MICHELS SCHOLARSHIP FUND INC (EIN 270593904) - 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

MARYSUE C MICHELS

Phone

9205833132

Tax Period

2024-01-01 to 2024-12-31

MICHELS SCHOLARSHIP FUND INC, founded in 2009, is a small nonprofit in the Education sector that reported $197K in total revenue in fiscal year 2024. Revenue surged 77% from the prior year, signaling strong growth momentum. The organization ran a surplus of $87K, a strong 44% operating margin.

Mission

TO PROVIDE EDUCATIONAL SCHOLARSHIPS TO EMPLOYEES (AND CHILDREN) OF MICHELS ENTITIES.

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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 $174,810

Program Service Revenue $0

Investment Income $5,508

Other Revenue $17,054

TOTAL REVENUE $197,372

Expense Breakdown

Grants Paid $100,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $100,000

Other Expenses $10,335

TOTAL EXPENSES $110,335

Year-over-Year Comparison

	2024	2023	Change
Revenue	$197,372	$111,475	+0.8%
Expenses	$110,335	$96,462	+0.1%
Net Income	$87,037	$15,013	+4.8%

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

N/A

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
MARYSUE C MICHELS	PRES/TREAS/DIR	2.00	Officer Director	$0	$0	$0
PATRICK D MICHELS	VICE PRES/SEC/DIR	1.00	Officer Director	$0	$0	$0
MICHELLE M FINN	DIRECTOR	1.00	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	$197,372	$110,335	$336,375	$87,037
2023	$111,475	$96,462	$251,338	$15,013
2022	$90,487	$75,959	$234,325	$14,528

MICHELS SCHOLARSHIP FUND INC