MONTCLAIR SCHOLARSHIP FUND (EIN 226047818) - 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

1957

Legal Domicile

Tax Period

2024-09-01 to 2025-08-31

MONTCLAIR SCHOLARSHIP FUND, founded in 1957, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $498K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $122K, a strong 25% operating margin.

Mission

The organization awards college scholarships to college-bound High School seniors with financial need.

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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 $391,991

Program Service Revenue $0

Investment Income $105,792

Other Revenue $0

TOTAL REVENUE $497,783

Expense Breakdown

Grants Paid $351,700

Salaries & Benefits $0

Fundraising Expenses $2,250

Program Expenses $353,950

Other Expenses $23,677

TOTAL EXPENSES $375,377

Year-over-Year Comparison

	2024	2023	Change
Revenue	$497,783	$433,642	+0.1%
Expenses	$375,377	$395,359	-0.1%
Net Income	$122,406	$38,283	+2.2%

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

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
Leeta Jordan	Co-President	5.00	Officer Director	$0	$0	$0
Mimi Wrede	Co-President	5.00	Officer Director	$0	$0	$0
Gerald A Fasanella	Treasurer	5.00	Officer Director	$0	$0	$0
Sue Young	Secretary	2.00	Officer Director	$0	$0	$0
Celia Radek	Trustee	5.00	Director	$0	$0	$0
Shari Fox	Trustee	2.00	Director	$0	$0	$0
Lisa Prince	Trustee	1.00	Director	$0	$0	$0
Rhonda Heath	Trustee	1.00	Director	$0	$0	$0
Carita Zimmerman	Trustee	1.00	Director	$0	$0	$0
Barbara Litwinka	Trustee	5.00	Director	$0	$0	$0
Melissa Moore	Trustee	1.00	Director	$0	$0	$0
Enid Melville	Trustee	5.00	Director	$0	$0	$0
Kimberly Williams	Trustee	1.00	Director	$0	$0	$0
Carol Schlein	Trustee	1.00	Director	$0	$0	$0
Sharon Burton Turner	Trstee Emeritus	1.00	Director	$0	$0	$0
Claire Walls	Trstee Emeritus	1.00	Director	$0	$0	$0
Cynthia Treene	Trstee Emeritus	1.00	Director	$0	$0	$0
Ruth B Turner	Trustee	1.00	Director	$0	$0	$0
Monk Inyang	Trustee	1.00	Director	$0	$0	$0
Jeffrey Freeman	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
2025	$497,783	$375,377	$1,489,946	$122,406
2024	$433,642	$395,359	$1,331,916	$38,283
2023	$611,429	$399,484	$1,145,924	$211,945
2022	$383,333	$486,866	$874,691	$-103,533
2021	$451,377	$203,013	$1,129,204	$248,364
2020	$262,949	$163,236	$1,008,795	$99,713
2019	$251,153	$140,346	$876,247	$110,807
2018	$272,960	$149,341	$753,251	$123,619

MONTCLAIR SCHOLARSHIP FUND