NJCPA SCHOLARSHIP FUND (EIN 222291384) - 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

1960

Legal Domicile

Principal Officer

AIYSHA JOHNSON

Phone

9732264494

Tax Period

2024-06-01 to 2025-05-31

NJCPA SCHOLARSHIP FUND, founded in 1960, is a small nonprofit that reported $391K in total revenue in fiscal year 2024. The organization ran a surplus of $96K, a strong 25% operating margin.

Mission

TO ATTRACT THE BEST & THE BRIGHTEST OF NJ STUDENTS & RESIDENTS TO THE ACCOUNTING PROFESSION & TO SUPPORT ATTAINING THE CPA DESIGNATION.

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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 $294,736

Program Service Revenue $10,500

Investment Income $85,868

Other Revenue $0

TOTAL REVENUE $391,104

Expense Breakdown

Grants Paid $167,985

Salaries & Benefits $64,154

Fundraising Expenses $8,675

Program Expenses $232,404

Other Expenses $63,028

TOTAL EXPENSES $295,167

Year-over-Year Comparison

	2024	2023	Change
Revenue	$391,104	$364,626	+0.1%
Expenses	$295,167	$335,886	-0.1%
Net Income	$95,937	$28,740	+2.3%

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

339

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

$533,882

Total Directors

$351,416

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AIYSHA JOHNSON	VICE PRESIDENT	3.00	Officer Director	$6,455	$28,687	$351,416
ANGELA GAROFALO	PRESIDENT	1.20	Officer Director	$0	$0	$0
BAYAAN A OLUYADI	TRUSTEE	0.50	Director	$0	$0	$0
JOHN M SZCZOMAK	TRUSTEE	0.50	Director	$0	$0	$0
JOSEPH A MCGRATH JR	TRUSTEE	0.50	Director	$0	$0	$0
JOSEPH W ZAPF	TRUSTEE	0.50	Director	$0	$0	$0
JUNE TOTH	TRUSTEE	0.50	Director	$0	$0	$0
KAREN J LEE	TRUSTEE	0.50	Director	$0	$0	$0
PATRICK CHONG	TRUSTEE	0.50	Director	$0	$0	$0
REYNOLD PETER CICALESE III	TRUSTEE	0.50	Director	$0	$0	$0
ROBERT A FODERA	TREASURER	0.80	Officer Director	$0	$0	$0
THOMAS PEDERSEN	SECRETARY	0.50	Officer Director	$0	$0	$0
GREG TONDI	DIR. OF FIN. & ADMIN	1.50	Officer	$6,155	$28,594	$182,466

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	$391,104	$295,167	$3,024,965	$95,937
2024	$364,626	$335,886	$2,824,790	$28,740
2023	$619,373	$406,982	$2,526,558	$212,391
2022	$328,200	$446,843	$2,746,310	$-118,643
2021	$216,089	$435,089	$3,078,409	$-219,000
2020	$481,844	$486,870	$2,817,473	$-5,026
2019	$451,897	$529,444	$2,890,735	$-77,547
2018	$467,605	$515,597	$3,109,138	$-47,992

NJCPA SCHOLARSHIP FUND