CARNEY SCHOLARSHIP FOUNDATION INC (EIN 222475037) - 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

1983

Legal Domicile

Principal Officer

ELAINE DALY

Phone

8607684652

Tax Period

2025-01-01 to 2025-12-31

CARNEY SCHOLARSHIP FOUNDATION INC, founded in 1983, is a small nonprofit that reported $194K in total revenue in fiscal year 2025. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $220K exceeded revenue, resulting in a 14% operating deficit.

Mission

TO PROVIDE EDUCATIONAL SCHOLARSHIPS

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $193,529

Other Revenue $0

TOTAL REVENUE $193,529

Expense Breakdown

Grants Paid $190,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $190,000

Other Expenses $30,432

TOTAL EXPENSES $220,432

Year-over-Year Comparison

	2025	2024	Change
Revenue	$193,529	$140,408	+0.4%
Expenses	$220,432	$203,648	+0.1%
Net Income	$-26,903	$-63,240	-0.6%

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
KATHERINE DEACON	TRUSTEE	N/A	Director	$0	$0	$0
PETER SWEENEY	TRUSTEE	N/A	Director	$0	$0	$0
ELAINE DALY	SECRETARY/TR	N/A	Officer	$0	$0	$0
DAVID P HUSSEY	PRESIDENT	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
2025	$193,529	$220,432	$4,505,721	$-26,903
2024	$140,408	$203,648	$4,136,287	$-63,240
2023	$41,192	$200,925	$3,785,434	$-159,733
2022	$35,785	$201,378	$3,429,686	$-165,593
2021	$430,804	$213,587	$4,212,416	$217,217
2020	$271,442	$311,131	$3,943,411	$-39,689
2019	$161,805	$169,273	$3,835,394	$-7,468
2018	$262,108	$161,308	$3,359,694	$100,800
2017	$170,628	$161,923	$3,723,325	$8,705

CARNEY SCHOLARSHIP FOUNDATION INC