IRONWOOD AREA SCHOLARSHIP FOUNDATION C/O TIMOTHY KOLESAR (EIN 382822183) - 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

1988

Legal Domicile

Principal Officer

TIM KOLESAR

Phone

9069320932

Tax Period

2024-07-01 to 2025-06-30

IRONWOOD AREA SCHOLARSHIP FOUNDATION C/O TIMOTHY KOLESAR, founded in 1988, is a small nonprofit that reported $163K in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $179K exceeded revenue, resulting in a 10% operating deficit.

Mission

SOLICIT FUNDS TO USE AS ENDOWMENT, INCOME FROM WHICH IS GRANTED TO HIGH SCHOOL GRADUATES BASED ON THEIR PERFORMANCES, GRADES, AND ACHIEVEMENTS

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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 $27,482

Program Service Revenue $0

Investment Income $135,277

Other Revenue $0

TOTAL REVENUE $162,759

Expense Breakdown

Grants Paid $162,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $163,270

Other Expenses $16,814

TOTAL EXPENSES $179,314

Year-over-Year Comparison

	2024	2023	Change
Revenue	$162,759	$112,661	+0.4%
Expenses	$179,314	$39,361	+3.6%
Net Income	$-16,555	$73,300	-1.2%

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
DARLENE DUGAN	DIRECTOR	N/A	Director	$0	$0	$0
JOHN LUPINO	DIRECTOR	N/A	Director	$0	$0	$0
BILL MALLOY	DIRECTOR	N/A	Director	$0	$0	$0
DAN MARTINSON	DIRECTOR	N/A	Director	$0	$0	$0
MELISSA NIGH	DIRECTOR	N/A	Director	$0	$0	$0
DAN PAVLOVICH	DIRECTOR	N/A	Director	$0	$0	$0
VICKY WATSON	DIRECTOR	N/A	Director	$0	$0	$0
MARILYN CAREY	SECRETARY	N/A	Officer	$0	$0	$0
TIM KOLESAR	PRESIDENT	N/A	Officer	$0	$0	$0
DAVID MANKI	VICE PRESIDE	N/A	Officer	$0	$0	$0
MARY STAUFFER	TREASURER	N/A	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	$162,759	$179,314	$1,979,469	$-16,555
2024	$112,661	$39,361	$1,956,183	$73,300
2023	$126,622	$113,010	$1,746,019	$13,612
2022	$121,397	$167,633	$1,644,721	$-46,236
2021	$103,417	$35,604	$2,056,250	$67,813
2020	$166,235	$68,416	$1,621,606	$97,819
2019	$370,437	$60,578	$1,632,924	$309,859

IRONWOOD AREA SCHOLARSHIP FOUNDATION C/O TIMOTHY KOLESAR