MABEL E SHERMAN EDUCATIONAL FUND C… - Form 990 Financial Data

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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

1978

Legal Domicile

Phone

7127325440

Tax Period

2024-07-01 to 2025-06-30

MABEL E SHERMAN EDUCATIONAL FUND C/O CITIZENS FIRST NATIONAL BANK, founded in 1978, is a small nonprofit in the Education sector that reported $365K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $172K, a strong 47% operating margin.

Mission

TO PROVIDE FOR STUDENT LOANS, SCHOLARSHIPS AND GRANTS FOR INDIVIDUALS ATTENDING MORNINGSIDE COLLEGE, BUENA VISTA UNIVERSITY AND CORNELL COLLEGE.

Program Service Accomplishments

Program 1

Expenses: $139,657

DISTRIBUTED FUNDS TO MORNINGSIDE COLLEGE, BUENA VISTA UNIVERSITY AND CORNELL COLLEGE FOR ADVANCEMENT OF STUDENT LOANS.

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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 $0

Program Service Revenue $0

Investment Income $364,570

Other Revenue $0

TOTAL REVENUE $364,570

Expense Breakdown

Grants Paid $139,657

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $139,657

Other Expenses $52,545

TOTAL EXPENSES $192,202

Year-over-Year Comparison

	2024	2023	Change
Revenue	$364,570	$304,178	+0.2%
Expenses	$192,202	$218,570	-0.1%
Net Income	$172,368	$85,608	+1.0%

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

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
N/A	TRUSTEE	1.00		$0	$48,112	$48,112

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	$364,570	$192,202	$7,954,280	$172,368
2024	$304,178	$218,570	$7,781,912	$85,608
2023	$328,553	$195,522	$7,696,304	$133,031
2022	$338,851	$160,943	$7,563,273	$177,908
2021	$231,676	$165,232	$7,385,365	$66,444

MABEL E SHERMAN EDUCATIONAL FUND C/O CITIZENS FIRST NATIONAL BANK