CLYDE RUSSELL SCHOLARSHIP FUND (EIN 222535972) - 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

1989

Legal Domicile

Principal Officer

RACHELLE BRISTOL

Phone

2076225866

Tax Period

2023-09-01 to 2024-08-31

CLYDE RUSSELL SCHOLARSHIP FUND, founded in 1989, is a micro nonprofit that reported $56K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $51K left a modest 9% surplus.

Mission

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

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $55,644

Other Revenue $0

TOTAL REVENUE $55,644

Expense Breakdown

Grants Paid $21,000

Salaries & Benefits $4,078

Fundraising Expenses $0

Program Expenses $21,000

Other Expenses $25,469

TOTAL EXPENSES $50,547

Year-over-Year Comparison

	2023	2022	Change
Revenue	$55,644	$60,318	-0.1%
Expenses	$50,547	$54,199	-0.1%
Net Income	$5,097	$6,119	-0.2%

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

$481,275

Total Directors

$732,551

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RACHELLE BRISTOL	VICE CHAIR	1.00	Officer Director	$0	$83,192	$282,051
TAMMY SIMPSON	SECRETARY TO THE TRUSTEE	3.00	Director	$0	$86,321	$245,094
GRACE LEAVITT	CHAIR (THRU 07/24)	1.00	Officer Director	$0	$44,379	$183,733
JESSE HARGROVE	CHAIR	1.00	Officer Director	$0	$0	$15,491
JANICE MURPHY	TRUSTEE (THRU 07/24)	1.00	Director	$0	$0	$3,091
TOM WALSH	TRUSTEE	1.00	Director	$0	$0	$3,091
REBECCA MILLETT	TRUSTEE	1.00	Director	$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	$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

CLYDE RUSSELL SCHOLARSHIP FUND