COLUMBIA ASSOCIATION NYC FIRE DEPARTMENT SCHOLARSHIP FUND INC (EIN 133204332) - 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

1983

Legal Domicile

Principal Officer

JOSEPH DEPAOLA

Phone

8455584410

Tax Period

2023-01-01 to 2023-12-31

COLUMBIA ASSOCIATION NYC FIRE DEPARTMENT SCHOLARSHIP FUND INC, founded in 1983, is a micro nonprofit in the Education sector that reported $42K in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $15K, a strong 35% operating margin.

Mission

TO PROVIDE SCHOLARSHIP GRANTS TO QUALIFYING APPLICANTS AND TO PROVIDE CHARITABLE CONTRIBUTIONS TO OTHER ORGANIZATION SCHOLARSHIP FUNDS AND OTHER CHARITABLE FUNCTIONS.

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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 $1,063

Program Service Revenue $0

Investment Income $15,239

Other Revenue $25,643

TOTAL REVENUE $41,945

Expense Breakdown

Grants Paid $17,300

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $27,176

Other Expenses $9,876

TOTAL EXPENSES $27,176

Year-over-Year Comparison

	2023	2022	Change
Revenue	$41,945	$63,750	-0.3%
Expenses	$27,176	$29,458	-0.1%
Net Income	$14,769	$34,292	-0.6%

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
JOSEPH DEPAOLA	VICE PRESIDE	1.00	Officer	$0	$0	$0
PAUL FISCHETTI	TREASURER	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	$41,945	$27,176	$457,236	$14,769
2022	$63,750	$29,458	$389,632	$34,292
2021	$48,885	$36,718	$447,561	$12,167
2020	$29,313	$47,074	$352,727	$-17,761
2019	$82,679	$28,607	$346,167	$54,072
2018	$103,002	$74,869	$290,908	$28,133

COLUMBIA ASSOCIATION NYC FIRE DEPARTMENT SCHOLARSHIP FUND INC