LT RAYMOND E MURPHY MEMORIAL SCHOL… - Form 990 Financial Data

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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

EDWARD J MURPHY

Phone

7188635090

Tax Period

2022-01-01 to 2022-12-31

LT RAYMOND E MURPHY MEMORIAL SCHOLARSHIP FUND, founded in 2002, is a micro nonprofit that reported $2K in total revenue in fiscal year 2022. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $669K exceeded revenue, resulting in a 39439% operating deficit.

Mission

PROVIDE EDUCATIONAL FUNDING TO WORTHY RECIPIENTS TO FURTHER THEIR EDUCATIONTHROUGH VOLUNTARY GRANTS AND SCHOLARSHIPS.

Program Service Accomplishments

Program 1

Expenses: $620,000

THE MEMORIAL SCHOLARSHIP FUND PERPETUATES THE MEMORY AND SPIRIT OFLT RAYMOND E. MURPHY, DECEASED ON 9/11/2001, IN THE LINE OF DUTY FOR THE FIRE DEPARTMENT; FDNY, BY THE ENCOURAGEMENT AND PROMOTION OF...

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,100

Program Service Revenue $0

Investment Income $592

Other Revenue $0

TOTAL REVENUE $1,692

Expense Breakdown

Grants Paid $620,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $620,000

Other Expenses $48,994

TOTAL EXPENSES $668,994

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,692	$81,999	-1.0%
Expenses	$668,994	$53,156	+11.6%
Net Income	$-667,302	$28,843	-24.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
EDWARD J MURPHY	Treasurer	Director	$0	$0	$0
KENNETH MURPHY	Vice President	Director	$0	$0	$0
LINDA MURPHY	President	Director	$0	$0	$0
JAMES KNOBLICH	Secretary	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
2022	$1,692	$668,994	No data	$-667,302
2021	$81,999	$53,156	$667,302	$28,843
2020	$76,481	$53,382	$638,459	$23,099

LT RAYMOND E MURPHY MEMORIAL SCHOLARSHIP FUND