HERO SCHOLARSHIP FUND OF DELAWARE COUNTY PO BOX 924

EIN: 232050582 501(c)(3)

MEDIA, PA

Total Revenue
$212,851
Total Expenses
$48,168
Total Assets
$4,122,456
Net Assets
$4,115,077
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
PA
Principal Officer
ROBERT T LYTHGOE JR
Phone
6108914455
Tax Period
2023-01-01 to 2023-12-31

HERO SCHOLARSHIP FUND OF DELAWARE COUNTY PO BOX 924, founded in 1977, is a small nonprofit that reported $213K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $165K, a strong 77% operating margin.

Mission

CHARITABLE - SCHOLARSHIP GRANTS AND RELATED EXPENSES TO CHILDREN OF FALLEN POLICE, FIRE FIGHTERS, EMERGENCY MEDICAL AND AMBULANCE SERVICE AND EMERGENCY SERVICE PERSONNEL.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $79,855
Program Service Revenue $0
Investment Income $106,176
Other Revenue $26,820
TOTAL REVENUE $212,851

Expense Breakdown

Grants Paid $30,000
Salaries & Benefits $0
Fundraising Expenses $7,894
Program Expenses $30,000
Other Expenses $18,168
TOTAL EXPENSES $48,168

Year-over-Year Comparison

2023 2022 Change
Revenue $212,851 $193,343 +0.1%
Expenses $48,168 $48,116 +0.0%
Net Income $164,683 $145,227 +0.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
17
Independent Members
17
Employees
N/A
Volunteers
17

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
4
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAWRENCE J SCHUELIE MEMBER AT LARGE 2.00
Director
$0 $0 $0
MICHAEL B GLACKIN MEMBER AT LARGE 2.00
Director
$0 $0 $0
ROBERT KELLY MEMBER AT LARGE 2.00
Director
$0 $0 $0
WILLIAM C RIGBY IV MEMBER AT LARGE 2.00
Director
$0 $0 $0
MARK MANFRE MEMBER AT LARGE 2.00
Director
$0 $0 $0
JOHN J MCFADDEN MEMBER AT LARGE 2.00
Director
$0 $0 $0
ALBERT MELFI MEMBER AT LARGE 2.00
Director
$0 $0 $0
S STANTON MILLER JR MEMBER AT LARGE 2.00
Director
$0 $0 $0
ROBERT SMYTHE MEMBER AT LARGE 2.00
Director
$0 $0 $0
THOMAS WORRILOW MEMBER AT LARGE 2.00
Director
$0 $0 $0
TIMOTHY A BOYCE MEMBER AT LARGE 2.00
Director
$0 $0 $0
THOMAS J MURRAY SR MEMBER AT LARGE 2.00
Director
$0 $0 $0
ROBERT T LYTHGOE JR PRESIDENT 2.00
Officer
$0 $0 $0
ROBERT ADAMS VICE-PRESIDENT 2.00
Officer
$0 $0 $0
EDWIN C KLINE SECRETARY 2.00
Officer
$0 $0 $0
JOHN HANNA TREASURER 2.00
Officer
$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 No data No data No data No data
2023 $212,851 $48,168 $4,122,456 $164,683
2022 $193,343 $48,116 $3,658,158 $145,227
2021 $111,493 $49,751 $4,182,557 $61,742
2020 $132,945 $106,270 $3,899,667 $26,675
2019 $164,733 $55,575 $3,426,448 $109,158
2018 $176,529 $88,504 $2,914,267 $88,025
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