IRMA & MACY CHAMBERLIN SCHOLARSHIP… - 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

1981

Legal Domicile

Principal Officer

Susan S Kleinfelder

Tax Period

2024-07-01 to 2025-06-30

IRMA & MACY CHAMBERLIN SCHOLARSHIP FUND, founded in 1981, is a micro nonprofit that reported $10K in total revenue in fiscal year 2024. Expenses of $15K exceeded revenue, resulting in a 55% operating deficit.

Mission

EVERY YEAR TO PROVIDE A SCHOLARSHIP TO ADVANCE THE EDUCATION OF A MEMBER OF THE GRADUATING CLASS OF THE HUNTER-TANNERSVILLE CENTRAL SCHOOL. EACH RECIPIENT MUST REMAIN IN GOOD ACADEMIC STANDING TO RECEIVE THE SCHOLARSHIP FOR ALL FOUR YEARS OF THEIR COLLEGE CAREER.

Program Service Accomplishments

Program 1

Expenses: $15,092

THE SCHOLARSHIP FUND PROVIDES QUALIFIED STUDENTS WITH COLLEGE SCHOLARSHIPS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $9,765

Other Revenue $0

TOTAL REVENUE $9,765

Expense Breakdown

Grants Paid $10,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $15,092

Other Expenses $4,592

TOTAL EXPENSES $15,092

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,765	$9,218	+0.1%
Expenses	$15,092	$14,584	+0.0%
Net Income	$-5,327	$-5,366	0.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VINCENT BUTERA	Trustee	0.10	Director	$0	$0	$0
ISMAEL VILLAFANE	Trustee	0.10	Director	$0	$0	$0
BOBBI SCHMITT	Trustee	0.00	Director	$0	$0	$0
S MACY KLEINFELDER	Trustee	0.50	Director	$0	$0	$0
Susan S Kleinfelder	Treasurer	0.10	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
2025	$9,765	$15,092	$473,093	$-5,327
2024	$9,218	$14,584	$439,370	$-5,366
2023	$7,679	$14,184	$400,328	$-6,505
2022	$14,559	$14,289	$364,980	$270
2021	$17,112	$13,529	$418,263	$3,583
2020	$28,444	$14,500	$344,248	$13,944
2019	$23,435	$11,334	$342,780	$12,101
2018	$10,084	$8,787	$318,874	$1,297

IRMA & MACY CHAMBERLIN SCHOLARSHIP FUND