Winchester Scholarship Foundation (EIN 046038611) - 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

1945

Legal Domicile

Principal Officer

LESLEY SANTINI

Phone

7817212188

Tax Period

2023-07-01 to 2024-06-30

Winchester Scholarship Foundation, founded in 1945, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 96% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 71% operating margin.

Mission

AWARDING OF 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $178,009

Program Service Revenue $0

Investment Income $1,559,938

Other Revenue $0

TOTAL REVENUE $1,737,947

Expense Breakdown

Grants Paid $475,945

Salaries & Benefits $0

Fundraising Expenses $1,889

Program Expenses $475,945

Other Expenses $30,285

TOTAL EXPENSES $506,230

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,737,947	$884,830	+1.0%
Expenses	$506,230	$484,048	+0.0%
Net Income	$1,231,717	$400,782	+2.1%

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

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
David Donahue	TRUSTEE	1.0	Director	$0	$0	$0
Alan MacDonald	TRUSTEE	1.0	Director	$0	$0	$0
James R Willing	TRUSTEE	1.0	Director	$0	$0	$0
Stephanie Altavilla	President	1.0	Officer	$0	$0	$0
Karen Garrett	Vice President	1.0	Officer	$0	$0	$0
Michael Rauseo	Assistant Vice President	1.0	Officer	$0	$0	$0
Bernadette Kearney	Secretary	1.0	Officer	$0	$0	$0
LESLEY SANTINI	Treasurer	8.0	Officer	$0	$0	$0
Michael Houlahan	Assistant Treasurer	1.0	Officer	$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2024	$1,737,947	$506,230	$15,256,904	$1,231,717
2023	$884,830	$484,048	$13,429,579	$400,782
2022	$769,847	$508,351	$12,307,346	$261,496
2021	$554,472	$471,706	$13,405,036	$82,766
2020	$428,616	$475,378	$9,736,961	$-46,762
2019	$647,022	$492,241	$9,606,106	$154,781
2018	$506,513	$406,046	$9,445,724	$100,467

Winchester Scholarship Foundation