JOSEPH L WOLCOTT SCHOLARSHIP FUND

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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

1931

Legal Domicile

Principal Officer

GRANT M KEUNE

Phone

4192418042

Tax Period

2024-05-01 to 2025-04-30

JOSEPH L WOLCOTT SCHOLARSHIP FUND, founded in 1931, is a small nonprofit in the Education sector that reported $293K in total revenue in fiscal year 2024. Expenses of $283K left a modest 3% surplus.

Mission

PROVIDE FINANCIAL ASSISTANCE TO GRADUATES OF THE TOLEDO PUBLIC SCHOOL SYSTEM IN OBTAINING A POST SECONDARY DEGREE AT A COLLEGE OR UNIVERSITY OF THE STUDENT'S CHOICE.

Program Service Accomplishments

Program 1

Expenses: $245,079

PROVIDE FINANCIAL ASSISTANCE TO TOLEDO PUBLIC SCHOOL SYSTEM GRADUATES THROUGH SCHOLARSHIP GRANTS. GRANTS DISBURSED 211,700. NUMBER OF STUDENTS 88

Program 2

Expenses: $3,000

PROVIDE FINANCIAL ASSISTANCE TO TOLEDO PUBLIC SCHOOL SYSTEM GRADUATES THROUGH STUDENT LOANS AND STUDENT LOAN FORGIVENESS. STUDENT LOANS FORGIVEN 3,000. STUDENT LOAN RECEIVABLE BALANCE 71,189.

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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 $270,339

Program Service Revenue $0

Investment Income $22,634

Other Revenue $0

TOTAL REVENUE $292,973

Expense Breakdown

Grants Paid $214,700

Salaries & Benefits $50,693

Fundraising Expenses $3,282

Program Expenses $248,079

Other Expenses $17,821

TOTAL EXPENSES $283,214

Year-over-Year Comparison

	2024	2023	Change
Revenue	$292,973	$278,738	+0.1%
Expenses	$283,214	$244,847	+0.2%
Net Income	$9,759	$33,891	-0.7%

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

$8,988

Total Directors

$43,674

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
B THOMAS HANDWORK	TRUSTEE	5.00	Director	$4,749	$0	$43,674
GRANT M KEUNE	TREASURER	3.00	Officer	$6,563	$0	$8,988
DR ROMULES DURANT	COMMITTEE ME	0.20	Director	$0	$0	$0
ROBERT VASQUEZ	COMMITTEE ME	0.20	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	$292,973	$283,214	$1,373,086	$9,759
2024	$278,738	$244,847	$1,363,327	$33,891
2023	$314,680	$199,672	$1,329,436	$115,008
2022	$248,639	$198,346	$1,214,952	$50,293
2021	$218,129	$247,706	$1,164,657	$-29,577
2020	$209,839	$367,542	$1,194,233	$-157,703
2019	$180,854	$154,674	$1,351,936	$26,180