FASHION SCHOLARSHIP FUND (EIN 208513748) - 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

2006

Legal Domicile

Principal Officer

MARC MASTRONARDI

Phone

2122780008

Tax Period

2023-08-01 to 2024-07-31

FASHION SCHOLARSHIP FUND, founded in 2006, is a community nonprofit in the Education sector that reported $3.4M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $4.0M exceeded revenue, resulting in a 20% operating deficit.

Mission

TO PROMOTE EDUCATION OF THE FASHION ARTS AND BUSINESS BY GRANTING SCHOLARSHIPS TO TALENTED STUDENTS AND FACILITATING INTERNSHIPS, MENTORSHIPS, AND CAREER PROGRAMS.

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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 $3,571,795

Program Service Revenue $0

Investment Income $581,241

Other Revenue $-788,821

TOTAL REVENUE $3,364,215

Expense Breakdown

Grants Paid $1,629,577

Salaries & Benefits $1,110,606

Fundraising Expenses $495,791

Program Expenses $3,148,315

Other Expenses $1,209,108

TOTAL EXPENSES $4,020,441

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,364,215	$3,080,152	+0.1%
Expenses	$4,020,441	$3,422,722	+0.2%
Net Income	$-656,226	$-342,570	+0.9%

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

Volunteers

130

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

$495,609

Total Directors

$495,609

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER ARNOLD	EXECUTIVE DIRECTOR, SECRETARY	40.00	Officer Director	$461,413	$34,196	$495,609
MARC MASTRONARDI	CHAIRMAN	2.00	Officer Director	$0	$0	$0
JOHN TIGHE	PRESIDENT	2.00	Officer Director	$0	$0	$0
YEHUDA SHMIDMAN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
HEATH GOLDEN	TREASURER	2.00	Officer Director	$0	$0	$0
MIKE ALIC	DIRECTOR	2.00	Director	$0	$0	$0
SAM ARCHIBALD	DIRECTOR	2.00	Director	$0	$0	$0
KEITH BAPTISTA	DIRECTOR THRU JUL 2024	2.00	Director	$0	$0	$0
CAROLYN D'ANGELO	DIRECTOR	2.00	Director	$0	$0	$0
NATA DVIR	DIRECTOR	2.00	Director	$0	$0	$0
HOWARD FELLER	DIRECTOR	2.00	Director	$0	$0	$0
MIKE FRALIX	DIRECTOR	2.00	Director	$0	$0	$0
KIERA GANANN	DIRECTOR	2.00	Director	$0	$0	$0
ALEX GRINBERG	DIRECTOR	2.00	Director	$0	$0	$0
CELESTE GUDAS	DIRECTOR	2.00	Director	$0	$0	$0
STACIE HENDERSON-CAPECE	MINUTOLO DIRECTOR	2.00	Director	$0	$0	$0
DAVID KATZ	DIRECTOR	2.00	Director	$0	$0	$0
MATT LAUKAITIS	DIRECTOR	2.00	Director	$0	$0	$0
JESSICA LOMAX	DIRECTOR	2.00	Director	$0	$0	$0
MECCA MITCHELL	DIRECTOR	2.00	Director	$0	$0	$0
KENNETH NOLAN	DIRECTOR	2.00	Director	$0	$0	$0
DAN ORWIG	DIRECTOR	2.00	Director	$0	$0	$0
KRISTIN REHBERG	DIRECTOR	2.00	Director	$0	$0	$0
PAUL ROSENGARD	DIRECTOR	2.00	Director	$0	$0	$0
HEATHER ROUSSEL	DIRECTOR	2.00	Director	$0	$0	$0
EMILIE RUBINFELD	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL SETOLA	DIRECTOR	2.00	Director	$0	$0	$0
STANLEY SILVERSTEIN	DIRECTOR	2.00	Director	$0	$0	$0
DAVID SIRKIN	DIRECTOR THRU JUL 2024	2.00	Director	$0	$0	$0
AMANDA SMITH	DIRECTOR	2.00	Director	$0	$0	$0
GENA SMITH	DIRECTOR	2.00	Director	$0	$0	$0
CHIP THOMPSON	DIRECTOR	2.00	Director	$0	$0	$0
LANA TODOROVICH	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER VECCHIO	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE WLAZLO	DIRECTOR	2.00	Director	$0	$0	$0
MARIE COLLETTA	DIRECTOR OF ED PROGRAMS	40.00	Highest	$137,459	$25,616	$163,075

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	$3,364,215	$4,020,441	$26,155,903	$-656,226
2023	$3,080,152	$3,422,722	$25,303,770	$-342,570
2022	$21,006,937	$2,849,873	$25,057,087	$18,157,064
2021	$2,500,994	$2,229,074	$7,380,835	$271,920
2019	$2,992,578	$2,491,463	$7,094,788	$501,115
2018	$1,665,198	$2,440,458	$6,440,613	$-775,260

FASHION SCHOLARSHIP FUND