MANCHESTER SCHOLARSHIP FOUNDATION INC (EIN 066076924) - 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

1965

Legal Domicile

Principal Officer

DAVID CASS

Phone

8606451673

Tax Period

2023-01-01 to 2023-12-31

MANCHESTER SCHOLARSHIP FOUNDATION INC, founded in 1965, is a community nonprofit in the Education sector that reported $2.7M in total revenue in fiscal year 2023. Revenue surged 210% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 58% operating margin.

Mission

THE FOUNDATION AWARDS SCHOLARSHIPS TO STUDENTS ATTENDING ACCREDITED COLLEGES AND UNIVERSITIES OR OTHER POST SECONDARY SCHOOLS ON A FULL-TIME BASIS. APPLICANTS MUST BE GRADUATING HIGH SCHOOL AND/OR RESIDENTS OF MANCHESTER. AWARDS ARE BASED ON A COMBINATION OR SCHOLASTIC ACHIEVEMENT, FINANCIAL NEED, AND SCHOOL COMMUNITY ACTIVITIES.

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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 $337,055

Program Service Revenue $0

Investment Income $2,365,384

Other Revenue $0

TOTAL REVENUE $2,702,439

Expense Breakdown

Grants Paid $1,054,125

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,061,624

Other Expenses $89,434

TOTAL EXPENSES $1,143,559

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,702,439	$870,610	+2.1%
Expenses	$1,143,559	$1,046,891	+0.1%
Net Income	$1,558,880	$-176,281	-9.8%

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

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
JENNIFER FIERECK STARTED 112023	DIRECTOR	1.00	Director	$0	$0	$0
FRANK STRANO RESIGNED 92023	DIRECTOR	1.00	Director	$0	$0	$0
BEN CARBONETTI	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL DARBY	DIRECTOR	1.00	Director	$0	$0	$0
KATHY DYER	DIRECTOR	1.00	Director	$0	$0	$0
MARY ANN HAYWARD	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE KOEHLER	DIRECTOR	1.00	Director	$0	$0	$0
KELLY LIERZER	DIRECTOR	1.00	Director	$0	$0	$0
CAROL POWELL	DIRECTOR	1.00	Director	$0	$0	$0
HOLLY SCHAEFER	DIRECTOR	1.00	Director	$0	$0	$0
BEN TABACHNICK	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HIGGINS UNITL 122023	TREASURER	1.00	Officer	$0	$0	$0
NANCY ROBERTS UNTIL 92023	SECRETARY	1.00	Officer	$0	$0	$0
NANCY BRAY	PRESIDENT	1.00	Officer	$0	$0	$0
DAVID CASS	SECRETARY	1.00	Officer	$0	$0	$0
ROBIN MURDOCK-MEGGERS	VICE PRESIDE	1.00	Officer	$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	$2,702,439	$1,143,559	$24,194,785	$1,558,880
2022	$870,610	$1,046,891	$23,486,119	$-176,281
2021	$7,063,013	$821,689	$23,662,400	$6,241,324
2020	$769,097	$778,683	$17,421,076	$-9,586
2019	$2,201,544	$748,612	$17,430,662	$1,452,932
2018	$7,318,689	$676,167	$15,977,730	$6,642,522

MANCHESTER SCHOLARSHIP FOUNDATION INC