LT RAYMOND E MURPHY MEMORIAL SCHOLARSHIP FUND

EIN: 043635558 501(c)(3)

BRONX, NY

Total Revenue
$1,692
Total Expenses
$668,994
Total Assets
N/A
Net Assets
N/A
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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
NY
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.

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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 (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

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Governance

Voting Members
4
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
0
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDWARD J MURPHY Treasurer 0.00
Director
$0 $0 $0
KENNETH MURPHY Vice President 0.00
Director
$0 $0 $0
LINDA MURPHY President 0.00
Director
$0 $0 $0
JAMES KNOBLICH Secretary 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
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
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