PARSONS BLEWETT MEMORIAL FUND

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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

1916

Legal Domicile

Principal Officer

SONIA PRATT

Phone

3143452512

Tax Period

2024-01-01 to 2024-12-31

PARSONS BLEWETT MEMORIAL FUND, founded in 1916, is a community nonprofit in the Education sector that reported $8.8M in total revenue in fiscal year 2024. Revenue surged 267% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.7M, a strong 54% operating margin.

Mission

TO PROVIDE SCHOLARSHIPS, GRANTS, NON-INTEREST BEARING LOANS AND RELIEF ASSISTANCE TO QUALIFIED ACTIVE AND RETIRED EDUCATION EMPLOYEES OF THE CITY OF ST. LOUIS PUBLIC SCHOOL SYSTEM.

Program Service Accomplishments

Program 1

Expenses: $1,248,857 Revenue: $0

PROVIDE SCHOLARSHIP GRANTS TO QUALIFIED ACTIVE EDUCATION EMPLOYEES OF THE ST. LOUIS CITY PUBLIC SCHOOL SYSTEM. NUMBER OF SCHOLARSHIPS/GRANTS = 367. THIS PROGRAM BENEFITS THE COMMUNITY AT LARGE BY...

PROVIDE SCHOLARSHIP GRANTS TO QUALIFIED ACTIVE EDUCATION EMPLOYEES OF THE ST. LOUIS CITY PUBLIC SCHOOL SYSTEM. NUMBER OF SCHOLARSHIPS/GRANTS = 367. THIS PROGRAM BENEFITS THE COMMUNITY AT LARGE BY ATTRACTING AND RETAINING EMPLOYEES TO PUBLIC SCHOOL SYSTEM, AS WELL AS BY IMPROVING THE JOB RELATED SKILLS OF THESE EMPLOYEES.

Program 2

Expenses: $926,752 Revenue: $0

PROFESSIONAL DEVELOPMENT GRANTS PROVIDE FOR AN INDIVIDUAL AND/OR STAFF GROUP OF THE ST. LOUIS PUBLIC SCHOOLS TO PARTICIPATE IN WORKSHOPS AND PROFESSIONAL DEVELOPMENT PROGRAMS, SEMINARS OR ACTIVITIES...

Program 3

Expenses: $41,865 Revenue: $0

PROVIDE NON-INTEREST BEARING LOANS AND RELIEF ASSISTANCE TO QUALIFIED ACTIVE AND RETIRED EDUCATION EMPLOYEES OF ST. LOUIS CITY PUBLIC SCHOOL SYSTEM. NUMBER OF PERSONS BENEFITED = 3

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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 $8,771,871

Other Revenue $2,391

TOTAL REVENUE $8,774,262

Expense Breakdown

Grants Paid $3,140,548

Salaries & Benefits $444,293

Fundraising Expenses $0

Program Expenses $3,482,594

Other Expenses $492,453

TOTAL EXPENSES $4,077,294

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,774,262	$2,391,011	+2.7%
Expenses	$4,077,294	$3,692,646	+0.1%
Net Income	$4,696,968	$-1,301,635	-4.6%

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

$176,336

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR KEISHA SCARLETT	PRESIDENT (THRU 10/24)	1.00	Officer Director	$0	$0	$0
ANGELA BANKS	SECRETARY/TREASURER (THRU 12/24)	1.00	Officer Director	$0	$0	$0
THE HONORABLE DARLENE GREEN	TRUSTEE	1.00	Director	$0	$0	$0
LINDA RIEKES	TRUSTEE	1.00	Director	$0	$0	$0
DEJEANETTE WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
DR ALICE ROACH	ADMIN. DIRECTOR	40.00	Officer	$136,722	$39,614	$176,336
SONIA PRATT	BUSINESS MANAGER	40.00	Highest	$110,281	$38,240	$148,521

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	$8,774,262	$4,077,294	$81,676,132	$4,696,968
2023	$2,391,011	$3,692,646	$69,819,277	$-1,301,635
2022	$2,214,321	$4,287,139	$59,372,034	$-2,072,818
2021	$7,297,330	$4,026,384	$79,487,914	$3,270,946
2020	$6,445,863	$3,754,780	$75,522,969	$2,691,083
2019	$4,164,296	$3,348,595	$62,499,758	$815,701
2018	$6,802,770	$3,548,136	$55,865,570	$3,254,634