WADLEIGH SCHOLARS PROGRAM INC (EIN 133562912) - 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

1990

Legal Domicile

Principal Officer

Christopher Auguste

Phone

2127159265

Tax Period

2023-01-01 to 2023-12-31

WADLEIGH SCHOLARS PROGRAM INC, founded in 1990, is a micro nonprofit that reported $39K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $46K exceeded revenue, resulting in a 17% operating deficit.

Mission

To assists students of color in applying to independent, private boarding schools and their families.

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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 $39,013

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $39,013

Expense Breakdown

Grants Paid $41,461

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $45,539

Other Expenses $4,078

TOTAL EXPENSES $45,539

Year-over-Year Comparison

	2023	2022	Change
Revenue	$39,013	$35,964	+0.1%
Expenses	$45,539	$33,371	+0.4%
Net Income	$-6,526	$2,593	-3.5%

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

N/A

Independent Members

N/A

Employees

N/A

Volunteers

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
Derrick Wallace	Director	6	Officer Director Key Emp	$0	$0	$0
Ralph Spooner	Vice President	6	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$39,013	$45,539	$168,072	$-6,526
2022	$35,964	$33,371	$174,598	$2,593
2021	$44,014	$30,040	$172,005	$13,974
2020	$25,993	$20,241	$158,031	$5,752
2019	$37,213	$38,888	$152,279	$-1,675
2018	$30,825	$27,872	$153,954	$2,953

WADLEIGH SCHOLARS PROGRAM INC