AFMS Scholarship Foundation 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

1958

Legal Domicile

Tax Period

2022-11-01 to 2023-10-31

AFMS Scholarship Foundation Inc, founded in 1958, is a micro nonprofit in the Education sector that reported $82K in total revenue in fiscal year 2022. Revenue fell 26% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $14K, a strong 17% operating margin.

Mission

To provide scholarships for advanced degrees in the field of earth sciences.

Program Service Accomplishments

Program 1

Expenses: $48,000

Scholarships awarded to students who have acquired their bachelor degree in the earth sciences and are continuing to work on their masters or doctorate degree. Students are selected by universities...

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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 (2022)

Revenue Breakdown

Contributions & Grants $32,787

Program Service Revenue $0

Investment Income $48,829

Other Revenue $0

TOTAL REVENUE $81,616

Expense Breakdown

Grants Paid $48,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $48,000

Other Expenses $19,833

TOTAL EXPENSES $67,833

Year-over-Year Comparison

	2022	2021	Change
Revenue	$81,616	$109,632	-0.3%
Expenses	$67,833	$69,769	0.0%
Net Income	$13,783	$39,863	-0.7%

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

N/A

Employees

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SANDIE FENDER	President	10.00	Officer Director	$0	$0	$0
MARY BATEMAN	Secretary	10.00	Officer Director	$0	$0	$0
BARBARA RINGHISER	Treasurer	10.00	Officer Director	$0	$0	$0
KIMBERLY FIALA	Director	0.50	Director	$0	$0	$0
BOB RUSH	Director	0.50	Director	$0	$0	$0
ELLERY BORROW	Director	0.50	Director	$0	$0	$0
MARY FERGUSON RICH	Director	0.50	Director	$0	$0	$0
CHERYL NEARY	Vice President	5.00	Officer Director	$0	$0	$0
JENNIFER HALEY	Director	0.50	Director	$0	$0	$0
DARRELL COYLE	Director	0.50	Director	$0	$0	$0
SHERI JOHNSON	Director	0.50	Director	$0	$0	$0
JODI BREWSTER	Director	0.50	Director	$0	$0	$0
BILL STEPHENS	Director	0.50	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	No data	No data	No data	No data
2023	$81,616	$67,833	$1,521,293	$13,783
2022	$109,632	$69,769	$1,463,260	$39,863
2021	$112,990	$68,117	$1,757,253	$44,873
2020	$47,134	$57,933	$1,476,784	$-10,799
2019	$89,318	$63,571	$1,425,273	$25,747
2018	$73,750	$64,238	$1,335,818	$9,512