QUINCY EDUCATION ASSOCIATION INC SCHOLARSHIP FUND (EIN 046141360) - 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

1966

Legal Domicile

Principal Officer

GAYLE CARVALLO

Phone

6177108715

Tax Period

2024-07-01 to 2025-06-30

QUINCY EDUCATION ASSOCIATION INC SCHOLARSHIP FUND, founded in 1966, is a micro nonprofit that reported $29K in total revenue in fiscal year 2024. Revenue surged 118% from the prior year, signaling strong growth momentum. Expenses of $26K left a modest 10% surplus.

Mission

THE SCHOLARSHIP COMMITTEE OF THE QUINCY EDUCATION ASSCOCIATION CONSISTS OF TWELVE TEACHERS FROM QUINCY HIGH SCHOOL, N. QUINCY HIGH SCHOOL AND QUINCY VOCATIONAL-TECHNICAL SCHOOLS. AWARDS ARE MADE ONLY TO CAPABLE AND DESERVING STUDENTS TO FURTHER THEIR EDUCATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $29,169

Other Revenue $0

TOTAL REVENUE $29,169

Expense Breakdown

Grants Paid $18,088

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $18,088

Other Expenses $8,235

TOTAL EXPENSES $26,323

Year-over-Year Comparison

	2024	2023	Change
Revenue	$29,169	$13,405	+1.2%
Expenses	$26,323	$29,393	-0.1%
Net Income	$2,846	$-15,988	-1.2%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
GAYLE CARVALLO	PRESIDENT	N/A	Officer	$0	$0	$0
SARAH ONOFRI	TREASURER	N/A	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	$29,169	$26,323	$762,281	$2,846
2024	$13,405	$29,393	$699,892	$-15,988
2023	$27,803	$12,507	$638,454	$15,296
2022	$35,086	$35,680	$593,512	$-594
2021	$27,566	$13,274	$686,597	$14,292
2020	$40,702	$11,988	$549,086	$28,714
2019	$23,035	$12,071	$537,743	$10,964
2018	$9,079	$17,683	$525,496	$-8,604

QUINCY EDUCATION ASSOCIATION INC SCHOLARSHIP FUND