FOUR RIVERS SCHOLARSHIP FUND INC

EIN: 272822912 501(c)(3) Education

Fulton, KY

Total Revenue
$115,197
Total Expenses
$125,046
Total Assets
$12,868
Net Assets
$12,868
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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
2011
Legal Domicile
KY
Principal Officer
BRENDA MAHAN
Tax Period
2022-01-01 to 2022-12-31

FOUR RIVERS SCHOLARSHIP FUND INC, founded in 2011, is a small nonprofit in the Education sector that reported $115K in total revenue in fiscal year 2022. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE THE KY RIVER COUNTIES OF FULTON, HICKMAN, CARLISLE AND BALLARD HIGH SCHOOLS WITH COLLEGE CREDIT COURSES AVAILABLE TO ALL STUDENTS

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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 (2022)

Revenue Breakdown

Contributions & Grants $115,098
Program Service Revenue $0
Investment Income $99
Other Revenue $0
TOTAL REVENUE $115,197

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $125,046
Other Expenses $125,046
TOTAL EXPENSES $125,046

Year-over-Year Comparison

2022 2021 Change
Revenue $115,197 $101,150 +0.1%
Expenses $125,046 $77,488 +0.6%
Net Income $-9,849 $23,662 -1.4%
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
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHUCK MURPHY DIRECTOR 1.00
Director
$0 $0 $0
MARTY NICHOLS DIRECTOR 1.00
Director
$0 $0 $0
KENNY WILSON DIRECTOR 1.00
Director
$0 $0 $0
JESS WEBB DIRECTOR 1.00
Director
$0 $0 $0
TODD COOPER DIRECTOR 1.00
Director
$0 $0 $0
TERRY SULLIVAN CHAIRMAN 1.00
Officer Director
$0 $0 $0
BRENDA MAHAN VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
JOSH BAILEY TREASURER 2.00
Officer Director
$0 $0 $0
JAY SIMMONS SECRETARY 1.00
Officer 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
2022 $115,197 $125,046 $12,868 $-9,849
2021 $101,150 $77,488 $22,717 $23,662
2020 $85,713 $87,772 $-945 $-2,059
2019 $153,750 $154,869 $1,114 $-1,119
2018 $151,121 $153,600 $2,233 $-2,479
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