THE NEW HAVEN SCHOLARSHIP FUND INC

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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

1959

Legal Domicile

Principal Officer

RAQUEL SANTIAGO-MARTINEZ

Tax Period

2022-07-01 to 2023-06-30

THE NEW HAVEN SCHOLARSHIP FUND INC, founded in 1959, is a small nonprofit that reported $529K in total revenue in fiscal year 2022. Revenue fell 31% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $128K, a strong 24% operating margin.

Mission

SCHOLARSHIPS FOR CITY SCHOOL GRADUATES

Program Service Accomplishments

Program 1

Expenses: $378,482

THE NEW HAVEN SCHOLARSHIP FUND, INC MADE SCHOLARSHIP AND BOOK AWARDS TO GRADUATES OF NEW HAVEN, CT, HIGH SCHOOLS ACCEPTED BY COLLEGES OR OTHER ACCREDITED POST-SECONDARY EDUCATION PROGRAMS TO FULFILL ITS EXEMPT PURPOSE. ALL AWARDS WERE MADE PAYABLE DIRECTLY TO THE ACCREDITED INSTITUTION OF POST-SECONDARY LEARNING WHICH THE AWARDEE ATTENDED.

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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 (2022)

Revenue Breakdown

Contributions & Grants $388,571

Program Service Revenue $0

Investment Income $140,728

Other Revenue $0

TOTAL REVENUE $529,299

Expense Breakdown

Grants Paid $369,300

Salaries & Benefits $0

Fundraising Expenses $6,892

Program Expenses $378,482

Other Expenses $31,552

TOTAL EXPENSES $400,852

Year-over-Year Comparison

	2022	2021	Change
Revenue	$529,299	$770,571	-0.3%
Expenses	$400,852	$476,199	-0.2%
Net Income	$128,447	$294,372	-0.6%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY BERTACCINI	DIRECTOR	1.00	Director	$0	$0	$0
PENNY CONTI	DIRECTOR	1.00	Director	$0	$0	$0
JOHN COURTMANCHE	DIRECTOR	1.00	Director	$0	$0	$0
MILDRED DOODY	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM DYSON	ASSOC DIRECT	1.00	Director	$0	$0	$0
CHARLES COMSTOCK	DIRECTOR	1.00	Director	$0	$0	$0
MARILYN INGE	DIRECTOR	1.00	Director	$0	$0	$0
JANE KOVEL	DIRECTOR	1.00	Director	$0	$0	$0
JUSTINE MILLER	DIRECTOR	1.00	Director	$0	$0	$0
ANNA RIVERA ALFARO	DIRECTOR	1.00	Director	$0	$0	$0
SASHA BENJAMIN	ASSOC DIRECT	1.00	Director	$0	$0	$0
JOSEPH BINKOSKI	ASSOC DIRECT	1.00	Director	$0	$0	$0
DR WILLIAM JOHNSON JR	DIRECTOR	1.00	Director	$0	$0	$0
LINDY GOLD	ASSOC DIRECT	1.00	Director	$0	$0	$0
KATHERINE HOSEN	ASSOC DIRECT	1.00	Director	$0	$0	$0
ANTHONY LATELLA	DIRECTOR	1.00	Director	$0	$0	$0
GEORGIA SIMON	ASSOC DIRECT	1.00	Director	$0	$0	$0
STEVE GRODZINSKI	ASSOC DIRECT	1.00	Director	$0	$0	$0
AARON WASHINGTON	ASSOC DIRECT	1.00	Director	$0	$0	$0
JEFF ALPERT	PRESIDENT	5.00	Officer Director	$0	$0	$0
LYNN BRANTLEY	DIRECTOR	1.00	Director	$0	$0	$0
RAQUEL SANTIAGO-MARTINEZ	TREASURER	3.00	Officer Director	$0	$0	$0
ELIZABETH LYNCH	ASSOCIATE TR	2.00	Officer Director	$0	$0	$0
JAMES BARBER	PAST PRESIDE	1.00	Director	$0	$0	$0
PETER STOLZMAN	PAST TREASUR	1.00	Director	$0	$0	$0
RENEE EVANS	DIRECTOR	1.00	Director	$0	$0	$0
GARY TINNEY	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
KEVIN WALTON SR	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN LYNCH	ASSOC DIRECT	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	No data	No data	No data	No data
2023	$529,299	$400,852	$3,378,466	$128,447
2022	$770,571	$476,199	$3,163,056	$294,372
2021	$597,710	$254,104	$3,477,521	$343,606
2020	$461,558	$304,624	$2,699,159	$156,934
2019	$391,515	$264,269	$2,453,727	$127,246
2018	$289,380	$262,378	$2,332,082	$27,002