BLUE WHITE SCHOLARSHIP FOUNDATION (EIN 233095631) - 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

JOSEPH HARE

Phone

6107831446

Tax Period

2023-06-01 to 2024-05-31

BLUE WHITE SCHOLARSHIP FOUNDATION, founded in 2001, is a small nonprofit in the Education sector that reported $777K in total revenue in fiscal year 2023. Revenue surged 156% from the prior year, signaling strong growth momentum. The organization ran a surplus of $438K, a strong 56% operating margin.

Mission

THE BLUE WHITE SCHOLARSHIP FOUNDATION IS AN INDEPENDENT NON-PROFIT CORPORATION, COMPOSED OF ALUMNI AND FRIENDS OF VILLANOVA UNIVERISTY. ITS MISSION IS TO: A)PROVIDE SCHOLARSHIPS TO DESERVING VILLANOVA UNIVERSITY STUDENTS WHO HAVE EXPERIENCED FINANCIAL DIFFICULTY, B)MENTOR SCHOLARSHIP RECIPIENTS, AND PROVIDE NETWORKING OPPORTUNITIES TO ASSIST THEM IN THEIR EMPLOYMENT AND PROFESSIONAL ADVANCEMENT, AND C)ENCOURAGE SCHOLARSHIP RECIPIENTS TO "PAY FORWARD" THEIR FINANCIAL ASSISTANCE TO OTHER VILLANOVA STUDENTS IN THE FUTURE.

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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 $742,488

Program Service Revenue $0

Investment Income $28,972

Other Revenue $5,462

TOTAL REVENUE $776,922

Expense Breakdown

Grants Paid $0

Salaries & Benefits $98,670

Fundraising Expenses $34,261

Program Expenses $216,000

Other Expenses $240,016

TOTAL EXPENSES $338,686

Year-over-Year Comparison

	2023	2022	Change
Revenue	$776,922	$303,415	+1.6%
Expenses	$338,686	$290,429	+0.2%
Net Income	$438,236	$12,986	+32.7%

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

$98,670

Total Directors

$98,670

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATE CELLUCCI	Executive Dir.	40.00	Officer Director	$98,670	$0	$98,670
ROGER KENT	BOARD MEMBER	0.00	Director	$0	$0	$0
BRIAN ARMSTRONG	BOARD MEMBER	0.00	Director	$0	$0	$0
EPONINE AUDDINO	BOARD MEMBER	0.00	Director	$0	$0	$0
ROBERT CATELLI	BOARD MEMBER	0.00	Director	$0	$0	$0
FRANK AUDDINO	BOARD MEMBER	0.00	Director	$0	$0	$0
JOSEPH HARE	President	1.00	Officer Director	$0	$0	$0
BRENDAN COX	BOARD MEMBER	0.00	Director	$0	$0	$0
ANDREW CAMAJ	BOARD MEMBER	0.00	Director	$0	$0	$0
MICHAEL HELMICK	BOARD MEMBER	0.00	Director	$0	$0	$0
PATRICK CIAPCIAK	BOARD MEMBER	0.00	Director	$0	$0	$0
MICHAEL SEEGER	BOARD MEMBER	0.00	Director	$0	$0	$0
STEVEN SZAROLETA	BOARD MEMBER	0.00	Director	$0	$0	$0
DR ALFRED WOLANIN	BOARD MEMBER	0.00	Director	$0	$0	$0
KENNETH CHRISTOVICH	Treasurer	0.00	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
2025	No data	No data	No data	No data
2024	$776,922	$338,686	$1,621,437	$438,236
2024	$776,922	$338,686	$1,621,437	$438,236
2023	$303,415	$290,429	$1,055,928	$12,986
2022	$371,364	$243,521	$1,034,716	$127,843
2021	$323,694	$227,103	$930,591	$96,591
2020	$487,195	$319,200	$773,067	$167,995
2019	$368,104	$307,257	$607,072	$60,847

BLUE WHITE SCHOLARSHIP FOUNDATION