BHS SCHOLARSHIPS INC

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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

1997

Legal Domicile

Principal Officer

DOUG BELOT

Phone

2627637176

Tax Period

2023-01-01 to 2023-12-31

BHS SCHOLARSHIPS INC, founded in 1997, is a small nonprofit in the Education sector that reported $141K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $126K left a modest 11% surplus.

Mission

TO PROVIDE FOR SCHOLARSHIPS FOR BURLINGTON HIGH SCHOOL GRADUATES

Program Service Accomplishments

Program 1

Expenses: $126,000

SCHOLARSHIPS TO BURLINGTON HIGH SCHOOL GRADUATES GOING ON TO COLLEGES, UNIVERSITIES AND TECHNICAL SCHOOLS FROM GRANTS MADE TO BHS SCHOLARSHIPS BY LOCAL BUSINESSES AND INDIVIDUALS AND OTHER CHARITABLE...

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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 (2023)

Revenue Breakdown

Contributions & Grants $134,080

Program Service Revenue $0

Investment Income $7,141

Other Revenue $0

TOTAL REVENUE $141,221

Expense Breakdown

Grants Paid $126,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $126,197

Other Expenses $197

TOTAL EXPENSES $126,197

Year-over-Year Comparison

	2023	2022	Change
Revenue	$141,221	$112,833	+0.3%
Expenses	$126,197	$103,000	+0.2%
Net Income	$15,024	$9,833	+0.5%

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
DOUG BELOT	PRESIDENT	N/A	Officer	$0	$0	$0
PAUL B EDWARDS CPA	ASSISTANT TR	N/A	Officer	$0	$0	$0
LESLIE EDWARDS	SECRETARY	N/A	Officer	$0	$0	$0
LAURIE MILLER	TREASURER	N/A	Officer	$0	$0	$0
PETER SMET	VICE PRESIDE	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$141,221	$126,197	$529,285	$15,024
2022	$112,833	$103,000	$433,535	$9,833
2021	$212,048	$99,137	$506,369	$112,911
2020	$188,640	$87,523	$393,458	$101,117