CHILDREN IN NEED SCHOLARSHIP FOUNDATION INC

EIN: 270767235 501(c)(3) Education

West Palm Beach, FL

Total Revenue
N/A
Total Expenses
$37,946
Total Assets
$10
Net Assets
$10
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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
FL
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.

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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 (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

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Governance

Voting Members
3
Independent Members
3
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
3
$0
Key Employees
0
$0
Highest Compensated
0
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
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