MCELDOWNEY ACADEMIC SCHOLARSHIP FUND

EIN: 200403104 501(c)(3) Education

ALTOONA, PA

Total Revenue
$26,371
Total Expenses
$37,064
Total Assets
$27,663
Net Assets
$27,663
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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
2004
Legal Domicile
PA
Principal Officer
EILEEN MCELDOWNEY
Phone
8149436734
Tax Period
2025-01-01 to 2025-12-31

MCELDOWNEY ACADEMIC SCHOLARSHIP FUND, founded in 2004, is a micro nonprofit in the Education sector that reported $26K in total revenue in fiscal year 2025. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $37K exceeded revenue, resulting in a 41% operating deficit.

Mission

PROVIDE 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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $6,500
Program Service Revenue $0
Investment Income $1
Other Revenue $19,870
TOTAL REVENUE $26,371

Expense Breakdown

Grants Paid $29,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $29,000
Other Expenses $8,064
TOTAL EXPENSES $37,064

Year-over-Year Comparison

2025 2024 Change
Revenue $26,371 $34,628 -0.2%
Expenses $37,064 $35,373 +0.0%
Net Income $-10,693 $-745 +13.4%
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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Governance

Voting Members
15
Independent Members
15
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
6
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICIA TREXLER TRUSTEE 2.00
Director
$0 $0 $0
HEATHER DIEHL TRUSTEE 2.00
Director
$0 $0 $0
RICHARD MCELDOWNEY TRUSTEE 2.00
Director
$0 $0 $0
MICHAEL BYRNE TRUSTEE 2.00
Director
$0 $0 $0
JODI BAUM TRUSTEE 2.00
Director
$0 $0 $0
LYNNE MCDONOUGH TRUSTEE 2.00
Director
$0 $0 $0
SCOTT MCELDOWNEY TRUSTEE 2.00
Director
$0 $0 $0
TIMOTHY CASSIDY TRUSTEE 2.00
Director
$0 $0 $0
FREDERICK LAMBERT TRUSTEE 2.00
Director
$0 $0 $0
MICHAEL MCDONOUGH PRESIDENT 3.00
Officer
$0 $0 $0
DONALD MCDONOUGH VICE-PRESIDENT 1.00
Officer
$0 $0 $0
MICHELE MCDONOUGH SECRETARY 1.00
Officer
$0 $0 $0
SANDRA PRITTS FINANCIAL SECRETARY 1.00
Officer
$0 $0 $0
BRITTANY HATCH TREASURER 1.00
Officer
$0 $0 $0
EILEEN MCELDOWNEY CHAIRPERSON 8.00
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
2025 $26,371 $37,064 $27,663 $-10,693
2024 $34,628 $35,373 $38,356 $-745
2023 $40,906 $27,733 $39,101 $13,173
2022 $36,815 $26,810 $25,928 $10,005
2021 $13,571 $14,726 $15,923 $-1,155
2020 $25,240 $25,985 $17,078 $-745
2019 $27,204 $34,127 $17,823 $-6,923
2018 $39,932 $38,648 $24,835 $1,284
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