NEW STAR SCHOLARSHIP FOUNDATION (EIN 200146963) - 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

2003

Legal Domicile

Principal Officer

JENNY NAM

Phone

2136320288

Tax Period

2023-01-01 to 2023-12-31

NEW STAR SCHOLARSHIP FOUNDATION, founded in 2003, is a micro nonprofit in the Education sector that reported $93K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $187K exceeded revenue, resulting in a 102% operating deficit.

Mission

PROVIDING SCHOLARSHIPS THAT ARE DESIGNED TO PROVIDE FINANCIAL AIDS TO STUDENTS PURSUING HIGH SCHOOL AND/OR COLLEGE EDUCATION BASED ON HIS OR HER ABILITY TO DEMONSTRATE ACADEMIC ACHEIVEMENT, FINANCIAL NEEDS, PERSONAL STRENGTH, AND FUTURE LEADERSHIP.

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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 $78,991

Program Service Revenue $0

Investment Income $13,978

Other Revenue $0

TOTAL REVENUE $92,969

Expense Breakdown

Grants Paid $138,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $138,500

Other Expenses $48,908

TOTAL EXPENSES $187,408

Year-over-Year Comparison

	2023	2022	Change
Revenue	$92,969	$117,907	-0.2%
Expenses	$187,408	$227,538	-0.2%
Net Income	$-94,439	$-109,631	-0.1%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNY NAM	CEO	N/A	Officer	$0	$0	$0
AMY NAM	CFO	N/A	Officer	$0	$0	$0
SERGIO SUNG	SECRETARY	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
2024	No data	No data	No data	No data
2023	$92,969	$187,408	$414,182	$-94,439
2022	$117,907	$227,538	$507,621	$-109,631
2021	$292,381	$102,330	$617,252	$190,051
2020	$132,641	$87,578	$427,201	$45,063
2019	$187,117	$96,010	$382,138	$91,107
2018	$130,861	$172,155	$291,827	$-41,294

NEW STAR SCHOLARSHIP FOUNDATION