NEW CANAAN HIGH SCHOOL SCHOLARSHIP FOUNDATION INC

EIN: 237102732 501(c)(3)

NEW CANAAN, CT

Total Revenue
$2,190,186
Total Expenses
$318,408
Total Assets
$3,367,487
Net Assets
$3,367,487
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
CT
Principal Officer
WILLIAM EGAN
Phone
2035944600
Tax Period
2025-01-01 to 2025-12-31

NEW CANAAN HIGH SCHOOL SCHOLARSHIP FOUNDATION INC, founded in 1970, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2025. Revenue surged 931% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 85% operating margin.

Mission

COLLEGE SCHOLARSHIPS AWARDED TO NEW CANAAN HIGH SCHOOL GRADUATES BASED ON ACADEMIC ACHIEVEMENT AND FINANCIAL NEED.

Program Service Accomplishments

Program 1
Expenses: $242,000 Revenue: $163,132

COLLEGE SCHOLARSHIPS AWARDED TO NEW CANAAN HIGH SCHOOL GRADUATES BASED ON ACADEMIC ACHIEVEMENT AND 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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $2,023,992
Program Service Revenue $163,132
Investment Income $3,062
Other Revenue $0
TOTAL REVENUE $2,190,186

Expense Breakdown

Grants Paid $242,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $242,000
Other Expenses $76,408
TOTAL EXPENSES $318,408

Year-over-Year Comparison

2025 2024 Change
Revenue $2,190,186 $212,402 +9.3%
Expenses $318,408 $259,499 +0.2%
Net Income $1,871,778 $-47,097 -40.7%
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

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
10

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
2
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM EGAN CHAIRMAN 5.00
Officer Director
$0 $0 $0
JENNIFER ESSIGS DIRECTOR 5.00
Director
$0 $0 $0
FRANK FETCHET 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
BRYAN LUIZZI DIRECTOR 5.00
Director
$0 $0 $0
KRISTEN O'CONNOR TREASURER 5.00
Officer Director
$0 $0 $0
PAUL PHILLIPS 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
2025 $2,190,186 $318,408 $3,367,487 $1,871,778
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
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