Newtown Scholarship Association 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

1937

Legal Domicile

Principal Officer

Azian Kearney

Phone

2034268500

Tax Period

2024-01-01 to 2024-12-31

Newtown Scholarship Association Inc, founded in 1937, is a small nonprofit that reported $432K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $379K left a modest 12% surplus.

Mission

TO AWARD SCHOLARSHIPS TO STUDENTS WHO ARE RESIDENTS OF THE TOWN OF NEWTOWN, CONNECTICUT AT THE TIME OF HIGH SCHOOL GRADUATION WITH CONTINUING AID THROUGH COLLEGE.

Program Service Accomplishments

Program 1

Expenses: $378,286

FINANCIAL AID GRANTED TO NEWTOWN SECONDARY SCHOOL GRADUATES WHO DEMONSTRATE FINANCIAL NEED. SCHOLARSHIPS GIVEN TO 147 INDIVIDUALS.

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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 $285,727

Program Service Revenue $0

Investment Income $96,643

Other Revenue $49,735

TOTAL REVENUE $432,105

Expense Breakdown

Grants Paid $356,400

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $378,286

Other Expenses $22,146

TOTAL EXPENSES $378,546

Year-over-Year Comparison

	2024	2023	Change
Revenue	$432,105	$333,043	+0.3%
Expenses	$378,546	$313,964	+0.2%
Net Income	$53,559	$19,079	+1.8%

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
Cindy Carlson	President	5.0	Officer Director	$0	$0	$0
William Plunkett	Vice President	5.0	Officer Director	$0	$0	$0
Azian Kearney	Treasurer	5.0	Officer Director	$0	$0	$0
Margaret McCarthy	Assistant Treasurer	5.0	Officer Director	$0	$0	$0
Dawn A Bogdan DDS	Recording Secretary	5.0	Officer Director	$0	$0	$0
Sherri S Baggett	Director	1.0	Director	$0	$0	$0
Jay Bartel	Director	1.0	Director	$0	$0	$0
Stephanie DeBartolomeo	Director	1.0	Director	$0	$0	$0
David Freedman	Director	1.0	Director	$0	$0	$0
Linc Keil	Director	1.0	Director	$0	$0	$0
Patrick Kelley	Director	1.0	Director	$0	$0	$0
Meghan Miller	Director	1.0	Director	$0	$0	$0
John Morlock	Director	1.0	Director	$0	$0	$0
Rebecca Osborne	Director	1.0	Director	$0	$0	$0
Julie B Savino	Director	1.0	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	$432,105	$378,546	$1,760,000	$53,559
2023	$333,043	$313,964	$1,678,334	$19,079
2022	$321,208	$303,580	$1,595,773	$17,628
2021	$488,126	$136,108	$1,817,349	$352,018
2020	$298,691	$195,613	$1,489,946	$103,078
2019	$297,811	$253,592	$1,294,485	$44,219
2018	$366,673	$296,597	$1,161,954	$70,076