NEEDHAM ROTARY CLUB MEMORIAL SCHOLARSHIP FUND

EIN: 046242879 501(c)(3)

WALPOLE, MA

Total Revenue
$16,703
Total Expenses
$11,975
Total Assets
$359,967
Net Assets
$359,967
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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
1952
Legal Domicile
MA
Principal Officer
RYAN DAMASO
Phone
7814493919
Tax Period
2023-01-01 to 2023-12-31

NEEDHAM ROTARY CLUB MEMORIAL SCHOLARSHIP FUND, founded in 1952, is a micro nonprofit that reported $17K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5K, a strong 28% operating margin.

Mission

TO PROVIDE COLLEGE SCHOLARSHIPS AWARDED TO HIGH SCHOOL SENIORS IN NEEDHAM.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $16,703
Other Revenue $0
TOTAL REVENUE $16,703

Expense Breakdown

Grants Paid $10,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $10,000
Other Expenses $1,975
TOTAL EXPENSES $11,975

Year-over-Year Comparison

2023 2022 Change
Revenue $16,703 $13,283 +0.3%
Expenses $11,975 $11,963 +0.0%
Net Income $4,728 $1,320 +2.6%
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
5
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
1
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS E SAVINO TRUSTEE 1.00
Director
$0 $0 $0
RYAN DAMASO TREASURER/TRUSTEE 1.00
Officer 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
2024 No data No data No data No data
2023 $16,703 $11,975 $359,967 $4,728
2022 $13,283 $11,963 $325,074 $1,320
2021 $25,231 $11,842 $387,690 $13,389
2020 $9,523 $11,776 $340,526 $-2,253
2019 $13,786 $11,781 $317,738 $2,005
2018 $15,079 $14,404 $279,006 $675
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