Alfond Scholarship Foundation (EIN 261765514) - 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

2007

Legal Domicile

Principal Officer

Colleen Quint

Phone

2073478638

Tax Period

2023-07-01 to 2024-06-30

Alfond Scholarship Foundation, founded in 2007, is a community nonprofit in the Education sector that reported $7.2M in total revenue in fiscal year 2023.

Mission

The ASF mission is to provide incentive scholarship grants to Maine children for their higher education and to support Maine's children's aspirations and access to, and preparation for, higher education.

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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 (2023)

Revenue Breakdown

Contributions & Grants $7,161,628

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $7,161,628

Expense Breakdown

Grants Paid $5,639,500

Salaries & Benefits $333,136

Fundraising Expenses $0

Program Expenses $6,910,379

Other Expenses $1,325,458

TOTAL EXPENSES $7,298,094

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,161,628	$7,242,635	0.0%
Expenses	$7,298,094	$7,378,689	0.0%
Net Income	$-136,466	$-136,054	+0.0%

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

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

$183,426

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steve DeCastro	Director	1.00	Director	$0	$0	$0
Steve Akin	Chair	2.00	Officer Director	$0	$0	$0
Scott B Bullock	Vice Chair	2.00	Officer Director	$0	$0	$0
Christina Cuthbert	Director	1.00	Director	$0	$0	$0
Anne Swift-Kayatta	Director	1.00	Director	$0	$0	$0
Pender Makin	Director	1.00	Director	$0	$0	$0
Amanda Vamvakias Rand	Director	1.00	Director	$0	$0	$0
J Duke Albanese	Treasurer	2.00	Officer Director	$0	$0	$0
Jennifer Alfond Seeman	Director	1.00	Director	$0	$0	$0
Dannel Malloy	Director	1.00	Director	$0	$0	$0
Kim Lipp	Director	1.00	Director	$0	$0	$0
Dave Daigler	Director	1.00	Director	$0	$0	$0
Carlos Mello	Director	1.00	Director	$0	$0	$0
Deborah Ellwood	Director	1.00	Director	$0	$0	$0
Guy Langevin	Director	1.00	Director	$0	$0	$0
Lindsay Gifford Skilling	Director	1.00	Director	$0	$0	$0
Colleen Quint	President/CEO	40.00	Officer	$166,000	$17,426	$183,426

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	No data	No data	No data	No data
2024	$7,161,628	$7,298,094	$1,677,903	$-136,466
2023	$7,242,635	$7,378,689	$1,758,855	$-136,054
2022	$7,474,819	$7,306,410	$2,013,971	$168,409
2021	$7,054,853	$7,082,388	$1,799,589	$-27,535
2020	$6,981,556	$7,047,227	$1,806,089	$-65,671
2019	$7,383,187	$7,220,097	$1,930,355	$163,090

Alfond Scholarship Foundation