GENOA AREA LOCAL SCHOOLS SCHOLARSHIP FOUNDATION INC (EIN 341673832) - 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

1991

Legal Domicile

Principal Officer

MITCHELL HOYLES

Phone

4198553550

Tax Period

2025-01-01 to 2025-12-31

GENOA AREA LOCAL SCHOOLS SCHOLARSHIP FOUNDATION INC, founded in 1991, is a small nonprofit that reported $192K in total revenue in fiscal year 2025. The organization ran a surplus of $111K, a strong 58% operating margin.

Mission

PROVIDE SCHOLARSHIPS FOR GENOA HIGH SCHOOL GRADUATES

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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 (2025)

Revenue Breakdown

Contributions & Grants $103,628

Program Service Revenue $0

Investment Income $88,848

Other Revenue $0

TOTAL REVENUE $192,476

Expense Breakdown

Grants Paid $78,559

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $81,188

Other Expenses $2,629

TOTAL EXPENSES $81,188

Year-over-Year Comparison

	2025	2024	Change
Revenue	$192,476	$194,660	0.0%
Expenses	$81,188	$64,110	+0.3%
Net Income	$111,288	$130,550	-0.1%

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

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
DIANE GERKENSMEYER	PRESIDENT EMERITUS	1.00	Director	$0	$0	$0
COURTNEY NISSEN	SECRETARY	1.00	Director	$0	$0	$0
KARLI CARR	TREASURER	1.00	Director	$0	$0	$0
MITCHELL HOYLES	PRESIDENT	1.00	Director	$0	$0	$0
ALAN BROWN	FINANCIAL SECRETARY	1.00	Director	$0	$0	$0
MARK MORRISON	SCHOOL BOARD REP	1.00	Director	$0	$0	$0
BETHANY FOOS	RECORDING SECRETARY	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
2025	$192,476	$81,188	$1,998,118	$111,288
2024	$194,660	$64,110	$1,886,830	$130,550
2023	$135,506	$59,089	$1,756,280	$76,417
2022	$262,368	$42,801	$1,679,863	$219,567
2021	$516,192	$44,883	$1,460,296	$471,309
2020	$62,837	$42,797	$988,987	$20,040
2019	$162,175	$43,543	$968,947	$118,632
2018	$87,965	$37,678	$850,315	$50,287

GENOA AREA LOCAL SCHOOLS SCHOLARSHIP FOUNDATION INC