EMPOWER SCHOLARSHIP FUND (EIN 364390648) - Form 990 Financial Analysis & Trantor Score

🔒

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

Financial Trends

Organization Details

Formation Year

2000

Legal Domicile

Principal Officer

KATE ESSAD

Phone

6305155458

Tax Period

2024-01-01 to 2024-12-31

EMPOWER SCHOLARSHIP FUND, founded in 2000, is a small nonprofit in the Education sector that reported $839K in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $155K, a strong 18% operating margin.

Mission

THE EMPOWER SCHOLARSHIP FUND IS A 501(C)(3) ORGANIZATION THAT PROVIDES FINANCIAL SUPPORT IN THE FORM OF SCHOLARSHIPS TO STUDENTS OF ADTALEM GLOBAL EDUCATION INSTITUTIONS.

🔒

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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $738,547

Program Service Revenue $0

Investment Income $100,747

Other Revenue $0

TOTAL REVENUE $839,294

Expense Breakdown

Grants Paid $421,000

Salaries & Benefits $213,860

Fundraising Expenses $61,482

Program Expenses $541,767

Other Expenses $49,509

TOTAL EXPENSES $684,369

Year-over-Year Comparison

	2024	2023	Change
Revenue	$839,294	$698,666	+0.2%
Expenses	$684,369	$632,073	+0.1%
Net Income	$154,925	$66,593	+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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

782

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

$181,128

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kevin Pitts	Senior manager	40.00	Officer	$113,938	$0	$113,938
Rachel Hurban	Assistant Secre	40.00	Officer	$67,190	$0	$67,190
Anthony Fernandez	Director	1.00	Director	$0	$0	$0
Jacquelyn Manetakis	Director	1.00	Director	$0	$0	$0
KATE ESSAD	Director	1.00	Director	$0	$0	$0
KELLY PEARCE	President	2.00	Officer Director	$0	$0	$0
SPANDANA NALLAPATI	Director	1.00	Director	$0	$0	$0
Katie Thomasson	Director	1.00	Director	$0	$0	$0
Laura Smith	Director	1.00	Director	$0	$0	$0
Melani Bell	Director	1.00	Director	$0	$0	$0
Shonda Harris-Muhammed	Director	1.00	Director	$0	$0	$0
Valerie Kontos	Secretary	2.00	Officer	$0	$0	$0
Lauren Rengel	EX-OFFICIO	20.00	Officer	$0	$0	$0
Jim Emrath	Treasurer	2.00	Officer	$0	$0	$0
Reilly Armstrong	Assistant Treas	1.00	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
2024	$839,294	$684,369	$2,540,602	$154,925
2023	$698,666	$632,073	$2,131,401	$66,593
2022	$613,933	$690,590	$1,866,484	$-76,657
2021	$539,401	$597,558	$3,329,431	$-58,157
2020	$997,099	$409,713	$3,226,004	$587,386
2018	$829,514	$591,397	$2,587,712	$238,117

EMPOWER SCHOLARSHIP FUND