CLYDE RUSSELL SCHOLARSHIP FUND

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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

1989

Legal Domicile

Principal Officer

RACHELLE BRISTOL

Phone

2076225866

Tax Period

2024-09-01 to 2025-08-31

CLYDE RUSSELL SCHOLARSHIP FUND, founded in 1989, is a micro nonprofit that reported $55K in total revenue in fiscal year 2024. Net assets of $1.2M represent 259 months of operating reserves.

Mission

TO PROVIDE SCHOLARSHIPS TO MAINE RESIDENTS, INCLUDING BUT NOT LIMITED TO, THOSE WHO PURSUE THE TEACHING PROFESSION.

Program Service Accomplishments

Program 1

Expenses: $29,750 Revenue: $0

TO PROVIDE SCHOLARSHIPS, GRANTS, LOANS, OR GIFTS TO RESIDENTS OF MAINE, INCLUDING BUT NOT LIMITED TO THOSE WHO PURSUE THE TEACHING PROFESSION WITH THE INTENT TO ADVANCE CULTURAL AND EDUCATIONAL...

TO PROVIDE SCHOLARSHIPS, GRANTS, LOANS, OR GIFTS TO RESIDENTS OF MAINE, INCLUDING BUT NOT LIMITED TO THOSE WHO PURSUE THE TEACHING PROFESSION WITH THE INTENT TO ADVANCE CULTURAL AND EDUCATIONAL OPPORTUNITIES FOR THE RESIDENTS OF MAINE.

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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 $55,285

Other Revenue $0

TOTAL REVENUE $55,285

Expense Breakdown

Grants Paid $29,750

Salaries & Benefits $781

Fundraising Expenses $0

Program Expenses $29,750

Other Expenses $25,128

TOTAL EXPENSES $55,659

Year-over-Year Comparison

	2024	2023	Change
Revenue	$55,285	$55,644	0.0%
Expenses	$55,659	$50,547	+0.1%
Net Income	$-374	$5,097	-1.1%

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

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

$389,402

Total Directors

$649,730

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RACHELLE BRISTOL	VICE CHAIR	1.00	Officer Director	$0	$90,012	$294,062
TAMMY SIMPSON	SECRETARY TO THE TRUSTEE	3.00	Director	$0	$92,786	$255,539
JESSE HARGROVE	CHAIR	1.00	Officer Director	$0	$21,871	$95,340
VALERIE PINKHAM	TRUSTEE	1.00	Director	$0	$0	$3,175
MICHAEL GRILLO	TRUSTEE	1.00	Director	$0	$0	$1,614

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	$55,285	$55,659	$1,194,085	$-374
2024	$55,644	$50,547	$1,213,111	$5,097
2023	$60,318	$54,199	$1,110,601	$6,119
2022	$70,957	$60,642	$1,081,475	$10,315
2021	$49,038	$45,667	$1,265,464	$3,371
2020	$31,787	$48,653	$1,040,655	$-16,866
2019	$42,917	$52,251	$1,037,190	$-9,334
2018	$47,899	$56,138	$1,045,858	$-8,239