SRCC SCHOLARSHIP FUND

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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

2006

Legal Domicile

Principal Officer

KEVIN MCCARTHY

Phone

8474465222

Tax Period

2024-04-01 to 2025-03-31

SRCC SCHOLARSHIP FUND, founded in 2006, is a small nonprofit in the Education sector that reported $203K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

ORGANIZED EXCLUSIVELY FOR THE CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION AWARDS FINANCIAL ASSISTANCE FOR EDUCATIONAL PURPOSES TO ELIGIBLE EMPLOYEES AND CADDIES OF SUNSET RIDGE COUNTRY CLUB (SRCC).

Program Service Accomplishments

Program 1

Expenses: $203,500

SRCC SCHOLARSHIP FUND AWARDED SCHOLARSHIPS TO 33 APPLICANTS.

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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 $200,460

Program Service Revenue $0

Investment Income $2,911

Other Revenue $0

TOTAL REVENUE $203,371

Expense Breakdown

Grants Paid $203,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $203,500

Other Expenses $7

TOTAL EXPENSES $203,507

Year-over-Year Comparison

	2024	2023	Change
Revenue	$203,371	$186,508	+0.1%
Expenses	$203,507	$194,047	+0.0%
Net Income	$-136	$-7,539	-1.0%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN MCCARTHY	PRESIDENT	1.00	Officer Director	$0	$0	$0
J PATRICK GALLAGHER	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
JAMES F DEROSE	VICE PRESIDENT	1.00	Officer 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	$203,371	$203,507	$32,175	$-136
2024	$186,508	$194,047	$32,311	$-7,539
2023	$202,332	$198,549	$39,850	$3,783
2022	$205,799	$212,077	$36,067	$-6,278
2021	$155,337	$212,515	$42,345	$-57,178
2020	$231,806	$175,250	$90,523	$56,556
2019	$145,750	$139,500	$27,967	$6,250