THOMAS I GLASSER MEMORIAL SCHOLARSHIP FUND INC (EIN 223769485) - 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

2001

Legal Domicile

Principal Officer

MICHAEL CANTONE

Phone

9087715599

Tax Period

2022-10-01 to 2023-09-30

THOMAS I GLASSER MEMORIAL SCHOLARSHIP FUND INC, founded in 2001, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $36K in total revenue in fiscal year 2022. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $21K, a strong 60% operating margin.

Mission

PROVIDING SCHOLARSHIP TO STUDENTS SEEKING DEGREES IN HIGHER EDUCATION

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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 (2022)

Revenue Breakdown

Contributions & Grants $20,000

Program Service Revenue $0

Investment Income $14,105

Other Revenue $1,918

TOTAL REVENUE $36,023

Expense Breakdown

Grants Paid $12,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $14,561

Other Expenses $2,561

TOTAL EXPENSES $14,561

Year-over-Year Comparison

	2022	2021	Change
Revenue	$36,023	$28,431	+0.3%
Expenses	$14,561	$18,248	-0.2%
Net Income	$21,462	$10,183	+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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS RICH	SECRETARY	2.00	Director	$0	$0	$0
TOM BUTLER	TREASURER	2.00	Director	$0	$0	$0
MICHAEL CANTONE	PRESIDENT	2.00	Director	$0	$0	$0
RUDY GARITA	VICE PRESIDENT	2.00	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
2023	$36,023	$14,561	$201,948	$21,462
2022	$28,431	$18,248	$172,675	$10,183
2021	$40,407	$16,640	No data	$23,767
2020	$31,871	$19,686	$138,725	$12,185
2019	$41,108	$28,355	$126,841	$12,753

THOMAS I GLASSER MEMORIAL SCHOLARSHIP FUND INC