THE CHERRY HILLS PALMER SCHOLARSHIP FOUNDATION INC (EIN 331013709) - 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

2001

Legal Domicile

Principal Officer

DAVID PACKER

Phone

3033505200

Tax Period

2024-01-01 to 2024-12-31

THE CHERRY HILLS PALMER SCHOLARSHIP FOUNDATION INC, founded in 2001, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 1665% from the prior year, signaling strong growth momentum. The organization ran a surplus of $802K, a strong 70% operating margin.

Mission

SCHOLARSHIP ASSISTANCE TO STUDENTS & ASSIST IN FURTHERING EDUCATIONAL PLANS OF THOSE 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 (2024)

Revenue Breakdown

Contributions & Grants $1,117,128

Program Service Revenue $0

Investment Income $35,316

Other Revenue $0

TOTAL REVENUE $1,152,444

Expense Breakdown

Grants Paid $343,916

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $343,916

Other Expenses $6,041

TOTAL EXPENSES $349,957

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,152,444	$65,276	+16.7%
Expenses	$349,957	$341,188	+0.0%
Net Income	$802,487	$-275,912	-3.9%

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
DAVID PACKER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
TODD GERVASINI	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
PAUL WIESNER	SECRETARY & TREASURER	1.00	Officer Director	$0	$0	$0
WAYNE HUTCHENS	TRUSTEE	1.00	Director	$0	$0	$0
GEORGE SOLICH	TRUSTEE	1.00	Director	$0	$0	$0
CORY ROSS	TRUSTEE	1.00	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	$1,152,444	$349,957	$1,066,172	$802,487
2023	$65,276	$341,188	$263,685	$-275,912
2022	$336,521	$268,919	$542,697	$67,602
2021	$252,132	$238,868	$475,095	$13,264
2020	$213,424	$162,969	$461,831	$50,455

THE CHERRY HILLS PALMER SCHOLARSHIP FOUNDATION INC