YALE ALUMNI SCHOLARSHIP OF CLEVELA… - Form 990 Financial Data

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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

1971

Legal Domicile

Principal Officer

SAMUEL S HARTWELL

Phone

2166963225

Tax Period

2024-09-01 to 2025-08-31

YALE ALUMNI SCHOLARSHIP OF CLEVELAND INC, founded in 1971, is a small nonprofit in the Education sector that reported $437K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $331K, a strong 76% operating margin.

Mission

TO ENCOURAGE THE ENROLLMENT OF QUALIFIED STUDENTS TO YALE UNIVERSITY, TO ASSIST IN INTERVIEWING OF STUDENTS, & TO PROVIDE SCHOLARSHIP FUNDS TO YALE UNIVERSITY FOR GREATER CLEVELAND STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $99,158

CONTINUED TO ENCOURAGE THE ENROLLMENT OF QUALIFIED STUDENTS TO YALE UNIVERSITY, TO ASSIST IN THE INTERVIEWING OF STUDENTS FOR ADMISSION TO YALE UNIVERSITY FOR SCHOLARSHIPS FOR YALE STUDENTS FROM THE GREATER CLEVELAND AREA. THE FISCAL YEAR 2024 GRANT WAS MADE SUBSEQUENT TO 8/31/24; THEREFORE, THAT AMOUNT WAS ADDED TO THE FISCAL YEAR 2025 GRANT ON THIS 2024 FORM 990.

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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 $11,043

Program Service Revenue $0

Investment Income $425,936

Other Revenue $0

TOTAL REVENUE $436,979

Expense Breakdown

Grants Paid $99,158

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $99,158

Other Expenses $6,446

TOTAL EXPENSES $105,604

Year-over-Year Comparison

	2024	2023	Change
Revenue	$436,979	$616,718	-0.3%
Expenses	$105,604	$5,803	+17.2%
Net Income	$331,375	$610,915	-0.5%

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
PATRICIA BARZ	TRUSTEE	0.10	Director	$0	$0	$0
ARTHUR L CLEMENTS III	TRUSTEE	0.10	Director	$0	$0	$0
HOLLY DICKERT-LEONARD MD	TRUSTEE	0.10	Director	$0	$0	$0
DAVID HERZER	TRUSTEE	0.10	Director	$0	$0	$0
MYRA EVANS LAPEYROLERIE	TRUSTEE	0.10	Director	$0	$0	$0
HENRY OTT-HANSEN	TRUSTEE	0.10	Director	$0	$0	$0
MARY BRUCE RAE-GRANT	TRUSTEE	0.10	Director	$0	$0	$0
ELLIOT SCHLANG	TRUSTEE	0.10	Director	$0	$0	$0
DANIEL URBAN	TRUSTEE	0.10	Director	$0	$0	$0
WILLIAM STEWART	TRUSTEE	0.10	Director	$0	$0	$0
JOON-LI KIM	TRUSTEE	0.10	Director	$0	$0	$0
STEPHEN KAUFMAN MD	TRUSTEE	0.10	Director	$0	$0	$0
ELIZABETH A SULLIVAN	TRUSTEE	0.10	Director	$0	$0	$0
WILLIAM STEWART JR	SECRETARY	0.10	Officer Director	$0	$0	$0
SAMUEL S HARTWELL	PRESIDENT	2.00	Officer Director	$0	$0	$0
SARAH OTT-HANSEN	VP, TREASURE	0.40	Officer Director	$0	$0	$0
JEREMIAH QUINLAN	YALE U-DEAN	0.10	Director	$0	$0	$0
KARENSA DIFONZO	YALE U-DIR F	0.10	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	$436,979	$105,604	$4,570,003	$331,375
2024	$616,718	$5,803	$4,265,799	$610,915
2023	$278,842	$56,240	$3,324,952	$222,602
2022	$1,343,564	$37,470	$2,824,289	$1,306,094
2021	$242,157	$35,008	$2,198,055	$207,149
2020	$110,208	$40,304	$1,823,620	$69,904

YALE ALUMNI SCHOLARSHIP OF CLEVELAND INC