BEDFORD NORTH LAWRENCE SCHOLARSHIP FOUNDATION INC

EIN: 356089192 501(c)(3) Education

BEDFORD, IN

Total Revenue
$510,367
Total Expenses
$583,580
Total Assets
$14,788,827
Net Assets
$14,788,827
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1967
Legal Domicile
IN
Principal Officer
RAY HOUSEL
Phone
8122793551
Tax Period
2024-07-01 to 2025-06-30

BEDFORD NORTH LAWRENCE SCHOLARSHIP FOUNDATION INC, founded in 1967, is a small nonprofit in the Education sector that reported $510K in total revenue in fiscal year 2024. Expenses of $584K exceeded revenue, resulting in a 14% operating deficit.

Mission

THE FOUNDATION PROVIDES COLLEGE SCHOLARSHIPS AND AWARDS FOR GRADUATING HIGH SCHOOL STUDENTS OF BEDFORD NORTH LAWRENCE HIGH SCHOOL.

Program Service Accomplishments

Program 1
Expenses: $583,580

THE FOUNDATION PROVIDES COLLEGE SCHOLARSHIPS AND AWARDS FOR GRADUATING HIGH SCHOOL STUDENTS OF BEDFORD NORTH LAWRENCE HIGH SCHOOL.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $291,566
Program Service Revenue $0
Investment Income $218,801
Other Revenue $0
TOTAL REVENUE $510,367

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $583,580
Other Expenses $583,580
TOTAL EXPENSES $583,580

Year-over-Year Comparison

2024 2023 Change
Revenue $510,367 $496,146 +0.0%
Expenses $583,580 $528,477 +0.1%
Net Income $-73,213 $-32,331 +1.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
40

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
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HILLARD LEWIS PRESIDENT 0.00
Director
$0 $0 $0
KIM GILLESPIE VICE-PRESIDENT 0.00
Director
$0 $0 $0
JENNIE EDWARDS SECRETARY 0.00
Director
$0 $0 $0
RAY HOUSEL TREASURER 0.00
Director
$0 $0 $0
STEVEN BOSHEARS BOARD MEMBER 0.00
Director
$0 $0 $0
MARY NELL BOYER BOARD MEMBER 0.00
Director
$0 $0 $0
DAVID GEORGE BOARD MEMBER 0.00
Director
$0 $0 $0
LEE PLUMMER BOARD MEMBER 0.00
Director
$0 $0 $0
KEVIN MULLIS BOARD MEMBER 0.00
Director
$0 $0 $0
BILL TATOM BOARD MEMBER 0.00
Director
$0 $0 $0
KATHY THORNE BOARD MEMBER 0.00
Director
$0 $0 $0
HILARY WHITAKER BOARD MEMBER 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 $510,367 $583,580 $14,788,827 $-73,213
2024 $496,146 $528,477 $13,573,760 $-32,331
2023 $348,039 $537,092 $11,463,687 $-189,053
2022 $282,120 $498,849 $10,152,574 $-216,729
2021 $311,792 $509,928 $11,193,163 $-198,136
2020 $271,750 $398,104 $8,896,753 $-126,354
Explore More Nonprofits
→Top 100 Nonprofits in Indiana →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare BEDFORD NORTH LAWRENCE SCHOLARSHIP FOUNDATION INC with other nonprofits in Indiana and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.