GREENWICH SCHOLARSHIP ASSOCIATION … - Form 990 Financial Data

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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

1972

Legal Domicile

Principal Officer

CATHERINE HOLDEN

Phone

7322138495

Tax Period

2024-07-01 to 2025-06-30

GREENWICH SCHOLARSHIP ASSOCIATION INC, founded in 1972, is a small nonprofit in the Education sector that reported $940K in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $176K, a strong 19% operating margin.

Mission

Provide need-based financial assistance from its own funds and various sponsors to graduating students for the students higher education.

Program Service Accomplishments

Program 1

Expenses: $711,858

Greenwich Scholarship Association provides financial assistance from its own funds and various sponsors to approximately 100 high school seniors in Greenwich, CT schools for the students higher...

Greenwich Scholarship Association provides financial assistance from its own funds and various sponsors to approximately 100 high school seniors in Greenwich, CT schools for the students higher 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 $797,122

Program Service Revenue $0

Investment Income $143,245

Other Revenue $0

TOTAL REVENUE $940,367

Expense Breakdown

Grants Paid $537,958

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $711,858

Other Expenses $226,323

TOTAL EXPENSES $764,281

Year-over-Year Comparison

	2024	2023	Change
Revenue	$940,367	$1,386,913	-0.3%
Expenses	$764,281	$692,035	+0.1%
Net Income	$176,086	$694,878	-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

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
BJERKE SAREETA	CP STUDENTS	001.00	Director	$0	$0	$0
BREA MARIA	DIRECTOR	001.00	Director	$0	$0	$0
CASSIDY JOYCE	DIRECTOR	001.00	Director	$0	$0	$0
CHAPMAN JUDY	DIRECTOR	001.00	Director	$0	$0	$0
DOBRYN LESLIE	DIRECTOR	001.00	Director	$0	$0	$0
FIKRE BENVENUTO CRISTINA	DIRECTOR	001.00	Director	$0	$0	$0
GILBERT MARLENE	SECRETARY	001.00	Officer Director	$0	$0	$0
HAGSTROM LOUISE	DIRECTOR	001.00	Director	$0	$0	$0
HAIDINGER TERRI	DIRECTOR	001.00	Director	$0	$0	$0
HOLDEN CATHERINE	CO-PRESIDENT	001.00	Officer Director	$0	$0	$0
LAFFAN NANETTE	SPONSOR LIAISON	001.00	Director	$0	$0	$0
LYNCH JENNIFER	GHS LIAISON	001.00	Director	$0	$0	$0
MERRILL MARIA	DIRECTOR	001.00	Director	$0	$0	$0
MURDOCK ANNE	DIRECTOR	001.00	Director	$0	$0	$0
PORT JENNIFER	LEGAL COUNSEL	001.00	Officer Director	$0	$0	$0
POWERS RACHEL	INDEPENDENT SCHOOL LIAISON	001.00	Director	$0	$0	$0
SCHNUR JULIET	VP ADMINISTRATION	001.00	Officer Director	$0	$0	$0
SYGALL STACY	DIRECTOR	001.00	Director	$0	$0	$0
TURKELTAUB GAIL	DIRECTOR	001.00	Director	$0	$0	$0
WAN SZE LING	TREASURER	001.00	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
2025	$940,367	$764,281	$7,405,486	$176,086
2024	$1,386,913	$692,035	$6,682,933	$694,878
2023	$1,886,894	$602,236	$5,231,302	$1,284,658
2022	$1,419,655	$514,868	$3,544,227	$904,787
2021	$787,503	$528,262	$3,145,877	$259,241
2020	$726,360	$524,020	$2,029,089	$202,340
2019	$1,050,100	$518,676	$2,366,353	$531,424
2018	$644,496	$538,472	$1,833,480	$106,024

GREENWICH SCHOLARSHIP ASSOCIATION INC