KIDS SCHOLARSHIP FUND INC (EIN 061494714) - 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

1998

Legal Domicile

Principal Officer

NICOLE TALMADGE

Phone

2039800904

Tax Period

2024-07-01 to 2025-06-30

KIDS SCHOLARSHIP FUND INC, founded in 1998, is a small nonprofit in the Education sector that reported $766K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $1.1M exceeded revenue, resulting in a 47% operating deficit.

Mission

THE KIDS' SCHOLARSHIP FUND HELPS CONNECTICUT CHILDREN FROM LOW-INCOME FAMILIES REACH THEIR FULL POTENTIAL BY PROVIDING EQUAL ACCESS TO A HIGH-QUALITY, FOUNDATIONAL K-8 EDUCATION THROUGH NEED-BASED SCHOLARSHIPS THAT EMPOWER FAMILIES TO CHOOSE PRIVATE SCHOOLS WHERE THEIR CHILDREN CAN LEARN, GROW, AND THRIVE.

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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 $202,315

Program Service Revenue $0

Investment Income $563,735

Other Revenue $0

TOTAL REVENUE $766,050

Expense Breakdown

Grants Paid $785,931

Salaries & Benefits $204,735

Fundraising Expenses $142,625

Program Expenses $854,133

Other Expenses $134,071

TOTAL EXPENSES $1,124,737

Year-over-Year Comparison

	2024	2023	Change
Revenue	$766,050	$602,622	+0.3%
Expenses	$1,124,737	$1,038,491	+0.1%
Net Income	$-358,687	$-435,869	-0.2%

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

Volunteers

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

$129,383

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEWIS ANDREWS	PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMES ALBER	TREASURER	1.00	Officer Director	$0	$0	$0
BRIAN BOYD	SECRETARY	1.00	Officer Director	$0	$0	$0
ANDREW JONES	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY MARTELLA	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE TALMADGE	EXECUTIVE DIRECTOR	40.00	Officer	$129,383	$0	$129,383

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	$766,050	$1,124,737	$13,417,389	$-358,687
2024	$602,622	$1,038,491	$12,914,324	$-435,869
2023	$538,610	$998,752	$12,347,688	$-460,142
2022	$684,663	$1,023,190	$12,004,891	$-338,527
2021	$820,982	$1,006,010	$14,371,245	$-185,028
2020	$1,832,796	$1,024,985	$11,937,592	$807,811
2019	$2,456,173	$1,020,477	$11,108,277	$1,435,696
2018	$4,981,163	$1,096,001	$9,453,465	$3,885,162

KIDS SCHOLARSHIP FUND INC