National Scholastic Chess Foundation Inc (EIN 061301676) - 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

1990

Legal Domicile

Principal Officer

Sunil Weeramantry

Tax Period

2023-07-01 to 2024-06-30

National Scholastic Chess Foundation Inc, founded in 1990, is a small nonprofit in the Youth Development sector that reported $874K in total revenue in fiscal year 2023. Expenses of $789K left a modest 10% surplus.

Mission

The mission of National Scholastic Chess Foundation Inc is to bring the benefits of chess education to children by promoting the study of chess as an educational tool in classes and programs for elementary, middle and high school students. Continued on Schedule O

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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 (2023)

Revenue Breakdown

Contributions & Grants $128,403

Program Service Revenue $745,916

Investment Income $0

Other Revenue $0

TOTAL REVENUE $874,319

Expense Breakdown

Grants Paid $0

Salaries & Benefits $337,609

Fundraising Expenses $46,240

Program Expenses $589,405

Other Expenses $451,662

TOTAL EXPENSES $789,271

Year-over-Year Comparison

	2023	2022	Change
Revenue	$874,319	$872,494	+0.0%
Expenses	$789,271	$742,949	+0.1%
Net Income	$85,048	$129,545	-0.3%

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

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

$104,280

Total Directors

$104,280

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sunil Weeramantry	Executive Director	30.00	Officer Director Highest	$104,280	$0	$104,280
Robert Johnson	Director	1.00	Director	$0	$0	$0
Zlata Gleason	Director	1.00	Director	$0	$0	$0
Vivek Nasta	Director	1.00	Director	$0	$0	$0
Elisabeth S Harding	Director	1.00	Director	$0	$0	$0
Jay Hack	Director	1.00	Director	$0	$0	$0
Richard Trepp	Director	1.00	Director	$0	$0	$0
Elizabeth B Korn	Director	1.00	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	$874,319	$789,271	$448,791	$85,048
2023	$872,494	$742,949	$335,507	$129,545
2022	$544,429	$445,528	$191,844	$98,901
2021	$361,532	$366,410	$84,087	$-4,878
2020	$717,030	$740,008	$92,538	$-22,978
2019	$786,101	$755,577	$142,683	$30,524

National Scholastic Chess Foundation Inc