BENJAMIN GARVER LAMME SCHOLARSHIP … - Form 990 Financial Data

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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

2002

Legal Domicile

Principal Officer

JAMES H GARRETT JR

Phone

4122683260

Tax Period

2024-01-01 to 2024-12-31

BENJAMIN GARVER LAMME SCHOLARSHIP FUND, founded in 2002, is a small nonprofit that reported $141K in total revenue in fiscal year 2024. Revenue surged 941% from the prior year, signaling strong growth momentum. The organization ran a surplus of $45K, a strong 32% operating margin.

Mission

THE BENJAMIN GARVER LAMME SCHOLARSHIP FUND ("SCHOLARSHIP FUND") IS A TYPE 1 SUPPORTING ORGANIZATION OF CARNEGIE MELLON UNIVERSITY, ("UNIVERSITY") AN EXEMPT PUBLIC CHARITY DESCRIBED IN SECTIONS 501(C)(3), 509(A)(1) AND 170(B)(1)(A)(II). THE SCHOLARSHIP FUND MAKES ANNUAL DISTRIBUTIONS TO THE UNIVERSITY WHICH THE UNIVERSITY USES FOR THE PURPOSE OF PROVIDING FELLOWSHIP AWARDS TO STUDENTS PURSUING A GRADUATE DEGREE IN ELECTRICAL AND COMPUTER ENGINEERING IN THE UNIVERSITY'S COLLEGE OF ENGINEERING. THE UNIVERSITY IS RESPONSIBLE FOR IDENTIFYING AND SELECTING ELIGIBLE GRADUATE STUDENTS ENROLLED AT THE UNIVERSITY AS RECIPIENTS OF FELLOWSHIPS. FELLOWSHIPS ARE AWARDED IN ACCORDANCE WITH SUCH PRACTICES, PROCEDURES, AND REGULATIONS, AND SUBJECT TO SUCH TERMS AND CONDITIONS, AS THE UNIVERSITY'S DEAN OF THE COLLEGE OF ENGINEERING SHALL PRESCRIBE FROM TIME TO TIME IN CONSULTATION WITH THE UNIVERSITY'S HEAD OF THE DEPARTMENT OF ELECTRICAL AND COMPUTER ENGINEERING.

Program Service Accomplishments

Program 1

Expenses: $90,074 Revenue: $0

SUPPORT PROVIDED TO CARNEGIE MELLON UNIVERSITY FOR THE PURPOSE OF PROVIDING FELLOWSHIP AWARDS TO STUDENTS AS DESCRIBED IN SCHEDULE O.

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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 $0

Investment Income $140,681

Other Revenue $0

TOTAL REVENUE $140,681

Expense Breakdown

Grants Paid $90,074

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $90,074

Other Expenses $5,348

TOTAL EXPENSES $95,422

Year-over-Year Comparison

	2024	2023	Change
Revenue	$140,681	$13,510	+9.4%
Expenses	$95,422	$88,234	+0.1%
Net Income	$45,259	$-74,724	-1.6%

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

N/A

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

$961,085

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES H GARRETT JR	TRUSTEE	0.1	Director	$0	$56,881	$961,085

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	$140,681	$95,422	$1,913,475	$45,259
2023	$13,510	$88,234	$1,873,152	$-74,724
2022	$56,418	$80,501	$1,860,275	$-24,083
2021	$128,446	$74,848	$2,083,560	$53,598
2020	$161,179	$71,845	$1,656,878	$89,334

BENJAMIN GARVER LAMME SCHOLARSHIP FUND