NEW CANAAN HIGH SCHOOL SCHOLARSHIP FOUNDATION INC (EIN 237102732) - 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

WILLIAM EGAN

Phone

2035944600

Tax Period

2024-01-01 to 2024-12-31

NEW CANAAN HIGH SCHOOL SCHOLARSHIP FOUNDATION INC, founded in 1970, is a small nonprofit that reported $212K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $259K exceeded revenue, resulting in a 22% operating deficit.

Mission

THE NEW CANAAN HIGH SCHOOL SCHOLARSHIP FOUNDATION, INC. AWARDS COLLEGE SCHOLARSHIPS TO NEW CANAAN HIGH SCHOOL GRADUATES BASED ON ACADEMIC ACHIEVEMENT & FINANCIAL NEED.

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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 $68,685

Program Service Revenue $143,707

Investment Income $10

Other Revenue $0

TOTAL REVENUE $212,402

Expense Breakdown

Grants Paid $180,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $180,000

Other Expenses $79,499

TOTAL EXPENSES $259,499

Year-over-Year Comparison

	2024	2023	Change
Revenue	$212,402	$230,647	-0.1%
Expenses	$259,499	$184,041	+0.4%
Net Income	$-47,097	$46,606	-2.0%

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
WILLIAM EGAN	CHAIRMAN	5.00	Officer Director	$0	$0	$0
BRYAN LUIZZI	DIRECTOR	5.00	Director	$0	$0	$0
JENNIFER ESSIGS	DIRECTOR	5.00	Director	$0	$0	$0
WENDY HILBOLDT	DIRECTOR	5.00	Director	$0	$0	$0
STEFFI LOOMIS	DIRECTOR	5.00	Director	$0	$0	$0
KRISTEN OCONNOR	DIRECTOR	5.00	Director	$0	$0	$0
PAUL PHILLIPS	DIRECTOR	5.00	Director	$0	$0	$0
ARI ROTHMAN	DIRECTOR	5.00	Director	$0	$0	$0
NICHOLAS WILLIAMS	DIRECTOR	5.00	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	$212,402	$259,499	$1,167,233	$-47,097
2023	$230,647	$184,041	$1,070,435	$46,606
2022	$228,203	$173,238	$894,657	$54,965
2021	$300,599	$177,205	$997,513	$123,394
2020	$209,134	$114,281	$798,732	$94,853
2019	$284,565	$139,988	$536,068	$144,577
2018	$269,141	$129,262	$395,632	$139,879

NEW CANAAN HIGH SCHOOL SCHOLARSHIP FOUNDATION INC