JOHN PETTIBONE MEMORIAL SCHOLARSHI… - Form 990 Financial Data

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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

1951

Legal Domicile

Principal Officer

CHRISTINA GEARY GORBECKI

Phone

2037882096

Tax Period

2023-10-01 to 2024-09-30

JOHN PETTIBONE MEMORIAL SCHOLARSHIP FUND INC, founded in 1951, is a micro nonprofit in the Education sector that reported $89K in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Net assets of $446K represent 60 months of operating reserves.

Mission

THE JOHN PETTIBONE MEMORIAL SCHOLARSHIP FUND'S MISSION IS TO UPHOLD JOHN PETTIBONE'S PRINCIPLE THAT ALL DESERVING HIGH SCHOOL STUDENTS BE GIVEN THE OPPORTUNITY OF HIGHER EDUCATION BY PROVIDING SCHOLARSHIPS AND LOANS TO THOSE WHO MIGHT NOT OTHERWISE HAVE THE MEANS TO OBTAIN AN ADVANCED DEGREE. SCHOLARSHIPS HELP ELIGIBLE NEW MILFORD COLLEGE AND TRADE SCHOOL-BOUND STUDENTS ACHIEVE THEIR EDUCATIONAL GOALS.

Program Service Accomplishments

Program 1

Expenses: $78,903

EDUCATIONAL SCHOLARSHIP AWARDS

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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 $54,492

Program Service Revenue $0

Investment Income $43,148

Other Revenue $-8,766

TOTAL REVENUE $88,874

Expense Breakdown

Grants Paid $76,750

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $78,903

Other Expenses $12,030

TOTAL EXPENSES $88,780

Year-over-Year Comparison

	2023	2022	Change
Revenue	$88,874	$72,083	+0.2%
Expenses	$88,780	$79,252	+0.1%
Net Income	$94	$-7,169	-1.0%

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
MICHELE HARDIE	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHEN PADUANO	BOARD MEMBER	2.00	Director	$0	$0	$0
JENNIFER LACAVA	BOARD MEMBER	1.00	Director	$0	$0	$0
DARYL DANIELS	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURIE ROWE LEPAGE	BOARD MEMBER	1.00	Director	$0	$0	$0
DUANE STONE	BOARD MEMBER	1.00	Director	$0	$0	$0
TRACEY-ANN MENZIES	BOARD MEMBER	1.00	Director	$0	$0	$0
CLAUDIA DEMOURA	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNA LAWLER	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER THEIRFELDER	BOARD MEMBER	1.00	Director	$0	$0	$0
DARCY WHEELER	BOARD MEMBER	1.00	Director	$0	$0	$0
KIMBERLY TAYLOR CROSS	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTINA GEARY GORBECKI	PRESIDENT	2.00	Officer	$0	$0	$0
SARAH CONN HERRING	SECRETARY	1.00	Officer	$0	$0	$0
TIM HERRING	CO-VICE PRESIDENT	1.00	Officer	$0	$0	$0
DANIEL DREW	CO-VICE PRESIDENT	1.00	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	$88,874	$88,780	$446,483	$94
2023	$72,083	$79,252	$446,581	$-7,169
2022	$134,258	$95,970	$453,431	$38,288
2021	$66,112	$88,677	$416,722	$-22,565
2020	$35,070	$81,583	$434,443	$-46,513
2019	$112,932	$92,301	$480,956	$20,631

JOHN PETTIBONE MEMORIAL SCHOLARSHIP FUND INC