NEW BEDFORD KIDS SCHOLARSHIP PROGRAM (EIN 270372266) - 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

2009

Legal Domicile

Principal Officer

JOSH PACOS

Phone

7744007974

Tax Period

2023-07-01 to 2024-06-30

NEW BEDFORD KIDS SCHOLARSHIP PROGRAM, founded in 2009, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 115% from the prior year, signaling strong growth momentum. The organization ran a surplus of $922K, a strong 52% operating margin.

Mission

TO PROVIDE EDUCATIONAL OPPORTUNITIES IN THE FORM OF TUITION AID TO EFFECTIVE NON-PUBLIC SCHOOLS, UNIFORMS, AFTER-SCHOOL AND SUMMER PROGRAMS, TUTORING AND MENTORING FOR THOSE HIGH-RISK, LOW-INCOME CHILDREN WHO HAVE A PARENT WITH A HISTORY OF INCARCERATION AND/OR SUBSTANCE ABUSE.

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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 $1,609,387

Program Service Revenue $0

Investment Income $5,591

Other Revenue $167,929

TOTAL REVENUE $1,782,907

Expense Breakdown

Grants Paid $0

Salaries & Benefits $216,819

Fundraising Expenses $1,934

Program Expenses $703,882

Other Expenses $643,669

TOTAL EXPENSES $860,488

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,782,907	$830,725	+1.1%
Expenses	$860,488	$744,822	+0.2%
Net Income	$922,419	$85,903	+9.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY FLANIGAN MD	FOUNDER	2.00	Officer Director	$0	$0	$0
LAURA MCPHIE OLIVEIRA ED	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
JULIE LOHR	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHERYL FULLER SPARKS	SECRETARY	1.00	Officer Director	$0	$0	$0
MARY JANE MACLEAN	DIRECTOR	1.00	Director	$0	$0	$0
MERRY CONWAY	DIRECTOR	1.00	Director	$0	$0	$0
MAUREEN HARRINGTON	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA MELLO	DIRECTOR	1.00	Director	$0	$0	$0
NOEL PARDO	DIRECTOR	1.00	Director	$0	$0	$0
KATHY WATTLES	DIRECTOR	1.00	Director	$0	$0	$0
LOU CABRAL	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
JOAN MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
JOSH PACOS	PRESIDENT	40.00	Officer Director	$0	$0	$0
DIANE FRANCIS	TREASURER	1.00	Officer Director	$0	$0	$0
ELLEN LOUGH	FORMER EXECUTIVE DIRECTOR	40.00		$76,813	$0	$76,813

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	$1,782,907	$860,488	$1,468,644	$922,419
2023	$767,309	$699,356	$504,890	$67,953
2023	No data	No data	No data	No data
2022	$590,551	$544,777	$436,055	$45,774
2022	$608,972	$569,797	$434,668	$39,175
2021	$559,320	$425,406	$400,882	$133,914
2020	$470,490	$422,984	$257,280	$47,506
2019	$405,904	$354,007	$212,366	$51,897
2018	$387,715	$375,868	$151,176	$11,847

NEW BEDFORD KIDS SCHOLARSHIP PROGRAM