HINGHAM, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)WEST POINT CLASS OF 1998 MEMORIAL SCHOLARSHIP FUND INC, founded in 2009, is a small nonprofit in the Education sector that reported $432K in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $600K exceeded revenue, resulting in a 39% operating deficit.
THE 98 FUND EXISTS TO SERVE AND SUPPORT GRADUATES AND GRADUATE FAMILIES OF THE UNITED STATES MILITARY ACADEMY PRINCIPALLY THROUGH EDUCATIONAL SCHOLARSHIPS, FINANCIAL SUPPORT, AND MENTORSHIP OF THE SPOUSES AND CHILDREN OF OUR FALLEN GRADUATES. THE 98 FUND OWNS AND OPERATES A SUMMER CAMP COMPOUND IN ALASKA TO PROVIDE BENEFICIAL EXPERIENCES FOR THE FAMILIES OF OUR FALLEN GRADUATES AND FELLOWSHIP OPPORTUNITIES FOR WEST POINT GRADUATES.
UPGRADED LAND FOR THE 98 FUND SUMMER COMPOUND IN ALASKA AND INVESTED MATERIAL VOLUNTEER TIME IN BUILDING NEW BUILDINGS AND OTHER CRITICAL INFRASTRUCTURE TO SUPPORT LONG-TERM USE AS A SUMMER CAMP TO...
UPGRADED LAND FOR THE 98 FUND SUMMER COMPOUND IN ALASKA AND INVESTED MATERIAL VOLUNTEER TIME IN BUILDING NEW BUILDINGS AND OTHER CRITICAL INFRASTRUCTURE TO SUPPORT LONG-TERM USE AS A SUMMER CAMP TO SUPPORT THE FAMILIES OF OUR FALLEN GRADUATES. OPERATED SEVERAL WEEK-LONG ALASKA SUMMER CAMP EXPERIENCES FOR THE CHILDREN AND WIDOWS OF WEST POINT GRADUATES WHO WERE KILLED IN COMBAT OR DIED OTHERWISE.
DISTRIBUTED CAPITAL TO SUPPORT EDUCATIONAL (COLLEGE) SCHOLARSHIPS FOR THE CHILDREN OF OUR WEST POINT CLASSMATES WHO WERE EITHER KILLED IN COMBAT OR DIED OTHERWISE. TO DATE, THE FUND HAS MADE TWELVE...
DISTRIBUTED CAPITAL TO SUPPORT EDUCATIONAL (COLLEGE) SCHOLARSHIPS FOR THE CHILDREN OF OUR WEST POINT CLASSMATES WHO WERE EITHER KILLED IN COMBAT OR DIED OTHERWISE. TO DATE, THE FUND HAS MADE TWELVE 10,000 SCHOLARSHIP COMMITMENTS THAT HAVE BEEN DISTRIBUTED TO DATE OR WILL BE DISTRIBUTED OVER THE NEXT FEW YEARS AS THE CHILDREN REACH COLLEGE AGE.
DISTRIBUTED CAPITAL TO SUPPORT THE MEDICAL, LIVING AND TRAVEL EXPENSES OF LIVING WEST POINT GRADUATES IN NEED AS WELL AS FOR THE CHILDREN AND WIDOWS OF WEST POINT GRADUATES WHO WERE EITHER KILLED IN...
DISTRIBUTED CAPITAL TO SUPPORT THE MEDICAL, LIVING AND TRAVEL EXPENSES OF LIVING WEST POINT GRADUATES IN NEED AS WELL AS FOR THE CHILDREN AND WIDOWS OF WEST POINT GRADUATES WHO WERE EITHER KILLED IN COMBAT OR DIED OTHERWISE. WE ENDED THE YEAR WITH A MATERIAL DISTRIBUTION OF CAPITAL TO A NEW 501(C) (3) WHICH HAS BEEN ESTABLISHED SPECIFICALLY FOR THE CARE OF GRADUATES OF THE WEST POINT CLASS OF 1999. HERETOFORE, MEMEBERS OF THE CLASS OF 1999 HAD BEEN FUNDED BY THE 98 FUND. THE AMOUNT OF CAPITAL THAT WAS PROVIDED TO THE NEW 501(C)(3), CALLED THE CLASS OF 1999 LEGACY FUND, WAS 118,757 AND REPRESENTS MONIES THAT HAD PREVIOULSY BEEN RAISED SPECIFICALLY TO SUPPORT MEMBERS OF THE CLASS OF 19999. THIS DISTRIBUTION OF 118,757 IS ACCOUNTED FOR AS A GRANT TO THE CLASS OF 1999 LEGACY FUND.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $431,610 | $629,808 | -0.3% |
| Expenses | $599,923 | $402,669 | +0.5% |
| Net Income | $-168,313 | $227,139 | -1.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MARK DEROCCHI | PRESIDENT&BO | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN SERAFINI | CHAIRMAN & T | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARK WEAVER | VP & BOARD M | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| MICHELLE LAVICKA | BOARD MEMBER | 3.00 |
Director
|
$0 | $0 | $0 |
| JASON KOSTAL | BOARD MEMBER | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| TRACI VOELKE | BOARD MEMBER | 3.00 |
Director
|
$0 | $0 | $0 |
| GEORGE WOODS | BOARD MEMBER | 3.00 |
Director
|
$0 | $0 | $0 |
| ANDERSON PUCKETT | BOARD MEMBER | 3.00 |
Director
|
$0 | $0 | $0 |
| CHRIS MCQUILLEN | BOARD MEMBER | 3.00 |
Director
|
$0 | $0 | $0 |
| JASON PARKS | BOARD MEMBER | 3.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM GIBBS | BOARD MEMBER | 3.00 |
Director
|
$0 | $0 | $0 |
| STEVEN TETREAULT | BOARD MEMBER | 3.00 |
Director
|
$0 | $0 | $0 |
| MIKE AVERY | BOARD MEMBER | 3.00 |
Director
|
$0 | $0 | $0 |
| KALEIGH WOTRING | BOARD MEMBER | 3.00 |
Director
|
$0 | $0 | $0 |
| STACEY TOMIC | BOARD MEMBER | 3.00 |
Director
|
$0 | $0 | $0 |
| ANN BONNEY | BOARD MEMBER | 3.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $431,610 | $599,923 | $1,332,742 | $-168,313 |
| 2022 | $629,808 | $402,669 | $1,395,835 | $227,139 |
| 2021 | $333,585 | $296,878 | $972,503 | $36,707 |
| 2020 | $198,757 | $68,364 | $806,464 | $130,393 |
Compare WEST POINT CLASS OF 1998 MEMORIAL SCHOLARSHIP FUND INC with other nonprofits in Massachusetts and across the country.