The American Legion September 11 Memorial Scholarship Trust Fund (EIN 421553035) - 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

2002

Legal Domicile

Phone

3176301200

Tax Period

2023-01-01 to 2023-12-31

The American Legion September 11 Memorial Scholarship Trust Fund, founded in 2002, is a community nonprofit in the Education sector that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $1.9M left a modest 12% surplus.

Mission

The September 11th Memorial Scholarship Trust provides higher education funds for any qualified applicant who lost a parent to death while serving in the active-duty military since the terrorist attacks of Sept. 11, 2001, and those who were disabled with a 50% or more rating.

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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 $1,578,792

Program Service Revenue $0

Investment Income $543,077

Other Revenue $0

TOTAL REVENUE $2,121,869

Expense Breakdown

Grants Paid $1,806,093

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,806,093

Other Expenses $60,371

TOTAL EXPENSES $1,866,464

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,121,869	$1,660,609	+0.3%
Expenses	$1,866,464	$621,934	+2.0%
Net Income	$255,405	$1,038,675	-0.8%

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

N/A

Volunteers

500

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

$643,243

Total Directors

$643,243

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	CHAIRMAN (BEGAN AUG)	1.0	Officer Director	$0	$0	$40,310
N/A	Vice Chair	1.0	Officer Director	$0	$0	$0
N/A	Treasurer	1.0	Officer Director	$0	$147,872	$481,641
N/A	Chairman (Thru August)	1.0	Officer Director	$0	$1,594	$121,292
N/A	Trustee	1.0	Director	$0	$0	$0
N/A	Trustee	1.0	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	$2,121,869	$1,866,464	$17,685,636	$255,405
2022	$1,660,609	$621,934	$16,005,785	$1,038,675
2021	$1,561,052	$506,406	$17,726,661	$1,054,646
2020	$863,690	$778,197	$16,831,711	$85,493
2019	$1,473,920	$1,260,680	$16,465,533	$213,240
2018	$2,297,094	$853,243	$14,484,489	$1,443,851

The American Legion September 11 Memorial Scholarship Trust Fund