BEDFORD NORTH LAWRENCE SCHOLARSHIP FOUNDATION INC (EIN 356089192) - Form 990 Financial Analysis & Trantor Score

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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

1967

Legal Domicile

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.

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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 $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

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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	Role	Reportable Comp	Other Comp	Total
HILLARD LEWIS	PRESIDENT	Director	$0	$0	$0
KIM GILLESPIE	VICE-PRESIDENT	Director	$0	$0	$0
JENNIE EDWARDS	SECRETARY	Director	$0	$0	$0
RAY HOUSEL	TREASURER	Director	$0	$0	$0
STEVEN BOSHEARS	BOARD MEMBER	Director	$0	$0	$0
MARY NELL BOYER	BOARD MEMBER	Director	$0	$0	$0
DAVID GEORGE	BOARD MEMBER	Director	$0	$0	$0
LEE PLUMMER	BOARD MEMBER	Director	$0	$0	$0
KEVIN MULLIS	BOARD MEMBER	Director	$0	$0	$0
BILL TATOM	BOARD MEMBER	Director	$0	$0	$0
KATHY THORNE	BOARD MEMBER	Director	$0	$0	$0
HILARY WHITAKER	BOARD MEMBER	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

BEDFORD NORTH LAWRENCE SCHOLARSHIP FOUNDATION INC