ERNEST R AND MINNIE FARRIS MORRISO… - 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

1999

Legal Domicile

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

Program Service Accomplishments

Program 1

Expenses: $8,411 Revenue: $0

THE ORGANIZATION OFFERS SCHOLARSHIPS FOR ACADEMIC ACHIEVEMENT BY STUDENTS AT WOOD MEMORIAL PUBLIC HIGH SCHOOL AND PRINCETON COMMUNITY PUBLIC HIGH SCHOOL. IN 2023 THE ORGANIZATION AWARDED SCHOLARSHIPS TO HIGH SCHOOL STUDENTS IN THE AMOUNT OF $400. THE FUNDS WERE THEREBY TRANSFERRED TO PRINCETON AND WOOD DOLLARS FOR SCHOLARS FOR THE BENEFIT OF THE COMMUNITY HIGH SCHOOL STUDENTS NOW ATTENDING COLLEGE

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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 $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

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
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

ERNEST R AND MINNIE FARRIS MORRISON SCHOLARSHIP FUND