LITCHFIELD HIGH SCHOOL SCHOLARSHIP ASSOCIATION INC (EIN 066058295) - 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

1940

Legal Domicile

Principal Officer

F ROBERT PETRICONE

Phone

8605670565

Tax Period

2023-07-01 to 2024-06-30

LITCHFIELD HIGH SCHOOL SCHOLARSHIP ASSOCIATION INC, founded in 1940, is a small nonprofit in the Education sector that reported $824K in total revenue in fiscal year 2023. The organization ran a surplus of $343K, a strong 42% operating margin.

Mission

TO GRANT SCHOLARSHIPS TO LITCHFIELD HIGH SCHOOL GRADUATES.

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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 $24,435

Program Service Revenue $0

Investment Income $799,403

Other Revenue $0

TOTAL REVENUE $823,838

Expense Breakdown

Grants Paid $440,736

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $440,736

Other Expenses $40,224

TOTAL EXPENSES $480,960

Year-over-Year Comparison

	2023	2022	Change
Revenue	$823,838	$860,389	0.0%
Expenses	$480,960	$487,121	0.0%
Net Income	$342,878	$373,268	-0.1%

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
F ROBERT PETRICONE	PRESIDENT	N/A	Officer Director	$0	$0	$0
PHILIP G SAMPONARO	TREASURER	N/A	Officer Director	$0	$0	$0
SUSAN O KENNEDY	CORRESPONDIN	N/A	Officer Director	$0	$0	$0
ROBERTA ANDRULIS METTE	SECRETARY	N/A	Officer Director	$0	$0	$0
GARY P WAUGH	DIRECTOR	N/A	Director	$0	$0	$0
LOUIS DONNE	DIRECTOR	N/A	Director	$0	$0	$0
CHRISTOPHER LEONE	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL PASCENTO	DIRECTOR	N/A	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
2024	$823,838	$480,960	$9,509,329	$342,878
2023	$860,389	$487,121	$8,711,044	$373,268
2022	$463,228	$426,893	$8,168,014	$36,335
2021	$1,001,934	$389,681	$9,702,333	$612,253
2020	$567,539	$394,941	$7,960,924	$172,598
2019	$264,726	$416,853	$8,123,118	$-152,127

LITCHFIELD HIGH SCHOOL SCHOLARSHIP ASSOCIATION INC