	001.00	Director	$0	$0	$0
HENRY ST JULIEN	DIRECTOR	001.00	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
2025	$476,348	$293,592	$4,433,165	$182,756
2024	$362,293	$218,083	$4,106,157	$144,210
2023	$758,247	$225,720	$3,556,298	$532,527
2022	$342,313	$214,220	$3,366,009	$128,093
2021	$258,219	$201,967	$3,298,192	$56,252
2020	$282,602	$199,963	$2,975,576	$82,639
2019	$268,766	$183,570	$2,822,605	$85,196

FALMOUTH SCHOLARSHIP ASSOCIATION INC