COMMUNITY SCHOLARSHIP FOUNDATION

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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

1973

Legal Domicile

Principal Officer

JOE LEFTO

Phone

6127094652

Tax Period

2024-08-01 to 2025-07-31

COMMUNITY SCHOLARSHIP FOUNDATION, founded in 1973, is a small nonprofit that reported $355K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $309K left a modest 13% surplus.

Mission

AWARD SCHOLARSHIPS TO RESIDENTS LIVING IN THE FOREST LAKE AREA SCHOOL DISTRICT WHO ARE SEEKING TO FURTHER THEIR EDUCATION THROUGH COLLEGE, UNIVERSITY OR TECHNICAL TRAINING

Program Service Accomplishments

Program 1

Expenses: $300,200

MANAGED FUND ASSETS, SOLICITED AND ACCEPTED DONATIONS; REVIEW OF SCHOLARSHIP APPLICATIONS; AWARDED SCHOLARSHIPS. 159 SCHOLARSHIP RECIPIENTS BENEFITTED

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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 $305,383

Program Service Revenue $0

Investment Income $49,236

Other Revenue $0

TOTAL REVENUE $354,619

Expense Breakdown

Grants Paid $300,200

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $300,200

Other Expenses $9,083

TOTAL EXPENSES $309,283

Year-over-Year Comparison

	2024	2023	Change
Revenue	$354,619	$397,578	-0.1%
Expenses	$309,283	$295,054	+0.0%
Net Income	$45,336	$102,524	-0.6%

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
OZZIE BARRON	DIRECTOR	1.00	Director	$0	$0	$0
JENNY MEYER	DIRECTOR	1.00	Director	$0	$0	$0
MARY SARGEANT	DIRECTOR	1.00	Director	$0	$0	$0
BRIDGET AGLIERE	VICE PRESIDE	1.00	Officer	$0	$0	$0
KARL AMLIE	VICE PRESIDE	1.00	Officer	$0	$0	$0
KERRIANN HALLBERG	SECRETARY	10.00	Officer	$0	$0	$0
LAURA JACKSON	TREASURER	1.00	Officer	$0	$0	$0
LYLE KOSKI	VICE PRESIDE	1.00	Officer	$0	$0	$0
JOE LEFTO	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
2025	$354,619	$309,283	$1,087,964	$45,336
2024	$397,578	$295,054	$740,475	$102,524
2023	$295,458	$281,810	$559,534	$13,648
2022	$229,927	$226,190	$700,486	$3,737
2021	$281,684	$221,993	$696,911	$59,691
2020	$225,762	$203,122	$592,768	$22,640
2019	$211,788	$284,117	$376,728	$-72,329