MELROSE HIGH SCHOOL PERMANENT SCHOLARSHIP FUND (EIN 046116247) - 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

1964

Legal Domicile

Principal Officer

SUSAN SULLIVAN

Phone

7819561922

Tax Period

2022-07-01 to 2023-06-30

MELROSE HIGH SCHOOL PERMANENT SCHOLARSHIP FUND, founded in 1964, is a small nonprofit in the Education sector that reported $638K in total revenue in fiscal year 2022. Revenue surged 48% from the prior year, signaling strong growth momentum. Expenses of $545K left a modest 15% surplus.

Mission

SCHOLARSHIP ASSISTANCE TO GRADUATES OF MELROSE HIGH SCHOOL

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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 $194,098

Program Service Revenue $0

Investment Income $433,543

Other Revenue $10,526

TOTAL REVENUE $638,167

Expense Breakdown

Grants Paid $460,875

Salaries & Benefits $28,219

Fundraising Expenses $0

Program Expenses $460,875

Other Expenses $56,170

TOTAL EXPENSES $545,264

Year-over-Year Comparison

	2022	2021	Change
Revenue	$638,167	$430,231	+0.5%
Expenses	$545,264	$337,455	+0.6%
Net Income	$92,903	$92,776	+0.0%

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

$5,000

Total Directors

$5,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA WHELAN	PRESIDENT	2.00	Officer	$0	$0	$0
SUSAN CAFFEY	SECRETARY	2.00	Officer	$0	$0	$0
MARK HUTCHINSON	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT SAVARINO	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN SULLIVAN	TREASURER	5.00	Officer Director	$5,000	$0	$5,000

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
2024	No data	No data	No data	No data
2023	$638,167	$545,264	$9,939,943	$92,903
2022	$430,231	$337,455	$10,022,994	$92,776
2021	$516,436	$424,424	$9,886,220	$92,012
2019	$558,314	$379,433	$7,896,432	$178,881
2018	$451,479	$370,643	$7,472,956	$80,836

MELROSE HIGH SCHOOL PERMANENT SCHOLARSHIP FUND