Town of Chelmsford Scholarship Fund Inc (EIN 046039588) - 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

1957

Legal Domicile

Tax Period

2022-07-01 to 2023-06-30

Town of Chelmsford Scholarship Fund Inc, founded in 1957, is a micro nonprofit in the Education sector that reported $77K in total revenue in fiscal year 2022. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $140K exceeded revenue, resulting in a 81% operating deficit.

Mission

Award 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 (2022)

Revenue Breakdown

Contributions & Grants $77,160

Program Service Revenue $0

Investment Income $55

Other Revenue $0

TOTAL REVENUE $77,215

Expense Breakdown

Grants Paid $134,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $138,102

Other Expenses $5,500

TOTAL EXPENSES $140,000

Year-over-Year Comparison

	2022	2021	Change
Revenue	$77,215	$116,737	-0.3%
Expenses	$140,000	$82,316	+0.7%
Net Income	$-62,785	$34,421	-2.8%

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
Bernie Battle	President	2.00	Officer Director	$0	$0	$0
Caitlin Campopiano	Vice President	2.00	Officer Director	$0	$0	$0
Neal Lerer	Secretary	2.00	Officer Director	$0	$0	$0
Patricia Doherty	Director	2.00	Director	$0	$0	$0
David Gaudet	Treasurer	2.00	Officer Director	$0	$0	$0
Ben Cole	Director	2.00	Director	$0	$0	$0
Sophy Poisson	Director	2.00	Director	$0	$0	$0
Patrick Wood	Director	2.00	Director	$0	$0	$0
Brian Bullock	Director	2.00	Director	$0	$0	$0
Tom Dator	Director	2.00	Director	$0	$0	$0
Stephen Gregorio	Director	2.00	Director	$0	$0	$0
Philip Smith	Director	2.00	Director	$0	$0	$0
Jim Dolan	Director	2.00	Director	$0	$0	$0
Richard Main	Director	2.00	Director	$0	$0	$0
Matthew Reid	Director	2.00	Director	$0	$0	$0
Amanda Trahan	Director	2.00	Director	$0	$0	$0
Jason Howarth	Director	2.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$77,215	$140,000	$1,239,953	$-62,785
2022	$116,737	$82,316	$1,302,738	$34,421
2021	$222,681	$88,940	$1,268,317	$133,741

Town of Chelmsford Scholarship Fund Inc