North Andover Scholarship Foundation Inc

EIN: 043272675 501(c)(3) Education

North Andover, MA

Total Revenue
$184,940
Total Expenses
$84,770
Total Assets
$1,049,817
Net Assets
$1,049,813
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
MA
Phone
9786825488
Tax Period
2023-01-01 to 2023-12-31

North Andover Scholarship Foundation Inc, founded in 1995, is a small nonprofit in the Education sector that reported $185K in total revenue in fiscal year 2023. Revenue surged 154% from the prior year, signaling strong growth momentum. The organization ran a surplus of $100K, a strong 54% operating margin.

Mission

To provide scholarships to graduating high school students residing in No. Andover who plan to attend college or are pursuing other post-secondary education.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $128,532
Program Service Revenue $0
Investment Income $45,198
Other Revenue $11,210
TOTAL REVENUE $184,940

Expense Breakdown

Grants Paid $67,600
Salaries & Benefits $0
Fundraising Expenses $4,021
Program Expenses $67,600
Other Expenses $17,170
TOTAL EXPENSES $84,770

Year-over-Year Comparison

2023 2022 Change
Revenue $184,940 $72,767 +1.5%
Expenses $84,770 $78,069 +0.1%
Net Income $100,170 $-5,302 -19.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
17
Independent Members
17
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
0
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ken Connolly Trustee 0.00
Director
$0 $0 $0
Sunit Mukherjee Trustee 0.00
Director
$0 $0 $0
David Boudreau Trustee 0.00
Director
$0 $0 $0
Tony Conti Trustee 0.00
Director
$0 $0 $0
Karen Carroll Trustee 0.00
Director
$0 $0 $0
Naga Donti Trustee 0.00
Director
$0 $0 $0
Matt Ginsburg Trustee 0.00
Director
$0 $0 $0
Frank Kenneally Trustee 0.00
Director
$0 $0 $0
Kim Hearst Trustee 0.00
Director
$0 $0 $0
Leanna Pristash Secretary 0.00
Director
$0 $0 $0
John Benvenuto Vice President 0.00
Director
$0 $0 $0
Emily Smith Trustee 0.00
Director
$0 $0 $0
Justin Benincasa President 0.00
Director
$0 $0 $0
Andria Paradis Treasurer 0.00
Director
$0 $0 $0
Jennifer Rogers Trustee 0.00
Director
$0 $0 $0
Mark Vincent Trustee 0.00
Director
$0 $0 $0
Janet McKay Trustee 0.00
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
2024 No data No data No data No data
2023 $184,940 $84,770 $1,049,817 $100,170
2022 $72,767 $78,069 $865,993 $-5,302
2021 $247,227 $71,317 $1,005,500 $175,910
2020 $102,926 $68,018 $789,528 $34,908
2019 $102,750 $72,542 $697,228 $30,208
2018 $115,489 $72,697 $559,287 $42,792
Explore More Nonprofits
Top 100 Nonprofits in Massachusetts Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare North Andover Scholarship Foundation Inc with other nonprofits in Massachusetts and across the country.