NORTHWEST OHIO SCHOLARSHIP FUND INC C/O RICHARD G LAVALLEY JR (EIN 311639134) - 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

1999

Legal Domicile

Principal Officer

RICHARD LAVALLEY JR

Phone

4197207048

Tax Period

2023-01-01 to 2023-12-31

NORTHWEST OHIO SCHOLARSHIP FUND INC C/O RICHARD G LAVALLEY JR, founded in 1999, is a small nonprofit that reported $453K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $435K left a modest 4% surplus.

Mission

SCHOLARSHIP AND TUITION ASSISTANCE

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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 (2023)

Revenue Breakdown

Contributions & Grants $450,107

Program Service Revenue $0

Investment Income $3,436

Other Revenue $-522

TOTAL REVENUE $453,021

Expense Breakdown

Grants Paid $345,825

Salaries & Benefits $47,124

Fundraising Expenses $0

Program Expenses $394,383

Other Expenses $41,722

TOTAL EXPENSES $434,671

Year-over-Year Comparison

	2023	2022	Change
Revenue	$453,021	$501,812	-0.1%
Expenses	$434,671	$445,156	0.0%
Net Income	$18,350	$56,656	-0.7%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD G LAVALLEY JR	CHAIR	5.00	Officer Director	$0	$0	$0
SUZETTE COWELL	TRUSTEE	5.00	Director	$0	$0	$0
DIANNE TANKOOS	TRUSTEE	5.00	Director	$0	$0	$0
SCOTT BROWN	TRUSTEE	5.00	Director	$0	$0	$0
MARY ARQUETTE	TRUSTEE	5.00	Director	$0	$0	$0
DREW NITSCHKE	VICE CHAIR	5.00	Officer Director	$0	$0	$0
JENNIFER LIPPUS	TRUSTEE	5.00	Director	$0	$0	$0
KIM SOFO	TREASURER	5.00	Officer Director	$0	$0	$0
JAN RUMA	TRUSTEE	5.00	Director	$0	$0	$0
PATRICK SADOWSKI	TRUSTEE	5.00	Director	$0	$0	$0
SEAN JORGENSEN	TRUSTEE	5.00	Director	$0	$0	$0
RITA MARTIN	TRUSTEE	5.00	Director	$0	$0	$0
JAN TIDD	TRUSTEE	5.00	Director	$0	$0	$0
SAVANNAH MARTEN	TRUSTEE	5.00	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
2023	$453,021	$434,671	$403,650	$18,350
2022	$501,812	$445,156	$384,890	$56,656
2021	$546,985	$442,297	$327,498	$104,688
2020	$559,037	$537,218	$222,810	$21,819
2019	$691,169	$635,644	$200,991	$55,525
2018	$631,535	$663,159	$145,466	$-31,624

NORTHWEST OHIO SCHOLARSHIP FUND INC C/O RICHARD G LAVALLEY JR