QUINCY RETIRED TEACHERS ASSOCIATION SCHOLARSHIP FUND INC ATTN LINDA MONACO

EIN: 042686298 501(c)(3) Education

QUINCY, MA

Total Revenue
$87,255
Total Expenses
$152,932
Total Assets
$2,501,739
Net Assets
$2,465,339
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
MA
Principal Officer
LINDA MONACO
Phone
5087345220
Tax Period
2023-01-01 to 2023-12-31

QUINCY RETIRED TEACHERS ASSOCIATION SCHOLARSHIP FUND INC ATTN LINDA MONACO, founded in 1979, is a micro nonprofit in the Education sector that reported $87K in total revenue in fiscal year 2023. Expenses of $153K exceeded revenue, resulting in a 75% operating deficit.

Mission

TO PROVIDE SCHOLARSHIPS TO GRADUATING SENIORS FROM THE PUBLIC HIGH SCHOOLS IN QUINCY, MA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $10,200
Program Service Revenue $0
Investment Income $77,055
Other Revenue $0
TOTAL REVENUE $87,255

Expense Breakdown

Grants Paid $122,600
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $124,450
Other Expenses $30,332
TOTAL EXPENSES $152,932

Year-over-Year Comparison

2023 2022 Change
Revenue $87,255 $90,668 0.0%
Expenses $152,932 $138,955 +0.1%
Net Income $-65,677 $-48,287 +0.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
N/A

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
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARGARET BROWNELL DIRECTOR 2.00
Director
$0 $0 $0
HELENA SKINNER DIRECTOR 2.00
Director
$0 $0 $0
GAYLE MACDONALD DIRECTOR 2.00
Director
$0 $0 $0
CHRISTINE PRENDIVELLE DIRECTOR 2.00
Director
$0 $0 $0
MARGARET O'NEILL DIRECTOR 2.00
Director
$0 $0 $0
ANDREA MARCUCCI DIRECTOR 2.00
Director
$0 $0 $0
DEBORAH BARRETT DIRECTOR 2.00
Director
$0 $0 $0
LINDA MONACO TREASURER 2.00
Officer
$0 $0 $0
MAUREEN MCKENNA RECORDING SECRETARY 2.00
Officer
$0 $0 $0
LINDA LEW-HANSON PRESIDENT 2.00
Officer
$0 $0 $0
RUTH WITMER ASSISTANT TREASURER 2.00
Officer
$0 $0 $0
DEBORAH BARRETT INTERIM VICE PRESIODENT 2.00
Officer
$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 No data No data No data No data
2023 $87,255 $152,932 $2,501,739 $-65,677
2022 $90,668 $138,955 $2,315,957 $-48,287
2021 $127,389 $134,373 $2,778,568 $-6,984
2020 $121,297 $117,674 $2,564,851 $3,623
2019 $163,490 $106,236 $2,286,189 $57,254
2018 $67,067 $106,970 $1,905,475 $-39,903
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