WOLVES SCHOLARSHIP CHARITABLE TRUST

EIN: 113698310 501(c)(3) Education

BOARDMAN, OH

Total Revenue
$128,566
Total Expenses
$32,283
Total Assets
$1,393,403
Net Assets
$1,393,403
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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
1999
Legal Domicile
OH
Principal Officer
LOUIS DIPAOLO
Phone
3305338308
Tax Period
2024-07-01 to 2025-06-30

WOLVES SCHOLARSHIP CHARITABLE TRUST, founded in 1999, is a small nonprofit in the Education sector that reported $129K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $96K, a strong 75% operating margin.

Mission

PRIMARY MISSION IS TO PROVIDE FINANCIAL ASSISTANCE IN THE FORM OF SCHOLARSHIPS TO GRADUATING SENIORS FROM THE HIGH SCHOOLS OF MAHONING COUNTY WHO ARE ENTERING THEIR FRESHMAN YEAR AT YOUNGSTOWN STATE UNIVERSITY

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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 $1,035
Program Service Revenue $0
Investment Income $113,293
Other Revenue $14,238
TOTAL REVENUE $128,566

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $30,011
Other Expenses $32,283
TOTAL EXPENSES $32,283

Year-over-Year Comparison

2024 2023 Change
Revenue $128,566 $94,781 +0.4%
Expenses $32,283 $27,320 +0.2%
Net Income $96,283 $67,461 +0.4%
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
7
Independent Members
7
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
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAY CERNI TRUSTEE N/A
Director
$0 $0 $0
TOM ONESTI TRUSTEE N/A
Director
$0 $0 $0
GINO RONDINELLI TRUSTEE N/A
Director
$0 $0 $0
PATRICK RUSSO TRUSTEE N/A
Director
$0 $0 $0
GREG STROLLO TRUSTEE N/A
Director
$0 $0 $0
MARK TAYLOR TRUSTEE N/A
Director
$0 $0 $0
JOSEPH VITELLO INVESTMENT A N/A
Director
$0 $0 $0
LOUIS DIPAOLO TRUSTEE N/A
Officer
$0 $0 $0
ANTHONY MONACO SECRETARY N/A
Officer
$0 $0 $0
WILLIAM VENNETTI TREASURER N/A
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
2025 $128,566 $32,283 $1,393,403 $96,283
2024 $94,781 $27,320 $1,217,601 $67,461
2023 $59,442 $24,478 $1,029,055 $34,964
2022 $89,797 $22,866 $932,099 $66,931
2021 $119,479 $24,103 $1,046,508 $95,376
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