FIRST MARINE DIVISION ASSOCIATIONSCHOLARSHIP FUND INC (EIN 260564463) - 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

2008

Legal Domicile

Principal Officer

James J McMonagle Chairman

Phone

2816156275

Tax Period

2024-01-01 to 2024-12-31

FIRST MARINE DIVISION ASSOCIATIONSCHOLARSHIP FUND INC, founded in 2008, is a small nonprofit in the Education sector that reported $143K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $47K, a strong 33% operating margin.

Mission

Provide scholarships for the dependents of 1st Marine Division Marines or those who served in support of the 1st Marine Division who were killed in action or rendered 100% disabled due to service in or in support of the 1st Marine Division.

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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 $18,351

Program Service Revenue $0

Investment Income $124,793

Other Revenue $0

TOTAL REVENUE $143,144

Expense Breakdown

Grants Paid $82,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $83,387

Other Expenses $13,494

TOTAL EXPENSES $95,994

Year-over-Year Comparison

	2024	2023	Change
Revenue	$143,144	$121,215	+0.2%
Expenses	$95,994	$52,736	+0.8%
Net Income	$47,150	$68,479	-0.3%

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

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
John R Stevens	Chairman Emeritus in Memoriam	0	Director	$0	$0	$0
James J McMonagle	Chairman	1	Officer Director	$0	$0	$0
Len Hayes	Vice-Chairman	1	Officer Director	$0	$0	$0
Jerry P Reed	Chief Financial Officer	15	Officer Director	$0	$0	$0
Pierre A Sims	Secretary	3	Officer Director	$0	$0	$0
William Godfrey	Director	1	Director	$0	$0	$0
Carl W Miller	Director	1	Director	$0	$0	$0
George A Sager	Director	1	Director	$0	$0	$0
Charles Kershaw	Director	1	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
2024	$143,144	$95,994	$1,073,682	$47,150
2023	$121,215	$52,736	$1,026,532	$68,479
2022	$30,581	$263,817	$958,053	$-233,236
2021	$129,435	$73,400	$1,191,289	$56,035
2020	$196,376	$59,904	$1,135,254	$136,472

FIRST MARINE DIVISION ASSOCIATIONSCHOLARSHIP FUND INC