DON WRIGHT MEMORIAL SCHOLARSHIP INC

EIN: 270395584 501(c)(3)

Rock Island, IL

Total Revenue
$30,758
Total Expenses
$10,441
Total Assets
$140,660
Net Assets
$140,660
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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
IL
Tax Period
2020-06-01 to 2021-05-31

DON WRIGHT MEMORIAL SCHOLARSHIP INC, founded in 2009, is a micro nonprofit that reported $31K in total revenue in fiscal year 2020. Revenue surged 75% from the prior year, signaling strong growth momentum. The organization ran a surplus of $20K, a strong 66% operating margin.

Mission

AWARD ANNUAL ONE TIME SCHOLARSHIP TO A ROCK ISLAND TRACK ATHLETE TO FURTHER HIS OR HER EDUCATION. TO HAVE AN ANNUAL FUND RAISER TO ACHIEVE THAT GOAL. TO PROVIDE THIS SCHOLARSHIP IN THE MEMORY OF DON WRIGHT AND HIS SERVICE TO HIS COUNTRY.

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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 (2020)

Revenue Breakdown

Contributions & Grants $7,455
Program Service Revenue $0
Investment Income $23,303
Other Revenue $0
TOTAL REVENUE $30,758

Expense Breakdown

Grants Paid $10,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $10,441
Other Expenses $441
TOTAL EXPENSES $10,441

Year-over-Year Comparison

2020 2019 Change
Revenue $30,758 $17,539 +0.8%
Expenses $10,441 $8,647 +0.2%
Net Income $20,317 $8,892 +1.3%
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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
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
3
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Robert Hotle DIRECTOR 5.00
Director
$0 $0 $0
Jeff Edwards SECRETARY 5.00
Officer
$0 $0 $0
Lee Nelson PRESIDENT 5.00
Officer
$0 $0 $0
Lawrence Davis TREASURER 5.00
Officer
$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
2021 $30,758 $10,441 $140,660 $20,317
2020 $17,539 $8,647 $119,750 $8,892
2019 $18,916 $13,255 $106,435 $5,661
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