HALLBECK SCHOLARSHIP FUND (EIN 237058046) - 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

1970

Legal Domicile

Principal Officer

ELIZABETH POWELL

Phone

2028424215

Tax Period

2024-01-01 to 2024-12-31

HALLBECK SCHOLARSHIP FUND, founded in 1970, is a micro nonprofit that reported $10K in total revenue in fiscal year 2024. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $82K exceeded revenue, resulting in a 689% operating deficit.

Mission

TO AWARD SCHOLARSHIPS TO DEPENDENTS OF UNION MEMBERS IN ORDER TO ENABLE THE RECIPIENTS TO ATTEND ACCREDITED POST-SECONDARY EDUCATIONAL INSTITUTIONS.

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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 $0

Program Service Revenue $0

Investment Income $10,204

Other Revenue $220

TOTAL REVENUE $10,424

Expense Breakdown

Grants Paid $77,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $77,000

Other Expenses $5,228

TOTAL EXPENSES $82,228

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,424	$23,184	-0.6%
Expenses	$82,228	$81,320	+0.0%
Net Income	$-71,804	$-58,136	+0.2%

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

N/A

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

$4,414,104

Total Directors

$2,431,352

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK DIMONDSTEIN	PRESIDENT	1.00	Officer Director	$0	$31,640	$222,916
ELIZABETH POWELL	SECRETARY-TREASURER	1.00	Officer Director	$0	$27,969	$195,070
DEBORAH SZEREDY	EXECUTIVE VICE-PRESIDENT	1.00	Officer Director	$0	$27,969	$195,070
AMY PUHALSKI	CENTRAL RGNL COORDINATOR	1.00	Officer Director	$0	$28,862	$162,366
LAMONT BROOKS	DIRECTOR CLERK DIVISION	1.00	Officer Director	$0	$25,819	$189,367
CHARLES CASH	DIRECTOR INDUSTRIAL RELATI	1.00	Officer Director	$0	$42,322	$205,291
IDOWU BALOGUN	DIRECTOR MAINTENANCE DIV	1.00	Officer Director	$0	$25,855	$186,734
MICHAEL FOSTER	DIRECTOR MOTOR VEHICLE	1.00	Officer Director	$0	$25,814	$189,256
ARRION BROWN	DIRECTOR SUPPORT SERVICES	1.00	Officer Director	$0	$42,322	$205,591
ARTHUR JONES	EASTERN RGNL COORDINATOR	1.00	Officer Director	$0	$37,550	$175,087
TIFFANY FOSTER	NORTHEAST RGNL COORDINATOR	1.00	Officer Director	$0	$28,862	$165,052
YARED WONDE	SOUTHERN REGNL COORDINATOR	1.00	Officer Director	$0	$37,321	$166,041
OMAR GONZALEZ	WESTERN RGNL COORDINATOR	1.00	Officer Director	$0	$37,321	$173,511
JASON TREIER	ASST DIR B MAINT DIV	1.00	Officer	$0	$30,818	$184,798
LYNN PALLAS BARBER	ASST DIRECTOR B CLERK DIV	1.00	Officer	$0	$24,410	$176,300
DALEO FREEMAN	DIRECTOR HUMAN RELATIONS	1.00	Officer	$0	$40,877	$194,857
JUDY BEARD	DIRECTOR LEGISLATIVE DEPT	1.00	Officer	$0	$25,814	$180,542
ANNA SMITH	DIRECTOR ORGANIZATION DEPT	1.00	Officer	$0	$38,351	$192,331
JOYCE ROBINSON	DIRECTOR RESEARCH & EDUC	1.00	Officer	$0	$24,369	$170,613
NANCY OLUMEKOR	DIRECTOR RETIREE DEPT	1.00	Officer	$0	$21,925	$153,474
GARRETT LANGLEY	DIRECTOR-HEALTH PLAN	1.00	Officer	$0	$39,766	$191,166
ROBERT ROMANOWSKI	ASST DIRECTOR C CLERK DIV	1.00	Officer	$0	$34,620	$179,441
SAM LISENBE	ASST DIRECTOR A CLERK DIV	1.00	Officer	$0	$24,604	$180,212
TERRY MARTINEZ	ASST DIRECTOR A MAINT DIV	1.00	Officer	$0	$24,430	$179,018

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	$10,424	$82,228	$890,431	$-71,804
2023	$23,184	$81,320	$911,673	$-58,136
2022	$2,833	$83,610	$903,076	$-80,777
2021	$149,281	$84,734	$1,131,901	$64,547
2020	$45,654	$84,457	$1,151,750	$-38,803
2019	$182,072	$86,381	$1,125,511	$95,691
2018	$45,331	$86,868	$1,074,771	$-41,537

HALLBECK SCHOLARSHIP FUND