Truckload Carriers Association Scholarship Fund

EIN: 237272852 501(c)(3) Education

Alexandria, VA

Total Revenue
$190,313
Total Expenses
$244,615
Total Assets
$3,380,875
Net Assets
$3,377,772
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
DC
Principal Officer
James Ward
Phone
7036541466
Tax Period
2023-10-01 to 2024-09-30

Truckload Carriers Association Scholarship Fund, founded in 1973, is a small nonprofit in the Education sector that reported $190K in total revenue in fiscal year 2023. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $245K exceeded revenue, resulting in a 29% operating deficit.

Mission

The scholarship fund was formed to promote higher educational pursuits by granting scholarships primarily to transportation and business management majors.

Program Service Accomplishments

Program 1
Expenses: $150,194

Scholarships - The Fund awards scholarships to recipients showing 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 (2023)

Revenue Breakdown

Contributions & Grants $32,411
Program Service Revenue $0
Investment Income $157,902
Other Revenue $0
TOTAL REVENUE $190,313

Expense Breakdown

Grants Paid $150,194
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $150,194
Other Expenses $94,421
TOTAL EXPENSES $244,615

Year-over-Year Comparison

2023 2022 Change
Revenue $190,313 $299,868 -0.4%
Expenses $244,615 $235,861 +0.0%
Net Income $-54,302 $64,007 -1.8%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
12
Employees
N/A
Volunteers
14

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
$478,524
Total Directors
14
$478,524
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Bob Kretsinger Chairman (Until 3/2024) 1.00
Officer Director
$0 $0 $0
Joey Hogan Trustee to Chairman (From 3/2024) 1.00
Officer Director
$0 $0 $0
Mark Walker Treasurer 1.00
Officer Director
$0 $0 $0
James Ward President 1.00
Officer Director
$0 $44,277 $478,524
Al Anderson Trustee 1.00
Director
$0 $0 $0
Harman Cheema Trustee 1.00
Director
$0 $0 $0
Susan Fall Trustee 1.00
Director
$0 $0 $0
Don Freymiller Trustee 1.00
Director
$0 $0 $0
David Gibbs Trustee 1.00
Director
$0 $0 $0
Nick Hillesheim Trustee 1.00
Director
$0 $0 $0
Dawn Stubbs Trustee 1.00
Director
$0 $0 $0
Randy Vernon Trustee 1.00
Director
$0 $0 $0
Megan Wells Trustee 1.00
Director
$0 $0 $0
Chris Wood Trustee 1.00
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 $190,313 $244,615 $3,380,875 $-54,302
2023 $299,868 $235,861 $2,957,969 $64,007
2022 $125,680 $230,066 $2,689,217 $-104,386
2021 $209,220 $238,798 $3,413,524 $-29,578
2020 $150,514 $200,196 $2,984,266 $-49,682
2019 $112,089 $208,629 $2,930,194 $-96,540
2018 $238,799 $223,186 $3,000,041 $15,613
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