THE MICHAEL C REILLY SCHOLARSHIP FUND INC (EIN 208826121) - 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

2007

Legal Domicile

Principal Officer

MICHAEL F REILLY

Phone

2019347365

Tax Period

2024-01-01 to 2024-12-31

THE MICHAEL C REILLY SCHOLARSHIP FUND INC, founded in 2007, is a micro nonprofit in the Education sector that reported $20K in total revenue in fiscal year 2024. Revenue surged 485% from the prior year, signaling strong growth momentum. Expenses of $102K exceeded revenue, resulting in a 404% operating deficit.

Mission

THE ORGANIZATION WAS CREATED TO SUPPORT THE FDNY COMMUNITY IN A DIFFERENT WAY BY MAKING A DONATION TO THE FDNY FIRE FAMILY TRANSPORT FOUNDATION LTD., WHICH PROVIDES SIGNIFICANT SUPPORT TO SICK AND INJURED MEMBERS OF THE FDNY FAMILY. SINCE 1993 THE FOUNDATION HAS PROVIDED TRANSPORTATION SERVICES TO FAMILIES WHO HAVE VISITED LOVED ONES IN HOSPITALS, SHUTTLED THEM TO MEDICAL APPOINTMENTS AND ATTENDED THEIR FUNERALS.

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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 $20,317

Other Revenue $0

TOTAL REVENUE $20,317

Expense Breakdown

Grants Paid $100,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $100,000

Other Expenses $2,331

TOTAL EXPENSES $102,331

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,317	$3,471	+4.9%
Expenses	$102,331	$2,538	+39.3%
Net Income	$-82,014	$933	-88.9%

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

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
MICHAEL F REILLY	PRESIDENT	N/A	Officer	$0	$0	$0
MONICA C REILLY	SECRETARY	N/A	Officer	$0	$0	$0
PAUL VAN DER VELDE	TREASURER	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	$20,317	$102,331	$5,604	$-82,014
2023	$3,471	$2,538	$98,856	$933
2022	$-956	$2,528	$89,507	$-3,484
2021	$6,396	$12,654	$104,139	$-6,258
2020	$-337	$2,478	$107,047	$-2,815
2019	$1,947	$2,434	$102,572	$-487
2018	$3,511	$25,615	$91,679	$-22,104

THE MICHAEL C REILLY SCHOLARSHIP FUND INC