GREENWICH POLICE SCHOLARSHIP FUND (EIN 066068607) - 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

1948

Legal Domicile

Principal Officer

CHIEF JAMES HEAVEY

Phone

2038695165

Tax Period

2023-01-01 to 2023-12-31

GREENWICH POLICE SCHOLARSHIP FUND, founded in 1948, is a micro nonprofit in the Education sector that reported $90K in total revenue in fiscal year 2023. Revenue surged 93% from the prior year, signaling strong growth momentum. The organization ran a surplus of $53K, a strong 60% operating margin.

Mission

THE GOAL OF THE GREENWICH POLICE SCHOLARSHIP FUND IS TO AWARD COLLEGE SCHOLARSHIPS TO ACADEMICALLY DESERVING STUDENTS WHO ARE THE CHILDREN OF CURRENT GREENWICH POLICE OFFICERS ON THE FORCE.

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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 $57,781

Program Service Revenue $0

Investment Income $31,917

Other Revenue $0

TOTAL REVENUE $89,698

Expense Breakdown

Grants Paid $19,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $36,292

Other Expenses $17,292

TOTAL EXPENSES $36,292

Year-over-Year Comparison

	2023	2022	Change
Revenue	$89,698	$46,494	+0.9%
Expenses	$36,292	$42,226	-0.1%
Net Income	$53,406	$4,268	+11.5%

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
ROBERT DEFRUSCIO	TREASURER	0.50	Officer Director	$0	$0	$0
RALPH DEMAYO	DIRECTOR	0.20	Officer Director	$0	$0	$0
CHIEF JAMES HEAVEY	PRESIDENT	0.50	Officer Director	$0	$0	$0
ATTY JOHN WETMORE	VICE PRESIDE	0.20	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
2024	No data	No data	No data	No data
2023	$89,698	$36,292	$583,174	$53,406
2021	$232,917	$81,325	$525,501	$151,592
2020	$76,785	$49,159	$373,909	$27,626
2019	$52,844	$50,079	$346,283	$2,765
2018	$73,129	$46,579	$343,518	$26,550

GREENWICH POLICE SCHOLARSHIP FUND