SCOTCH PLAINS FANWOOD SCHOLARSHIP FOUNDATION (EIN 226105926) - 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

1966

Legal Domicile

Principal Officer

MICHELLE WYRWA

Phone

9088896625

Tax Period

2024-01-01 to 2024-12-31

SCOTCH PLAINS FANWOOD SCHOLARSHIP FOUNDATION, founded in 1966, is a small nonprofit that reported $258K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $301K exceeded revenue, resulting in a 17% operating deficit.

Mission

THE FOUNDATION SOLICITS FUNDS AND RECEIVES UNSOLICITED FUNDS AND DONATIONS FROM ORGANIZATIONS AND INDIVIDUALS WHO ESTABLISH HONORARY/MEMORIAL SCHOLARSHIPS WITH SPECIFIC REQUIREMENTS AND NEED OUR ADMINISTRATIVE EXPERTISE TO GIVE SCHOLARSHIP ASSISTANCE TO DESERVING HIGH SCHOOL GRADUATES WHO ARE DOMICILED IN SCOTCH PLAINS OR FANWOOD, NEW JERSEY.

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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 $257,470

Program Service Revenue $0

Investment Income $56

Other Revenue $0

TOTAL REVENUE $257,526

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $294,205

Other Expenses $300,695

TOTAL EXPENSES $300,695

Year-over-Year Comparison

	2024	2023	Change
Revenue	$257,526	$331,207	-0.2%
Expenses	$300,695	$321,645	-0.1%
Net Income	$-43,169	$9,562	-5.5%

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
DEB BRODY	TRUSTEE	N/A	Director	$0	$0	$0
MARY BALL CAPPIO	TRUSTEE	N/A	Director	$0	$0	$0
PETER CHEMIDLIN	TRUSTEE	N/A	Director	$0	$0	$0
TOM CRISTIANI	TRUSTEE	N/A	Director	$0	$0	$0
JOY DONALDSON	TRUSTEE	N/A	Director	$0	$0	$0
CLAUDINE DOYLE	TRUSTEE	N/A	Director	$0	$0	$0
ALICE FERGUSON	TRUSTEE	N/A	Director	$0	$0	$0
JESSICA GEORGE	TRUSTEE	N/A	Director	$0	$0	$0
CATHY HIRSCHHORN	TRUSTEE	N/A	Director	$0	$0	$0
CHRISTINE HOGAN	VICE PRESIDE	N/A	Director	$0	$0	$0
ELLIE KRAMPS	TRUSTEE	N/A	Director	$0	$0	$0
ELISSA MOREL	SECRETARY	N/A	Director	$0	$0	$0
ELENA TZEROFOS PARKS	TRUSTEE	N/A	Director	$0	$0	$0
BILL PICARD	TRUSTEE	N/A	Director	$0	$0	$0
LINDEN SLAUGH	TRUSTEE	N/A	Director	$0	$0	$0
MARIAN TUMOLO	TREASURER	N/A	Officer Director	$0	$0	$0
MICHELLE WYRWA	PRESIDENT	N/A	Officer 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	$257,526	$300,695	$1,042,901	$-43,169
2023	$331,207	$321,645	$1,091,070	$9,562
2022	$289,071	$280,017	$1,080,508	$9,054
2021	$296,005	$242,666	$1,067,454	$53,339
2020	$209,606	$212,203	$1,014,115	$-2,597
2019	$176,020	$206,031	$1,015,962	$-30,011
2018	$565,418	$197,110	$1,046,865	$368,308

SCOTCH PLAINS FANWOOD SCHOLARSHIP FOUNDATION