CHILDREN IN NEED SCHOLARSHIP FOUND… - Form 990 Financial Data

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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

Emma T Banks

Phone

5618814600

Tax Period

2024-01-01 to 2024-12-31

Mission

As of 6/13/2024 when amended, the mission is to provide scholarships to worthy and needy children to schools. Currently, operations are in reorganization by new directors and officers.

Program Service Accomplishments

Program 1

Provide supplemental scholarship funds to children in need to attend a schools, universities, or training programs or their choice. Provide contributions to other not for profit organizations to...

Provide supplemental scholarship funds to children in need to attend a schools, universities, or training programs or their choice. Provide contributions to other not for profit organizations to support similar activities.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $37,946

TOTAL EXPENSES $37,946

Year-over-Year Comparison

	2024	2023	Change
Revenue	N/A	$163,784	-1.0%
Expenses	$37,946	$183,503	-0.8%
Net Income	N/A	$-19,719	N/A

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

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
Emma T Banks EdD	Chairwoman	010.00	Officer Director	$0	$0	$0
Clotee Banks	President	005.00	Officer Director	$0	$0	$0
Angel Marie Banks	Secretary	005.00	Officer Director	$0	$0	$0
Barbara Shuler-Carey	President	N/A		$0	$0	$0
Lynn High Barnes	Member	N/A		$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	No data	$37,946	$10	No data
2023	No data	No data	No data	No data
2022	$210,658	$255,990	$59,432	$-45,332
2021	$100,208	$17,831	$171,792	$82,377
2020	$19,453	$8,771	$89,403	$10,682
2019	$25,306	$15,358	$23,733	$9,948

CHILDREN IN NEED SCHOLARSHIP FOUNDATION INC