NEWPORTFALL RIVER STAR KIDS SCHOLARSHIP PROGRAM (EIN 043623364) - 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

2002

Legal Domicile

Principal Officer

KAREN FLANAGAN

Phone

4018484187

Tax Period

2024-07-01 to 2025-06-30

NEWPORTFALL RIVER STAR KIDS SCHOLARSHIP PROGRAM, founded in 2002, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $781K, a strong 40% operating margin.

Mission

TO PROVIDE EDUCATIONAL OPPORTUNITIES IN THE FORM OF TUITION AID TO EFFECTIVE NON-PUBLIC SCHOOLS, UNIFORMS, AFTER-SCHOOL AND SUMMER PROGRAMS, TUTORING AND MENTORING FOR CERTAIN HIGH RISK, LOW-INCOME CHILDREN.

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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 $1,810,452

Program Service Revenue $0

Investment Income $155,979

Other Revenue $-19,879

TOTAL REVENUE $1,946,552

Expense Breakdown

Grants Paid $766,346

Salaries & Benefits $227,719

Fundraising Expenses $70,149

Program Expenses $972,814

Other Expenses $158,872

TOTAL EXPENSES $1,165,489

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,946,552	$1,459,332	+0.3%
Expenses	$1,165,489	$1,088,459	+0.1%
Net Income	$781,063	$370,873	+1.1%

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

$96,275

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN FLANAGAN	EXECUTIVE DIRECTOR	40.00	Officer	$93,573	$2,702	$96,275
LARRY ALLEN	DIRECTOR	0.50	Director	$0	$0	$0
CINDY BABKA	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER FULHAM CARNEY	DIRECTOR	0.50	Director	$0	$0	$0
TERRI CONNERS	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN DANA	DIRECTOR	0.50	Director	$0	$0	$0
LETIZIA GAMBRELL-BOONE	DIRECTOR	0.50	Director	$0	$0	$0
KATE KIRBY GREENMAN	DIRECTOR	1.00	Director	$0	$0	$0
VICTORIA HILL-DUFFEY	DIRECTOR	1.00	Director	$0	$0	$0
SUSIE HIL	DIRECTOR	1.00	Director	$0	$0	$0
LORI HOGAN	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL JILLING	DIRECTOR	0.50	Director	$0	$0	$0
MAUREEN KERRIGAN	DIRECTOR	0.50	Director	$0	$0	$0
LISA LEWIS	DIRECTOR	0.50	Director	$0	$0	$0
RHONDA R MITCHELL	DIRECTOR	0.50	Director	$0	$0	$0
JAMIE PURVIANCE	DIRECTOR	0.50	Director	$0	$0	$0
RACHAEL ROMANOWSKI	DIRECTOR	1.00	Director	$0	$0	$0
LISA SIENKIEWICZ	DIRECTOR	0.50	Director	$0	$0	$0
CHARLES WEEDEN	DIRECTOR	0.50	Director	$0	$0	$0
BOB WESTON	DIRECTOR THROUGH 10/12/24	0.50	Director	$0	$0	$0
LIZ ALOFSIN	SECRETARY	1.00	Officer Director	$0	$0	$0
DIOGO VENTURA	TREASURER	0.50	Officer Director	$0	$0	$0
HEATHER LYNCH	FORMER TREASURER	1.50	Officer Director	$0	$0	$0
CATIE BENZAK	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ERIC MACK	PRESIDENT START JAN. 2023	2.00	Officer Director	$0	$0	$0
TIMOTHY FLANIGAN	PRESIDENT EMERITUS	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
2025	$1,946,552	$1,165,489	$3,143,889	$781,063
2024	$1,459,332	$1,088,459	$2,363,763	$370,873
2023	$1,269,993	$1,005,787	$1,907,471	$264,206
2022	$1,534,526	$861,593	$1,528,249	$672,933
2021	$858,889	$751,289	$1,068,647	$107,600
2020	$681,969	$738,952	$793,649	$-56,983
2019	$633,904	$628,985	$819,513	$4,919
2018	$659,090	$533,624	$811,288	$125,466

NEWPORTFALL RIVER STAR KIDS SCHOLARSHIP PROGRAM