EAST DETROIT FEDERATION OF TEACHERS SCHOLARSHIP FUND INC

EIN: 382558939 501(c)(3)

WARREN, MI

Total Revenue
$33,419
Total Expenses
$32,216
Total Assets
$587,149
Net Assets
$587,149
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
MI
Principal Officer
JOHN F DIDONATO
Phone
5865739932
Tax Period
2024-01-01 to 2024-12-31

EAST DETROIT FEDERATION OF TEACHERS SCHOLARSHIP FUND INC, founded in 1985, is a micro nonprofit that reported $33K in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. Expenses of $32K left a modest 4% surplus.

Mission

TO GRANT ECONOMIC ASSISTANCE TO QUALIFIED GRADUATES OF THE EASTPOINTE COMMUNITY SCHOOLS. (FKA EAST DETROIT PUBLIC SCHOOL SYSTEM)

Program Service Accomplishments

Program 1
Expenses: $32,216

PROVIDED 18 SCHOLARSHIPS TO QUALIFIED GRADUATES OF EASTPOINTE COMMUNITY SCHOOLS(FKA EAST DETROIT PUBLIC SCHOOL SYSTEM)

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,643
Program Service Revenue $0
Investment Income $27,991
Other Revenue $785
TOTAL REVENUE $33,419

Expense Breakdown

Grants Paid $28,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $32,216
Other Expenses $3,716
TOTAL EXPENSES $32,216

Year-over-Year Comparison

2024 2023 Change
Revenue $33,419 $22,160 +0.5%
Expenses $32,216 $47,115 -0.3%
Net Income $1,203 $-24,955 -1.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
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
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDWARD CRAINE BOARD MEMBER 0.50
Director
$0 $0 $0
NANCY GRAGER BOARD MEMBER 0.25
Director
$0 $0 $0
THERESA HING BOARD MEMBER 0.25
Director
$0 $0 $0
MARY MATHISON BOARD MEMBER 0.25
Director
$0 $0 $0
TONY PALLESCHI BOARD MEMBER 0.25
Director
$0 $0 $0
NORMA PALMER BOARD MEMBER 0.25
Director
$0 $0 $0
HARRY ZAVERZENCE BOARD MEMBER 0.25
Director
$0 $0 $0
JOHN F DIDONATO PRESIDENT 1.50
Officer
$0 $0 $0
BECKY HERTEL TREASURER 1.50
Officer
$0 $0 $0
GINNY PALUBIN SECRETARY 1.00
Officer
$0 $0 $0
MIKE ZAJAC VICE PRESIDE 0.75
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 $33,419 $32,216 $587,149 $1,203
2023 $22,160 $47,115 $561,577 $-24,955
2022 $-15,846 $121,683 $561,224 $-137,529
2021 $90,563 $22,928 $782,921 $67,635
2020 $34,492 $21,357 $702,920 $13,135
2019 $38,863 $29,362 $658,505 $9,501
2018 $45,913 $28,576 $558,431 $17,337
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