JAMES A CULLEN MEMORIAL SCHOLARSHI… - Form 990 Financial Data

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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

1978

Legal Domicile

Tax Period

2020-01-01 to 2020-12-31

JAMES A CULLEN MEMORIAL SCHOLARSHIP FUND, founded in 1978, is a micro nonprofit that reported $1 in total revenue in fiscal year 2020. Revenue fell 90% from the prior year — a significant decline worth monitoring. Expenses of $2K exceeded revenue, resulting in a 180200% operating deficit.

Mission

THE FUNDS PRIMARY EXEMPT MISSION IS TO PROVIDE EDUCATIONAL SCHOLARSHIPS TO MEMBERS OF THE COMMUNITY AND TO PROVIDE PUBLIC SUPPORT TO OTHER CHARITIES.

Program Service Accomplishments

Program 1

THE FUND DOES NOT OPERATE ANY ACTIVE PROGRAMS; ITS PRIMARY EXEMPT FUNCTION IS TO PROVIDE SUPPORT TO OTHER PUBLIC CHARITIES AND TO INDIVIDUALS IN NEED OF EDUCATIONAL SCHOLARSHIPS. THE FUND DERIVES ITS OWN SUPPORT FROM SPECIAL EVENTS IT HOLDS ANNUALLY. THE REVENUES DERIVED FROM THESE EVENTS ARE USED TO SUPPORT THE FUNDS MISSION.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $1

Other Revenue $0

TOTAL REVENUE $1

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,803

TOTAL EXPENSES $1,803

Year-over-Year Comparison

	2020	2019	Change
Revenue	$1	$10	-0.9%
Expenses	$1,803	$12,478	-0.9%
Net Income	$-1,802	$-12,468	-0.9%

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
BRIAN C CULLEN	TREASURER	1.00	Officer Director	$0	$0	$0
THOMAS K CULLEN	SECRETARY	1.00	Officer Director	$0	$0	$0
JAMES A CULLEN Jr	PRESIDENT	1.00	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
2020	$1	$1,803	No data	$-1,802
2019	$10	$12,478	$1,802	$-12,468
2018	$5,727	$27,617	$14,270	$-21,890

JAMES A CULLEN MEMORIAL SCHOLARSHIP FUND