ERNEST R AND MINNIE FARRIS MORRISON SCHOLARSHIP FUND

EIN: 352068363 501(c)(3) Education

INDIANAPOLIS, IN

Total Revenue
$58
Total Expenses
$9,611
Total Assets
$46,369
Net Assets
$46,369
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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
1999
Legal Domicile
IN
Principal Officer
ERIC A MORRISON
Phone
3173192110
Tax Period
2024-02-01 to 2025-01-31

ERNEST R AND MINNIE FARRIS MORRISON SCHOLARSHIP FUND, founded in 1999, is a micro nonprofit in the Education sector that reported $58 in total revenue in fiscal year 2024. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $10K exceeded revenue, resulting in a 16471% operating deficit.

Mission

TO GRANT 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 $0
Program Service Revenue $0
Investment Income $58
Other Revenue $0
TOTAL REVENUE $58

Expense Breakdown

Grants Paid $400
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $8,411
Other Expenses $9,211
TOTAL EXPENSES $9,611

Year-over-Year Comparison

2024 2023 Change
Revenue $58 $7,422 -1.0%
Expenses $9,611 $7,436 +0.3%
Net Income $-9,553 $-14 +681.4%
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
3
Independent Members
2
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
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC A MORRISON TRUSTEE 1.00
Officer Director
$0 $0 $0
KEVIN SMITH PRINCIPAL DIRECTOR, SCHOLARSHIP COMMITTEE 0.00
Director
$0 $0 $0
AMY STOUGH PRINCIPAL DIRECTOR, SCHOLARSHIP COMMITTEE 0.00
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 $58 $9,611 $46,369 $-9,553
2024 $7,422 $7,436 $49,831 $-14
2023 $3,391 $8,216 $60,709 $-4,825
2022 $7,526 $11,892 $70,582 $-4,366
2021 $-230 $9,204 $73,878 $-9,434
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