GREENWOODS SCHOLARSHIP FOUNDATION

EIN: 060979169 501(c)(3)

WINSTED, CT

Total Revenue
$398,748
Total Expenses
$250,908
Total Assets
$2,969,362
Net Assets
$2,969,362
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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
1975
Legal Domicile
CT
Principal Officer
Christina Lavieri
Phone
8603795610
Tax Period
2024-07-01 to 2025-06-30

GREENWOODS SCHOLARSHIP FOUNDATION, founded in 1975, is a small nonprofit that reported $399K in total revenue in fiscal year 2024. Revenue fell 34% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $148K, a strong 37% operating margin.

Mission

Give scholarships for higher education to deserving students

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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 (2024)

Revenue Breakdown

Contributions & Grants $273,244
Program Service Revenue $0
Investment Income $125,504
Other Revenue $0
TOTAL REVENUE $398,748

Expense Breakdown

Grants Paid $242,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $242,000
Other Expenses $8,908
TOTAL EXPENSES $250,908

Year-over-Year Comparison

2024 2023 Change
Revenue $398,748 $606,994 -0.3%
Expenses $250,908 $178,993 +0.4%
Net Income $147,840 $428,001 -0.7%
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
21
Independent Members
21
Employees
N/A
Volunteers
21

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
6
$0
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Edward Bachman Director 0.50
Director
$0 $0 $0
Bill Sullivan Director 0.50
Director
$0 $0 $0
George Bodycoat Director 0.50
Director
$0 $0 $0
Susan Dichter Director 0.50
Director
$0 $0 $0
Charley Harbach Director 0.50
Director
$0 $0 $0
Gerald Hicks Director 0.50
Director
$0 $0 $0
Fred Jones Director 0.50
Director
$0 $0 $0
Bev King Director 0.50
Director
$0 $0 $0
Barbara Domack Director 0.50
Director
$0 $0 $0
Jody Pillar Corr Secretary 0.50
Officer Director
$0 $0 $0
Tara Thompson Director 0.50
Director
$0 $0 $0
Maryellen Vaccari Recor Secretary 0.50
Officer Director
$0 $0 $0
Louise Van Alstyne President 1.00
Officer Director
$0 $0 $0
Bea Tirrell Director 0.50
Director
$0 $0 $0
Karin Taylor Goodell Director 0.50
Director
$0 $0 $0
Christina Lavieri Treasurer 1.00
Officer Director
$0 $0 $0
Laurie Jassen Vice President 1.00
Officer Director
$0 $0 $0
Elizabeth Paluba Corr Secretary 1.00
Officer Director
$0 $0 $0
Lisselot Pimental Director 0.50
Director
$0 $0 $0
Tara Sundie Director 0.50
Director
$0 $0 $0
Ruthie Ursone Napoleoone Director 0.50
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 $398,748 $250,908 $2,969,362 $147,840
2024 $606,994 $178,993 $2,749,350 $428,001
2023 $355,558 $152,472 $2,360,165 $203,086
2022 $295,205 $179,045 $2,170,727 $116,160
2021 $270,944 $133,210 $2,237,867 $137,734
2020 $213,646 $154,676 $1,987,217 $58,970
2019 $241,881 $178,717 $1,973,858 $63,164
2018 $186,229 $151,601 $1,875,204 $34,628
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