NICHOLAS JENNINGS MEMORIAL SCHOLARSHIP FUND TRUST (EIN 203392776) - 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

2013

Legal Domicile

Principal Officer

DAVID J JENNINGS

Phone

6038839206

Tax Period

2024-01-01 to 2024-12-31

NICHOLAS JENNINGS MEMORIAL SCHOLARSHIP FUND TRUST, founded in 2013, is a small nonprofit in the Education sector that reported $112K in total revenue in fiscal year 2024. Revenue surged 55% from the prior year, signaling strong growth momentum. The organization ran a surplus of $104K, a strong 93% operating margin.

Mission

FUND SCHOLARSHIPS TO HIGH SCHOOL SENIORS WHO ATTEND HOLLIS, BROOKLINE, NASHUA, HUDSON, MILFORD OR MERRIMACK, NH 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $16,438

Other Revenue $95,208

TOTAL REVENUE $111,646

Expense Breakdown

Grants Paid $7,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,000

Other Expenses $1,125

TOTAL EXPENSES $8,125

Year-over-Year Comparison

	2024	2023	Change
Revenue	$111,646	$72,087	+0.5%
Expenses	$8,125	$8,075	+0.0%
Net Income	$103,521	$64,012	+0.6%

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
DAVID JENNINGS	TRUSTEE	2.00	Director	$0	$0	$0
ZACHARY JENNINGS	TRUSTEE	2.00	Director	$0	$0	$0
RICHARD V CIMON JR	TRUSTEE	2.00	Director	$0	$0	$0
HEATHER LAMBERT	TRUSTEE	2.00	Director	$0	$0	$0
MARK LAMBERT	TRUSTEE	2.00	Director	$0	$0	$0
KATHLEEN LARPENTER	TRUSTEE	2.00	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	$111,646	$8,125	$682,307	$103,521
2023	$72,087	$8,075	$596,250	$64,012
2022	$84,944	$8,547	$455,356	$76,397

NICHOLAS JENNINGS MEMORIAL SCHOLARSHIP FUND TRUST