KURT SCHORK MEMORIAL FUND

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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

2001

Legal Domicile

Principal Officer

SABINA COSIC

Phone

5712482860

Tax Period

2024-01-01 to 2024-12-31

KURT SCHORK MEMORIAL FUND, founded in 2001, is a micro nonprofit in the Education sector that reported $76K in total revenue in fiscal year 2024. Revenue surged 78% from the prior year, signaling strong growth momentum. The organization ran a surplus of $27K, a strong 35% operating margin.

Mission

PROGRAMS TO RECOGNIZE THE WORK OF JOURNALISTS IN DEVELOPING COUNTRIES, INCLUDING SCHOLARSHIPS AWARDS.

Program Service Accomplishments

Program 1

Expenses: $38,131 Revenue: $1,000

PROGRAMS TO RECOGNIZE THE WORK OF JOURNALISTS IN DEVELOPING COUNTRIES, INCLUDING SCHOLARSHIPS AWARDS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,000

Program Service Revenue $0

Investment Income $74,535

Other Revenue $0

TOTAL REVENUE $75,535

Expense Breakdown

Grants Paid $16,800

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $38,131

Other Expenses $31,971

TOTAL EXPENSES $48,771

Year-over-Year Comparison

	2024	2023	Change
Revenue	$75,535	$42,489	+0.8%
Expenses	$48,771	$36,700	+0.3%
Net Income	$26,764	$5,789	+3.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SABINA COSIC	President	5.00	Officer Director	$0	$0	$0
STEPHEN JUKES	Vice President	5.00	Officer Director	$0	$0	$0
ANTHONY LOYDV	Director	0.00	Director	$0	$0	$0
JOHN SCHORK	Director	0.00	Director	$0	$0	$0
CHRIS SCHORK	Director	0.00	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
2024	$75,535	$48,771	$704,600	$26,764
2023	$42,489	$36,700	$640,028	$5,789
2022	$71,415	$26,000	$634,670	$45,415