SMITH SHAVER LAW SCHOOL SCHOLARSHIP FUND INC (EIN 202749954) - 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

2005

Legal Domicile

Principal Officer

G EUGENE BOYCE

Phone

3364130695

Tax Period

2023-01-01 to 2023-12-31

SMITH SHAVER LAW SCHOOL SCHOLARSHIP FUND INC, founded in 2005, is a small nonprofit in the Education sector that reported $371K in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $331K left a modest 11% surplus.

Mission

TO PROMOTE AND ENCOURAGE EDUCATIONAL OPPORTUNITY AND EXCELLENCE THROUGH SCHOLARSHIPS, BASED PRIMARILY ON NEED, FOR NORTH CAROLINA RESIDENTS ATTENDING SUPPORTED NORTH CAROLINA LAW SCHOOLS

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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 $0

Program Service Revenue $0

Investment Income $371,127

Other Revenue $0

TOTAL REVENUE $371,127

Expense Breakdown

Grants Paid $300,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $300,000

Other Expenses $31,348

TOTAL EXPENSES $331,348

Year-over-Year Comparison

	2023	2022	Change
Revenue	$371,127	$548,290	-0.3%
Expenses	$331,348	$331,917	0.0%
Net Income	$39,779	$216,373	-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

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
KEITH W VAUGHAN	DIRECTOR, VICE PRESIDENT/BOARD VICE CHAIR	0.5	Officer Director	$0	$0	$0
G EUGENE BOYCE	DIRECTOR, PRESIDENT/BOARD CHAIR	1.2	Officer Director	$0	$0	$0
W DAVID EDWARDS	DIRECTOR, SECRETARY, TREASURER	2.5	Officer Director	$0	$0	$0
ARCH T ALLEN	DIRECTOR	0.5	Director	$0	$0	$0
WANDA G BRYANT	DIRECTOR	0.5	Director	$0	$0	$0
C COLON WILLOUGHBY JR	DIRECTOR	0.5	Director	$0	$0	$0
JOHN C MARTIN	DIRECTOR	0.5	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	No data	No data	No data	No data
2023	$371,127	$331,348	$6,607,489	$39,779
2022	$548,290	$331,917	$6,157,025	$216,373
2021	$561,053	$334,002	$7,448,879	$227,051
2020	$86,392	$331,310	$7,017,678	$-244,918

SMITH SHAVER LAW SCHOOL SCHOLARSHIP FUND INC