MAMARONECK-LARCHMONT STUDENT AID FUND (EIN 237378894) - 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

1937

Legal Domicile

Principal Officer

MELISA PREVOST

Phone

9148346336

Tax Period

2024-05-01 to 2025-04-30

MAMARONECK-LARCHMONT STUDENT AID FUND, founded in 1937, is a small nonprofit in the Education sector that reported $413K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Net assets of $2.7M represent 77 months of operating reserves.

Mission

PROVIDE FINANCIAL SCHOLARSHIPS TO ELIGIBLE COLLEGE STUDENTS.

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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 $359,814

Program Service Revenue $0

Investment Income $53,001

Other Revenue $0

TOTAL REVENUE $412,815

Expense Breakdown

Grants Paid $413,840

Salaries & Benefits $0

Fundraising Expenses $4,418

Program Expenses $415,217

Other Expenses $18,730

TOTAL EXPENSES $432,570

Year-over-Year Comparison

	2024	2023	Change
Revenue	$412,815	$469,076	-0.1%
Expenses	$432,570	$409,404	+0.1%
Net Income	$-19,755	$59,672	-1.3%

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
MELISA PREVOST	PRESIDENT	10.00	Officer Director	$0	$0	$0
ANNA KENTER HEKTOR	TREASURER	4.00	Officer Director	$0	$0	$0
COLLEEN BAUCOM	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
LAXMI WORDHAM	DIRECTOR	2.00	Officer Director	$0	$0	$0
CINDY AUKER	DIRECTOR	1.00	Director	$0	$0	$0
BETSY BRADLEY	DIRECTOR	1.00	Director	$0	$0	$0
MARCIA BURKETT	DIRECTOR	1.00	Director	$0	$0	$0
MIKE GRIMES	DIRECTOR	1.00	Director	$0	$0	$0
OSCAR FERNANDEZ	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN GIRLING	DIRECTOR	1.00	Director	$0	$0	$0
CAROLYN LEE	DIRECTOR	1.00	Director	$0	$0	$0
LAURA LIVACCARI	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ULLI HERREGER	DIRECTOR	1.00	Director	$0	$0	$0
GABBY KELLY	DIRECTOR	1.00	Director	$0	$0	$0
BONNI KINGSLEY	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL PURCELL	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN MCEVILY	DIRECTOR	1.00	Director	$0	$0	$0
CARA MOORE	DIRECTOR	1.00	Director	$0	$0	$0
KERRY ROBERTS SNEYD	SECRETARY	1.00	Director	$0	$0	$0
KRISTEN VASQUEZ	DIRECTOR	1.00	Director	$0	$0	$0
EMILY INGLES	DIRECTOR	1.00	Director	$0	$0	$0
MELANIE KRAUT	DIRECTOR	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
2025	$412,815	$432,570	$2,660,293	$-19,755
2024	$469,076	$409,404	$2,561,270	$59,672
2023	$464,082	$447,421	$2,348,038	$16,661
2022	$552,603	$396,136	$2,317,892	$156,467
2021	$457,994	$304,304	$2,278,791	$153,690
2020	$441,290	$362,059	$1,846,145	$79,231
2019	$496,905	$329,908	$1,810,937	$166,997

MAMARONECK-LARCHMONT STUDENT AID FUND