EAST DETROIT FEDERATION OF TEACHERS SCHOLARSHIP FUND INC (EIN 382558939) - 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

1985

Legal Domicile

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)

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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 $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

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	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

EAST DETROIT FEDERATION OF TEACHERS SCHOLARSHIP FUND INC