SCHOOL CHOICE SCHOLARSHIPS INC (EIN 311589289) - Form 990 Financial Analysis & Trantor Score

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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

1998

Legal Domicile

Principal Officer

ANN WELLS

Phone

5022547274

Tax Period

2020-07-01 to 2021-06-30

SCHOOL CHOICE SCHOLARSHIPS INC, founded in 1998, is a small nonprofit that reported $407K in total revenue in fiscal year 2020. Revenue surged 146% from the prior year, signaling strong growth momentum. The organization ran a surplus of $398K, a strong 98% operating margin.

Mission

PROVIDES SCHOLARSHIPS FOR CHILDREN FROM LOW-INCOME FAMILIES IN KINDERGARTEN THROUGH 8TH GRADE SO THEY CAN ATTEND THE SCHOOL OF THEIR CHOICE IN JEFFERSON AND OLDHAM COUNTIES.

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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 (2020)

Revenue Breakdown

Contributions & Grants $406,618

Program Service Revenue $0

Investment Income $180

Other Revenue $0

TOTAL REVENUE $406,798

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,000

Fundraising Expenses $140

Other Expenses $3,214

TOTAL EXPENSES $9,214

Year-over-Year Comparison

	2020	2019	Change
Revenue	$406,798	$165,106	+1.5%
Expenses	$9,214	$172,253	-0.9%
Net Income	$397,584	$-7,147	-56.6%

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

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

$6,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES A PATTERSON	FOUNDING MEMBER AND PRESID	5.00	Officer Director	$0	$0	$0
MARGARET ANN WELLS	FOUNDING MEMBER AND TREASU	5.00	Officer Director	$0	$0	$0
JOANNA NUGENT	BOARD MEMBER	5.00	Director	$6,000	$0	$6,000

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
2021	$406,798	$9,214	$285,262	$397,584
2020	$165,106	$172,253	$398,065	$-7,147
2019	$277,373	$579,243	$415,282	$-301,870
2018	$343,348	$672,785	$702,101	$-329,437

SCHOOL CHOICE SCHOLARSHIPS INC