EVANS SCHOLARS FOUNDATION - MICHIG… - 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

1988

Legal Domicile

Phone

8477244600

Tax Period

2024-01-01 to 2024-12-31

EVANS SCHOLARS FOUNDATION - MICHIGAN STATE, founded in 1988, is a small nonprofit in the Education sector that reported $183K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $212K exceeded revenue, resulting in a 16% operating deficit.

Mission

The Evans Scholars Foundation is a charitable trust that provides full 4 year tuition and housing college scholarships to deserving caddies. Each scholar house collects chapter dues from its members to cover utilities, supplies, social programs, and special events. The Michigan State scholar house is the housing for the 83 number of Michigan State University students.

Program Service Accomplishments

Program 1

Expenses: $211,627 Revenue: $182,726

Support for 83 scholars

Program 2

Expenses: $0 Revenue: $0

Program 3

Expenses: $0 Revenue: $0

None.

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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 $182,726

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $182,726

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $211,627

Other Expenses $99,127

TOTAL EXPENSES $211,627

Year-over-Year Comparison

	2024	2023	Change
Revenue	$182,726	$266,326	-0.3%
Expenses	$211,627	$232,148	-0.1%
Net Income	$-28,901	$34,178	-1.8%

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	Role	Reportable Comp	Other Comp	Total
Jeffrey Harrison	Senior Vice President, Advisory & Special Initiatives	Officer	$0	$0	$0
Steven Brueggeman	CFO	Officer	$0	$0	$0
John Kaczkowski	President & CEO	Officer	$0	$0	$0
Steven Colnitis	Chairman	Officer	$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	$182,726	$211,627	$108,973	$-28,901
2023	$266,326	$232,148	$137,874	$34,178
2022	$234,512	$227,525	$103,696	$6,987

EVANS SCHOLARS FOUNDATION - MICHIGAN STATE