WASHINGTON CITIZENS SCHOLARSHIP FDN TRUST

EIN: 066070594 501(c)(3)

LITCHFIELD, CT

Total Revenue
$172,495
Total Expenses
$109,933
Total Assets
$1,674,372
Net Assets
$1,674,372
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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
2003
Legal Domicile
CT
Phone
8605676403
Tax Period
2024-01-01 to 2024-12-31

WASHINGTON CITIZENS SCHOLARSHIP FDN TRUST, founded in 2003, is a small nonprofit that reported $172K in total revenue in fiscal year 2024. Revenue surged 203% from the prior year, signaling strong growth momentum. The organization ran a surplus of $63K, a strong 36% operating margin.

Mission

CHARITABLE PURPOSES

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $172,495
Other Revenue $0
TOTAL REVENUE $172,495

Expense Breakdown

Grants Paid $94,810
Salaries & Benefits $5,472
Fundraising Expenses $0
Other Expenses $9,651
TOTAL EXPENSES $109,933

Year-over-Year Comparison

2024 2023 Change
Revenue $172,495 $56,955 +2.0%
Expenses $109,933 $105,490 +0.0%
Net Income $62,562 $-48,535 -2.3%
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

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Governance

Voting Members
N/A
Independent Members
N/A
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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
UNION SAVINGS BANK TRUSTEE N/A
$5,472 $0 $5,472
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 $172,495 $109,933 $1,674,372 $62,562
2023 $56,955 $105,490 $1,612,076 $-48,535
2022 $111,524 $122,010 $1,661,317 $-10,486
2021 $97,837 $115,186 $1,672,794 $-17,349
2020 $30,469 $111,388 $1,690,143 $-80,919
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