THE THOMAS R ELSASSER MEMORIAL SCHOLARSHIP FUND INC (EIN 133661508) - 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

1992

Legal Domicile

Principal Officer

KEVIN E GALLAGHER

Phone

2126834832

Tax Period

2023-08-01 to 2024-07-31

THE THOMAS R ELSASSER MEMORIAL SCHOLARSHIP FUND INC, founded in 1992, is a small nonprofit that reported $556K in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum. Net assets of $4.0M represent 87 months of operating reserves.

Mission

TO COLLECT CONTRIBUTIONS ON BEHALF OF DECEASED MEMBERS.

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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 $419,687

Program Service Revenue $0

Investment Income $136,273

Other Revenue $90

TOTAL REVENUE $556,050

Expense Breakdown

Grants Paid $539,431

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $539,431

Other Expenses $45,299

TOTAL EXPENSES $584,730

Year-over-Year Comparison

	2023	2022	Change
Revenue	$556,050	$375,600	+0.5%
Expenses	$584,730	$528,434	+0.1%
Net Income	$-28,680	$-152,834	-0.8%

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

$169,904

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN E GALLAGHER	CHAIRMAN	1.00	Director	$0	$0	$0
ANDREW ANSBRO	CO-CHAIRMAN	1.00	Director	$0	$3,333	$169,904
ROBERT STRAUB	TREASURER	1.00	Director	$0	$0	$0
SHEILA PETTIT	SECRETARY	1.00	Director	$0	$0	$0
MICHAEL BLOCK	DIRECTOR	1.00	Director	$0	$0	$0
EDDIE BURKE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL BURKE	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM KAMMERER	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS LAMACCHIA	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM NOLAN	DIRECTOR	1.00	Director	$0	$0	$0
STAN REIMER	DIRECTOR	1.00	Director	$0	$0	$0
TROY ROBERTS	DIRECTOR	1.00	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
2024	$556,050	$584,730	$4,031,838	$-28,680
2023	$375,600	$528,434	$3,688,462	$-152,834
2022	$670,293	$507,597	$3,644,825	$162,696
2021	$513,854	$460,414	$3,964,438	$53,440
2020	$81,376	$408,235	$3,397,811	$-326,859
2019	$319,917	$393,640	$3,574,262	$-73,723
2018	$294,271	$467,915	$3,663,522	$-173,644

THE THOMAS R ELSASSER MEMORIAL SCHOLARSHIP FUND INC