MARINE CORPS SCHOLARSHIP FOUNDATION INC (EIN 221905062) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1962

Legal Domicile

Principal Officer

EDWARD PROBERT JR

Phone

7035490060

Tax Period

2022-07-01 to 2023-06-30

MARINE CORPS SCHOLARSHIP FOUNDATION INC, founded in 1962, is a mid-sized nonprofit in the Education sector that reported $19.0M in total revenue in fiscal year 2018. Revenue surged 141% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.9M, a strong 15% operating margin.

Mission

TO PROVIDE SCHOLARSHIPS TO THE CHILDREN OF MARINES & NAVY CORPSMEN ATTENDING POST-HIGH SCHOOL, UNDERGRADUATE, AND CAREER TECHNICAL EDUCATION PROGRAMS

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $18,153,247

Program Service Revenue $0

Investment Income $756,664

Other Revenue $3,463,890

TOTAL REVENUE $22,373,801

Expense Breakdown

Grants Paid $10,468,562

Salaries & Benefits $4,091,307

Fundraising Expenses $4,456,462

Program Expenses $12,745,411

Other Expenses $4,151,587

TOTAL EXPENSES $19,178,181

Year-over-Year Comparison

	2022	2021	Change
Revenue	$22,373,801	$37,411,876	-0.4%
Expenses	$19,178,181	$17,245,029	+0.1%
Net Income	$3,195,620	$20,166,847	-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

Volunteers

294

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

$682,965

Total Directors

$331,410

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD PROBERT	PRESIDENT AND CEO	37.50	Officer Director	$314,308	$17,102	$331,410
ROBERT B NELLER	CHAIR	1.00	Officer Director	$0	$0	$0
ERIC J CANDELORI	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RICHARD D STEPHENS	TREASURER	1.00	Officer Director	$0	$0	$0
STEVEN M POST	GENERAL COUNSEL	1.00	Officer Director	$0	$0	$0
CHARLES F BOLDEN JR	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH F BOULOS	DIRECTOR	1.00	Director	$0	$0	$0
MIGUEL EATON	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE J FLYNN	DIRECTOR	1.00	Director	$0	$0	$0
STEVE FUSCO	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER HAZELTON	DIRECTOR	1.00	Director	$0	$0	$0
DAN HENDERSON	DIRECTOR	1.00	Director	$0	$0	$0
KEITH M JONES	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT E JOYCE JR	DIRECTOR	1.00	Director	$0	$0	$0
PAUL KENNEDY	DIRECTOR	1.00	Director	$0	$0	$0
MARGARET G KIBBEN	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT LARUE	DIRECOTR	1.00	Director	$0	$0	$0
FRANK D MARTELL	DIRECTOR	1.00	Director	$0	$0	$0
PETER MCCALLUM	DIRECTOR	1.00	Director	$0	$0	$0
DAN NELSON	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA D PALMISCIANO	DIRECTOR	1.00	Director	$0	$0	$0
GREG PARSONS	DIRECTOR	1.00	Director	$0	$0	$0
PAUL POHL	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT W SCHRODER	DIRECTOR	1.00	Director	$0	$0	$0
HARVEY SEEGERS	DIRECTOR	1.00	Director	$0	$0	$0
HENRY STOEVER	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
TRACY GARRETT	DIRECTOR UNTIL OCT 2022	1.00	Director	$0	$0	$0
MATTHEW GANTZ	DIRECTOR UNTIL OCT 2022	1.00	Director	$0	$0	$0
FRANK J GAUDIO	DIRECTOR UNTIL OCT 2022	1.00	Director	$0	$0	$0
SUSAN E MORRISON	DIRECTOR UNTIL JUNE 2023	1.00	Director	$0	$0	$0
MICHAEL G MULLEN	DIRECTOR UNTIL JAN 2023	1.00	Director	$0	$0	$0
SARAH TONIZZO	CHIEF FINANCIAL OFFICER	37.50	Officer	$140,042	$7,408	$147,450
HAROLD VAN OPDORP	CHIEF OPERATING OFFICER	37.50	Officer	$198,985	$5,120	$204,105
COURTNEY BALSON	CHIEF ADVANCEMENT OFFICER	37.50	Highest	$163,288	$12,512	$175,800
JEANNA ADAMS	CHIEF SCHOLARSHIP OFFICER	37.50	Highest	$153,597	$11,878	$165,475
JEANINE CAVICCHIA	DIR. OF DEVELOPMENT UNTIL MAR 2023	37.50	Highest	$136,461	$8,313	$144,774
KEITH H MOORE	DIRECTOR OF DEVELOPMENT	37.50	Highest	$129,506	$12,801	$142,307
ASHLEY SAVILLE	DIR. OF DEVELOPMENT UNTIL MAY 2022	37.50	Highest	$150,193	$10,747	$160,940

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$22,373,801	$19,178,181	$160,956,122	$3,195,620
2022	$37,411,876	$17,245,029	$143,461,620	$20,166,847
2021	$34,285,716	$15,244,061	$149,128,193	$19,041,655
2020	$21,228,504	$14,832,003	$126,336,184	$6,396,501
2019	$18,994,597	$16,075,550	$119,106,857	$2,919,047

MARINE CORPS SCHOLARSHIP FOUNDATION INC