THE PRISON SCHOLAR FUND (EIN 412175677) - 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

2006

Legal Domicile

Principal Officer

Dirk van Velzen

Phone

2067345425

Tax Period

2024-01-01 to 2024-12-31

THE PRISON SCHOLAR FUND, founded in 2006, is a small nonprofit in the Crime & Legal sector that reported $806K in total revenue in fiscal year 2024. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 33% operating deficit.

Mission

The Prison Scholar Fund is committed to providing educational opportunities, professional development, transitional support, and advocacy for those impacted by incarceration.

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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 $805,880

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $805,880

Expense Breakdown

Grants Paid $738,157

Salaries & Benefits $295,432

Fundraising Expenses $37,760

Program Expenses $979,567

Other Expenses $40,395

TOTAL EXPENSES $1,073,984

Year-over-Year Comparison

	2024	2023	Change
Revenue	$805,880	$2,293,100	-0.6%
Expenses	$1,073,984	$2,388,828	-0.6%
Net Income	$-268,104	$-95,728	+1.8%

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

Volunteers

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

$84,832

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dirk van Velzen	CEO	70	Director Highest	$84,832	$0	$84,832
Brent Orrell	Director	1	Director	$0	$0	$0
Tim Pauley	Director	1	Director	$0	$0	$0
Xuelian Chi	Chairperson	5	Director	$0	$0	$0
Seph McCarty	Treasurer	5	Director	$0	$0	$0
Arjun Dubashi	Secretary	5	Director	$0	$0	$0
Olivia Alcaire	Director	1	Director	$0	$0	$0
Lex Colleen	Director	1	Director	$0	$0	$0
Darnell Dumas	Director	1	Director	$0	$0	$0
Antoinette Govan	Director	1	Director	$0	$0	$0
Sai Nimmagadda	Director	5	Director	$0	$0	$0
Robert Wood	Director	1	Director	$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	$805,880	$1,073,984	$22,947	$-268,104
2023	$2,293,100	$2,388,828	$192,768	$-95,728
2022	$1,137,148	$1,060,204	$70,612	$76,944
2021	$1,210,114	$1,224,683	$23,697	$-14,569
2020	$767,067	$737,310	$26,284	$29,757

THE PRISON SCHOLAR FUND