NHA SCHOLARSHIP FUND (EIN 330513766) - 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

1993

Legal Domicile

Principal Officer

JENNIFER SWASEY

Phone

6197226990

Tax Period

2023-01-01 to 2023-12-31

NHA SCHOLARSHIP FUND, founded in 1993, is a micro nonprofit in the Unknown sector that reported $89K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $86K left a modest 3% surplus.

Mission

Established in 1993, the Naval Helicopter Association Scholarship Fund has supported members of the Naval rotary wing community active duty personnel, veterans, and their dependents, in pursuit of higher education goals by providing scholarships to major universities on behalf of selected students.

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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 $78,031

Program Service Revenue $0

Investment Income $11,275

Other Revenue $0

TOTAL REVENUE $89,306

Expense Breakdown

Grants Paid $72,014

Salaries & Benefits $0

Fundraising Expenses $13,619

Program Expenses $72,014

Other Expenses $2,238

TOTAL EXPENSES $86,487

Year-over-Year Comparison

	2023	2022	Change
Revenue	$89,306	$97,496	-0.1%
Expenses	$86,487	$59,916	+0.4%
Net Income	$2,819	$37,580	-0.9%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAPT ARNE NELSON USN RET	PRESIDENT	20.00	Officer	$0	$0	$0
CAPT TODD VANDEGRIFT USN RET	EXECUTIVE VP	20.00	Officer	$0	$0	$0
JENNIFER SWASEY	TREASURER	5.00	Officer	$0	$0	$0
NANCY RUTTENBERG	VP SCHOLARSHIPS	20.00	Officer	$0	$0	$0
CAPT JON KLEIN USN	VP PLANS AND MARKETING	5.00	Officer	$0	$0	$0
CDR GREG KNUTSON USN	VP FINANCE AND INVESTMENTS	5.00	Officer	$0	$0	$0
CAPT JIM TOONE USN RET	TRUSTEES ADVISOR	5.00	Officer	$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	No data	No data	No data	No data
2023	$89,306	$86,487	$730,704	$2,819
2022	$97,496	$59,916	$624,794	$37,580
2021	$60,570	$58,528	$718,494	$2,042
2020	$98,868	$40,744	$617,957	$58,124
2019	$59,554	$39,834	$541,445	$19,720

NHA SCHOLARSHIP FUND