LOGAN AIRPORT SCHOLARSHIP TRUST INC (EIN 043287521) - 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

1984

Legal Domicile

Principal Officer

ANGELO GRECH

Phone

7816709070

Tax Period

2024-09-01 to 2025-08-31

LOGAN AIRPORT SCHOLARSHIP TRUST INC, founded in 1984, is a micro nonprofit in the Education sector that reported $10K in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $7K, a strong 68% operating margin.

Mission

TO ENCOURAGE QUALIFIED STUDENTS, WHO ARE MEMBERS OF THE LOGAN AIRPORT COMMUNITY, TO SEEK HIGHER EDUCATION BEYOND THE SECONDARY SCHOOL LEVEL. TO ACCOMPLISH THIS THE TRUST PROVIDES FINANCIAL

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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 $7,300

Program Service Revenue $0

Investment Income $0

Other Revenue $2,648

TOTAL REVENUE $9,948

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $3,233

TOTAL EXPENSES $3,233

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,948	$14,250	-0.3%
Expenses	$3,233	$2,650	+0.2%
Net Income	$6,715	$11,600	-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

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
ANGELO GRECH	PRESIDENT	1.00	Officer Director	$0	$0	$0
SHERRY COSTELLO	DIRECTOR	1.00	Officer Director	$0	$0	$0
ROBERT COSTELLO	TREASURER	1.00	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
2025	$9,948	$3,233	$90,944	$6,715
2024	$14,250	$2,650	$84,229	$11,600
2023	$21,965	$2,704	$72,629	$19,261
2022	$11,741	$6,395	$53,366	$5,346
2021	No data	$3,650	$48,021	No data
2020	$7,292	$4,964	$53,989	$2,328
2019	$22,746	$29,180	$51,661	$-6,434

LOGAN AIRPORT SCHOLARSHIP TRUST INC