MCMAHON-PARATER SCHOLARSHIP FOUNDATION (EIN 261830477) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

MARGARET KEIGHTLEY

Phone

8043595661

Tax Period

2023-07-01 to 2024-06-30

MCMAHON-PARATER SCHOLARSHIP FOUNDATION, founded in 2007, is a community nonprofit in the Religion sector that reported $5.6M in total revenue in fiscal year 2017. Expenses of $4.8M left a modest 14% surplus.

Mission

TO PROVIDE FINANCIAL ASSISTANCE TO CATHOLIC SCHOOLS WITHIN THE GEOGRAPHICAL CONFINES OF THE ROMAN CATHOLIC DIOCESE OF RICHMOND.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,722,940

Program Service Revenue $0

Investment Income $350,654

Other Revenue $0

TOTAL REVENUE $6,073,594

Expense Breakdown

Grants Paid $9,229,877

Salaries & Benefits $0

Fundraising Expenses $359,870

Program Expenses $9,711,018

Other Expenses $1,245,239

TOTAL EXPENSES $10,475,116

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,073,594	$15,894,920	-0.6%
Expenses	$10,475,116	$11,000,815	0.0%
Net Income	$-4,401,522	$4,894,105	-1.9%

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

$629,460

Total Directors

$415,008

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARGARET KEIGHTLEY	EXECUTIVE DIRECTOR	5.00	Officer Director	$0	$80,652	$225,855
MICHAEL RILEY	PRESIDENT	5.00	Officer Director	$0	$32,796	$136,377
BARRY C KNESTOUT	SOLE MEMBER	2.00	Director	$0	$22,569	$52,776
BRUCE HOLBROOK	CHAIRMAN	5.00	Officer Director	$0	$0	$0
KATHLEEN B BARRETT	TREASURER	2.00	Officer Director	$0	$0	$0
EDWARD T BLAIR	DIRECTOR	2.00	Director	$0	$0	$0
J STEPHEN LINDSEY	DIRECTOR	2.00	Director	$0	$0	$0
WALTER MALONE	DIRECTOR	2.00	Director	$0	$0	$0
DR ROBERT MARTINEZ	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN REARDON	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS STRASSBURG	DIRECTOR	2.00	Director	$0	$0	$0
STEPHANIE STUMPF	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL J MCGEE	CHIEF FINANCIAL OFFICER	5.00	Officer	$0	$60,808	$267,228
JENNIFER BIGELOW	FORMER PRESIDENT	5.00		$0	$26,025	$72,684
KELLY LAZZARA	FORMER PRESIDENT	2.00		$0	$28,051	$116,404

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	$6,073,594	$10,475,116	$6,240,539	$-4,401,522
2023	$15,894,920	$11,000,815	$10,612,071	$4,894,105
2022	$7,331,353	$5,673,391	$5,471,128	$1,657,962
2021	$5,710,475	$4,611,836	$3,836,574	$1,098,639
2020	$4,404,749	$5,531,128	$2,765,631	$-1,126,379
2019	$5,299,246	$6,008,869	$4,288,639	$-709,623
2018	$5,571,428	$4,817,859	$4,649,685	$753,569

MCMAHON-PARATER SCHOLARSHIP FOUNDATION