ANCHOR SCHOLARSHIP FOUNDATION INC

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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

1980

Legal Domicile

Principal Officer

PAUL HAWKINS

Phone

7577774724

Tax Period

2024-07-01 to 2025-06-30

ANCHOR SCHOLARSHIP FOUNDATION INC, founded in 1980, is a small nonprofit in the Education sector that reported $826K in total revenue in fiscal year 2024. Revenue surged 74% from the prior year, signaling strong growth momentum. The organization ran a surplus of $393K, a strong 48% operating margin.

Mission

TO AWARD COLLEGE SCHOLARSHIPS TO DEPENDENT CHILDREN AND SPOUSES OF ACTIVE DUTY, RETIRED AND HONORABLY DISCHARGED SURFACE NAVY PERSONNEL.

Program Service Accomplishments

Program 1

Expenses: $362,868

TO AWARD COLLEGE SCHOLARSHIPS TO DEPENDENT CHILDREN AND SPOUSES OF ACTIVE DUTY, RETIRED AND HONORABLY DISCHARGED SURFACE NAVY PERSONNEL.

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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 $616,292

Program Service Revenue $0

Investment Income $176,707

Other Revenue $33,401

TOTAL REVENUE $826,400

Expense Breakdown

Grants Paid $146,879

Salaries & Benefits $138,358

Fundraising Expenses $36,651

Program Expenses $362,868

Other Expenses $128,616

TOTAL EXPENSES $433,853

Year-over-Year Comparison

	2024	2023	Change
Revenue	$826,400	$476,197	+0.7%
Expenses	$433,853	$378,605	+0.1%
Net Income	$392,547	$97,592	+3.0%

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

$79,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RDML DAVID STEINDL	CHAIRMAN	1.00	Officer Director	$0	$0	$0
PAUL HAWKINS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JACOB CHANG	SECRETARY	1.00	Officer Director	$0	$0	$0
CAPT PERRY BINGHAM	TREASURER	1.00	Officer Director	$0	$0	$0
MARYELLEN BALDWIN	DIRECTOR	1.00	Director	$0	$0	$0
CAPT PETER BULKELEY	DIRECTOR	1.00	Director	$0	$0	$0
CAPT WILLIAM CROW	DIRECTOR	1.00	Director	$0	$0	$0
CAPT TOM HENNESSEY	DIRECTOR	1.00	Director	$0	$0	$0
ERIC JENKUSKY	DIRECTOR	1.00	Director	$0	$0	$0
RDML JIM LOEBLEIN	DIRECTOR	1.00	Director	$0	$0	$0
DR LATITIA MCCANE	DIRECTOR	1.00	Director	$0	$0	$0
NEIL PICKARD	DIRECTOR	1.00	Director	$0	$0	$0
CARRIE ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
RDML JESSE WILSON JR	DIRECTOR	1.00	Director	$0	$0	$0
CDR WARD WILSON	DIRECTOR	1.00	Director	$0	$0	$0
JOY EYROLLES	EXECUTIVE DI	40.00	Director	$79,800	$0	$79,800

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	$826,400	$433,853	$2,430,543	$392,547
2024	$476,197	$378,605	$1,985,453	$97,592
2023	$405,558	$316,940	$1,769,262	$88,618
2022	$343,193	$281,920	$1,531,904	$61,273
2021	$306,170	$217,394	$1,776,697	$88,776
2020	$725,571	$237,215	$1,455,635	$488,356
2019	$229,814	$217,972	$994,256	$11,842
2018	$283,417	$184,791	$980,739	$98,626