ALRAY TAYLOR SECOND CHANCE SCHOLARSHIP FUND CORPORATION

EIN: 270955022 501(c)(3) Education

BOSTON, MA

Total Revenue
$609,912
Total Expenses
$643,681
Total Assets
$885,757
Net Assets
$862,522
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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
MA
Principal Officer
NEIL SWIDEY
Phone
6176520742
Tax Period
2024-07-01 to 2025-06-30

ALRAY TAYLOR SECOND CHANCE SCHOLARSHIP FUND CORPORATION, founded in 2009, is a small nonprofit in the Education sector that reported $610K in total revenue in fiscal year 2024.

Mission

TO PROVIDE SCHOLARSHIP, MENTORING AND EDUCATIONAL ASSISTANCE TO GRADUATES OF BOSTON PUBLIC HIGH SCHOOLS OR BOSTON CHARTER HIGH SCHOOLS WHO ARE SEEKING TO COMPLETE COLLEGE, TRADE SCHOOL OR VOCATIONAL PROGRAMS WHICH THEY BEGAN UPON GRADUATION BUT WERE UNABLE TO COMPLETE DUE TO A RANGE OF FAMILY, PERSONAL OR EDUCATIONAL REASONS.

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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 $570,995
Program Service Revenue $0
Investment Income $38,917
Other Revenue $0
TOTAL REVENUE $609,912

Expense Breakdown

Grants Paid $267,255
Salaries & Benefits $271,319
Fundraising Expenses $43,787
Program Expenses $540,995
Other Expenses $105,107
TOTAL EXPENSES $643,681

Year-over-Year Comparison

2024 2023 Change
Revenue $609,912 $598,144 +0.0%
Expenses $643,681 $555,706 +0.2%
Net Income $-33,769 $42,438 -1.8%
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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Governance

Voting Members
12
Independent Members
12
Employees
8
Volunteers
65

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
4
$102,960
Total Directors
13
$102,960
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NEIL SWIDEY PRESIDENT 8.00
Officer Director
$0 $0 $0
NOEL SAMU TREASURER 1.00
Officer Director
$0 $0 $0
THOMAS ARRUDA SECRETARY 1.00
Officer Director
$0 $0 $0
MICHELE CARROLL DIRECTOR 1.00
Director
$0 $0 $0
ALIA CROCKER DIRECTOR 1.00
Director
$0 $0 $0
KEVIN FUDGE DIRECTOR 1.00
Director
$0 $0 $0
HEIDI GUARINO DIRECTOR 1.00
Director
$0 $0 $0
OCTAVIA NIXON DIRECTOR 1.00
Director
$0 $0 $0
LEWIS OKUN DIRECTOR 1.00
Director
$0 $0 $0
JETHRO TRENTE ET UN DIRECTOR 1.00
Director
$0 $0 $0
HERMESE VELASQUEZ DIRECTOR 1.00
Director
$0 $0 $0
NANCY WHITE DIRECTOR 1.00
Director
$0 $0 $0
DEBBIE NGUYEN EXECUTIVE DI 40.00
Officer Director
$102,960 $0 $102,960
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 $609,912 $643,681 $885,757 $-33,769
2024 $598,144 $555,706 $906,839 $42,438
2023 $597,116 $381,658 $866,563 $215,458
2022 $329,452 $225,202 $647,176 $104,250
2021 $329,000 $177,604 $539,266 $151,396
2021 $237,596 $186,795 $444,163 $50,801
2020 $254,644 $190,595 $395,575 $64,049
2019 $151,454 $146,725 $320,778 $4,729
2018 $168,575 $148,883 $323,143 $19,692
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