SRCC SCHOLARSHIP FUND

EIN: 260440332 501(c)(3) Education

NORTHFIELD, IL

Total Revenue
$203,371
Total Expenses
$203,507
Total Assets
$32,175
Net Assets
$32,175
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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
IL
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

SRCC SCHOLARSHIP FUND DISBURSES DONATIONS IN THE FORM OF SCHOLARSHIP GRANTS TO DESERVING 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%)

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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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
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
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