CINCINNATI SCHOLARSHIP FOUNDATION

EIN: 310603619 501(c)(3)

CINCINNATI, OH

Total Revenue
$3,018,624
Total Expenses
$2,439,273
Total Assets
$6,655,256
Net Assets
$6,621,515
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1918
Legal Domicile
OH
Principal Officer
RANDY J ULSES
Phone
5133456701
Tax Period
2024-07-01 to 2025-06-30

CINCINNATI SCHOLARSHIP FOUNDATION, founded in 1918, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $579K, a strong 19% operating margin.

Mission

THE MISSION OF THE ORGANIZATION IS TO CONNECT STUDENTS RESIDING IN GREATER CINCINNATI WITH POST-HIGH SCHOOL SCHOLARSHIP OPPORTUNITIES TO PURSUE THEIR EDUCATIONAL GOALS

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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 $2,666,297
Program Service Revenue $0
Investment Income $398,232
Other Revenue $-45,905
TOTAL REVENUE $3,018,624

Expense Breakdown

Grants Paid $1,863,081
Salaries & Benefits $315,931
Fundraising Expenses $111,284
Program Expenses $2,017,694
Other Expenses $260,261
TOTAL EXPENSES $2,439,273

Year-over-Year Comparison

2024 2023 Change
Revenue $3,018,624 $2,127,105 +0.4%
Expenses $2,439,273 $2,220,695 +0.1%
Net Income $579,351 $-93,590 -7.2%
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
14
Independent Members
13
Employees
6
Volunteers
15

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
15
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WHITNEY O'NEAL PRESIDENT & CEO 40.00
Highest
$105,420 $0 $105,420
JACK MINER CHAIR 1.00
Officer Director
$0 $0 $0
ADRIENNE MONTGOMERY VICE-CHAIR 1.00
Officer Director
$0 $0 $0
CHAD KOLDE TREASURER 1.00
Officer Director
$0 $0 $0
WILLIAM LAMPKIN SECRETARY 1.00
Officer Director
$0 $0 $0
JAMES R CULLEN BOARD MEMBER 1.00
Director
$0 $0 $0
MELANIE BURDEN BOARD MEMBER 1.00
Director
$0 $0 $0
MEGHAN HOLLOWELL BOARD MEMBER 1.00
Director
$0 $0 $0
MICHELLE HOPKINS BOARD MEMBER 1.00
Director
$0 $0 $0
DR ERIC JACKSON BOARD MEMBER 1.00
Director
$0 $0 $0
OLIVIA KENTNER BOARD MEMBER 1.00
Director
$0 $0 $0
MATT LAKE BOARD MEMBER 1.00
Director
$0 $0 $0
NIKELA OWENS PHD BOARD MEMBER 1.00
Director
$0 $0 $0
TRAVIS SCHRAFFENBERGER BOARD MEMBER 1.00
Director
$0 $0 $0
SHANNAN SCHMITT BOARD MEMBER 1.00
Director
$0 $0 $0
DR AUDLEY SMITH BOARD MEMBER 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
2025 $3,018,624 $2,439,273 $6,655,256 $579,351
2024 No data No data No data No data
2023 $1,829,317 $2,138,422 $5,473,124 $-309,105
2022 $2,926,978 $1,743,534 $5,326,854 $1,183,444
2021 $2,157,434 $1,834,643 $5,147,251 $322,791
2020 $1,801,115 $2,010,435 $4,400,031 $-209,320
2019 $2,390,516 $1,970,736 $4,570,402 $419,780
2018 $1,973,330 $2,043,096 $4,156,862 $-69,766
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