BHFA SCHOLARSHIP FUND INC

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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

GREG CUMMINGS

Phone

3102781565

Tax Period

2024-01-01 to 2024-12-31

BHFA SCHOLARSHIP FUND INC, founded in 2007, is a small nonprofit in the Education sector that reported $102K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $99K, a strong 97% operating margin.

Mission

TO PROVIDE EDUCATIONAL SCHOLARSHIPS TO THE CHILDREN OF THE FIREFIGHTERS OF THE CITY OF BEVERLY HILLS.

Program Service Accomplishments

Program 1

Expenses: $1,750

TO PROVIDE EDUCATIONAL SCHOLARSHIP TO THE CHILDREN OF THE FIREFIGHTERS OF THE CITY OF BEVERLY HILLS.

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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 $88,054

Program Service Revenue $0

Investment Income $13,811

Other Revenue $0

TOTAL REVENUE $101,865

Expense Breakdown

Grants Paid $1,750

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,750

Other Expenses $1,531

TOTAL EXPENSES $3,281

Year-over-Year Comparison

	2024	2023	Change
Revenue	$101,865	$89,243	+0.1%
Expenses	$3,281	$53,016	-0.9%
Net Income	$98,584	$36,227	+1.7%

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

N/A

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
BRUNO PALMIERI	PRESIDENT	1.00	Officer	$0	$0	$0
MIKE STANLEY	1ST VICE PRESIDENT	1.00	Officer	$0	$0	$0
DEREK SANDERMAN	2ND VICE PRESIDENT	1.00	Officer	$0	$0	$0
JIMMY WEINSTEIN	SECRETARY	1.00	Officer	$0	$0	$0
GREG CUMMINGS	TREASURER	5.00	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
2024	$101,865	$3,281	$330,495	$98,584
2023	$89,243	$53,016	$253,777	$36,227
2022	$56,613	$73,460	$200,570	$-16,847
2021	$40,585	$55,996	$275,543	$-15,411
2020	$48,781	$30,046	$282,151	$18,735
2019	$61,174	$38,192	$244,865	$22,982
2018	$28,158	$22,537	$195,118	$5,621