Richard T Gosser Scholarship Program

EIN: 346533594 501(c)(3)

Maumee, OH

Total Revenue
$262,456
Total Expenses
$163,300
Total Assets
$3,053,266
Net Assets
$2,790,141
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1962
Legal Domicile
OH
Phone
4198934677
Tax Period
2024-01-01 to 2024-12-31

Richard T Gosser Scholarship Program, founded in 1962, is a small nonprofit that reported $262K in total revenue in fiscal year 2024. The organization ran a surplus of $99K, a strong 38% operating margin.

Mission

Granting of college scholarships.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $28,214
Program Service Revenue $0
Investment Income $205,454
Other Revenue $28,788
TOTAL REVENUE $262,456

Expense Breakdown

Grants Paid $130,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $130,500
Other Expenses $32,800
TOTAL EXPENSES $163,300

Year-over-Year Comparison

2024 2023 Change
Revenue $262,456 $244,804 +0.1%
Expenses $163,300 $165,308 0.0%
Net Income $99,156 $79,496 +0.2%
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

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Governance

Voting Members
4
Independent Members
4
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
0
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Max Jeffrey Trustee 0.50
Director
$0 $0 $0
Jack Sizemore Retired Director 0.50
Director
$0 $0 $0
Ken Lortz President 0.50
Director
$0 $0 $0
Lloyd Mahaffey Retired Director 0.50
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 $262,456 $163,300 $3,053,266 $99,156
2023 $244,804 $165,308 $2,825,108 $79,496
2022 $157,364 $154,710 $2,493,352 $2,654
2021 $210,438 $163,279 $3,076,229 $47,159
2020 $135,318 $152,908 $2,871,559 $-17,590
2019 $222,581 $157,794 $2,664,909 $64,787
2018 $280,532 $152,523 $2,309,106 $128,009
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