PENN STATE SCHOLARSHIP FUND (EIN 251453335) - 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

1941

Legal Domicile

Principal Officer

ROBERT N LEVY

Phone

8148086019

Tax Period

2024-05-01 to 2025-04-30

PENN STATE SCHOLARSHIP FUND, founded in 1941, is a small nonprofit that reported $228K in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring.

Mission

PROVIDE SCHOLARSHIP ASSISTANCE TO THE PENN STATE ATHLETIC DEPARTMENT AND FOOTBALL PROGRAM BY HOSTING WEEKLY LUNCHEONS AND OTHER FUNDRAISING ACTIVITIES.

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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 $0

Program Service Revenue $228,193

Investment Income $144

Other Revenue $0

TOTAL REVENUE $228,337

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $215,850

Other Expenses $227,083

TOTAL EXPENSES $227,083

Year-over-Year Comparison

	2024	2023	Change
Revenue	$228,337	$334,522	-0.3%
Expenses	$227,083	$344,841	-0.3%
Net Income	$1,254	$-10,319	-1.1%

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

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

$2,450

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER ROHRER	DIRECTOR	1.00	Director	$0	$0	$0
PETER HORSTMAN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT LEVY	TREASURER	2.00	Officer Director	$0	$0	$0
JOSEPH GORDON	DIRECTOR	1.00	Director	$0	$0	$0
VINCE DADAMO	DIRECTOR	1.00	Director	$0	$0	$0
CARLA JEREMIAS	DIRECTOR	1.00	Director	$0	$0	$0
STEVE JONES	DIRECTOR	1.00	Director	$2,450	$0	$2,450
LISA SCHROEDER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SOUREEN	PRESIDENT	2.00	Officer Director	$0	$0	$0
LARRY WALKER	DIRECTOR	1.00	Director	$0	$0	$0
PATI CLICKNER	SECRETARY	2.00	Officer Director	$0	$0	$0
MARK TONIATTI	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM OLDSEY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
KEN CUTLER	DIRECTOR	1.00	Director	$0	$0	$0
WALLY RICHARDSON	DIRECTOR	1.00	Director	$0	$0	$0
PAT KRAFT	DIRECTOR	1.00	Director	$0	$0	$0
RYAN ALBERT	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
SUSAN STEADMAN	DIRECTOR	1.00	Director	$0	$0	$0
SHERRY LONSDALE	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	$228,337	$227,083	$50,460	$1,254
2024	$334,522	$344,841	$49,206	$-10,319
2023	$223,170	$272,820	$59,525	$-49,650
2022	$161,210	$98,761	$109,175	$62,449
2021	$46,445	$86,293	$46,726	$-39,848
2020	$224,684	$222,088	$86,574	$2,596
2019	$231,572	$240,295	$83,978	$-8,723

PENN STATE SCHOLARSHIP FUND