DEVRY SCHOLARSHIP FUND

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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

1994

Legal Domicile

Principal Officer

ALICE ZHONG

Phone

6305057603

Tax Period

2025-01-01 to 2025-12-31

DEVRY SCHOLARSHIP FUND, founded in 1994, is a small nonprofit in the Education sector that reported $214K in total revenue in fiscal year 2025. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $261K exceeded revenue, resulting in a 22% operating deficit.

Mission

THE ORGANIZATION STRIVES TO HELP KEEP EDUCATION WITHIN REACH FOR STUDENTS BY PROVIDING FINANCIAL SUPPORT IN THE FORM OF SCHOLARSHIPS. SCHOLARSHIPS ARE AWARDED TO QUALIFYING CURRENT STUDENTS, ESPECIALLY THOSE WITH THE GREATEST NEED AND WHO HAVE ESTABLISHED A SUCCESSFUL ACADEMIC TRACK RECORD.

Program Service Accomplishments

Program 1

Expenses: $260,000 Revenue: $214,399

THE ORGANIZATION HAS DISTRIBUTED SCHOLARSHIP FUNDS FOR STUDENTS TO ASSIST WITH THE SUCCESSFUL PROGRESSION THROUGH THEIR ACADEMIC PROGRAMS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $172,722

Program Service Revenue $0

Investment Income $41,677

Other Revenue $0

TOTAL REVENUE $214,399

Expense Breakdown

Grants Paid $260,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $260,000

Other Expenses $1,256

TOTAL EXPENSES $261,256

Year-over-Year Comparison

	2025	2024	Change
Revenue	$214,399	$192,609	+0.1%
Expenses	$261,256	$247,546	+0.1%
Net Income	$-46,857	$-54,937	-0.1%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
NELSON BROWN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BRANNDON KELLEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
STEFANIE KHAN	DIRECTOR	1.00	Director	$0	$0	$0
SHALOM SUNIULA	DIRECTOR	1.00	Director	$0	$0	$0
MIRELA SABANAGIC	DIRECTOR	1.00	Director	$0	$0	$0
ALICE ZHONG	TREASURER	1.00	Officer	$0	$0	$0
JODI ZANELLA	SECRETARY	12.00	Officer	$0	$0	$0
ERIN TURNER	EXECUTIVE DIRECTOR	14.00	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
2025	$214,399	$261,256	$1,134,904	$-46,857
2024	No data	No data	No data	No data
2023	$279,064	$192,500	$1,236,699	$86,564
2022	$1,196,614	$93,240	$1,150,135	$1,103,374
2022	$99,474	$93,240	$1,150,135	$6,234