THE SCHOLARSHIP FOUNDATION OF ST L… - 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

1920

Legal Domicile

Principal Officer

JANET HENDRICKSON

Phone

3147257990

Tax Period

2024-01-01 to 2024-12-31

THE SCHOLARSHIP FOUNDATION OF ST LOUIS, founded in 1920, is a mid-sized nonprofit that reported $11.0M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Net assets of $42.9M represent 47 months of operating reserves.

Mission

BASED ON A CONVICTION THAT AN EDUCATED SOCIETY IS ESSENTIAL TO A HEALTHY DEMOCRACY, THE SCHOLARSHIP FOUNDATION OF ST. LOUIS SUPPORTS STUDENTS WITH FINANCIAL NEED TO AND THROUGH HIGHER EDUCATION BY PROVIDING SCHOLARSHIP GRANTS, INTEREST-FREE LOANS, AND STUDENT SUPPORT SERVICES.

Program Service Accomplishments

Program 1

Expenses: $8,579,135 Revenue: $2,551,963

OPERATING ON A NONDISCRIMINATORY BASIS, THE FOUNDATION AWARDS SCHOLARSHIP GRANTS AND RENEWABLE INTEREST-FREE, FEE-FREE LOANS TO APPLICANTS WITH SIGNIFICANT FINANCIAL NEED WHO DEMONSTRATE SATISFACTORY ACADEMIC PROGRESS AND GOOD CHARACTER AND ARE FROM THE PROGRAM'S ELIGIBLE SERVICE AREA OR GRADUATE FROM AN ELIGIBLE HIGH SCHOOL. DURING 2024, 554 STUDENTS WERE AWARDED A TOTAL OF $5,296,994 IN SCHOLARSHIP GRANTS AND $1,237,450 IN INTEREST-FREE LOANS.

Program 2

Expenses: $770,266

THE FOUNDATION'S STUDENT ADVISING PROGRAM PROVIDES GUIDANCE AND ASSISTANCE TO STUDENTS AND FAMILIES, HELPING THEM NAVIGATE THE PROCESS OF APPLYING FOR FINANCIAL AID AND MAKE ENROLLMENT DECISIONS...

THE FOUNDATION'S STUDENT ADVISING PROGRAM PROVIDES GUIDANCE AND ASSISTANCE TO STUDENTS AND FAMILIES, HELPING THEM NAVIGATE THE PROCESS OF APPLYING FOR FINANCIAL AID AND MAKE ENROLLMENT DECISIONS. STUDENTS WHO RECEIVE SCHOLARSHIP GRANTS OR INTEREST-FREE LOANS FROM THE FOUNDATION ARE ASSIGNED A STUDENT ADVISOR WHO IS RESPONSIBLE FOR PROVIDING PERSONALIZED SUPPORT AND ADVISING THROUGHOUT COLLEGE. DURING 2024, FOUNDATION ADVISORS ENGAGED WITH 6,309 INDIVIDUALS, PROVIDING NECESSARY INFORMATION AND TIMELY RESOURCES TO SUPPORT INFORMED DECISION-MAKING BY STUDENTS.

Program 3

Expenses: $220,610

THE FOUNDATION OFFERS STUDENTS A POLICY FELLOWSHIP PROGRAM AS PART OF THE ORGANIZATION'S COMMITMENT TO SUPPORTING AN EDUCATED SOCIETY. FOUNDATION STUDENTS ARE IN THE STRONGEST POSITION TO LEAD THIS EFFORT SINCE THEY ARE NAVIGATING BARRIERS TO HIGHER EDUCATION. IN 2024, THE FOUNDATION ENGAGED SELECTED STUDENTS IN A POLICY FELLOWSHIP PROGRAM IN WHICH THEY RESEARCHED SPECIFIC ISSUES, DEVELOPED THE FOUNDATION'S POLICY PLATFORM, AND ADVOCATED FOR ITS IMPLEMENTATION AT THE STATE, FEDERAL, AND CAMPUS LEVELS.

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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 $7,101,414

Program Service Revenue $2,336,300

Investment Income $1,329,554

Other Revenue $215,663

TOTAL REVENUE $10,982,931

Expense Breakdown

Grants Paid $6,534,444

Salaries & Benefits $2,155,330

Fundraising Expenses $660,815

Program Expenses $9,570,011

Other Expenses $2,274,891

TOTAL EXPENSES $10,964,665

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,982,931	$11,788,636	-0.1%
Expenses	$10,964,665	$9,337,176	+0.2%
Net Income	$18,266	$2,451,460	-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

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

Key Employees

$265,185

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM RUWITCH	PRESIDENT	10.00	Officer Director	$0	$0	$0
JOHN MILONAS	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
DEBRA KENNARD	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
MUHAMMAD ISLAM	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
JANET HENDRICKSON	TREASURER	4.00	Officer Director	$0	$0	$0
BETH-ANNE YAKUBU	SECRETARY	4.00	Officer Director	$0	$0	$0
JILL NOWAK	MEMBER AT LARGE	4.00	Officer Director	$0	$0	$0
GERALD AXELBAUM	DIRECTOR	2.00	Director	$0	$0	$0
AZMY AZMY	DIRECTOR	2.00	Director	$0	$0	$0
MATT DACE	DIRECTOR	2.00	Director	$0	$0	$0
CORY BRICKER	DIRECTOR	2.00	Director	$0	$0	$0
CARDELIA COLLIER-ROBINSON	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER ENGELING	DIRECTOR	2.00	Director	$0	$0	$0
JENNIE JEAN-JACQUES	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN FERNANDEZ	DIRECTOR	2.00	Director	$0	$0	$0
KATHERINE KREUSSER	DIRECTOR	2.00	Director	$0	$0	$0
LAURA KIPNIS	DIRECTOR	2.00	Director	$0	$0	$0
CLAYTON EVANS	DIRECTOR	2.00	Director	$0	$0	$0
APRIL MICKENS JOLLY	DIRECTOR	4.00	Director	$0	$0	$0
JOAN MAGRUDER	DIRECTOR	2.00	Director	$0	$0	$0
LAINIE NEIMAN	DIRECTOR	2.00	Director	$0	$0	$0
DAVID MEYER	DIRECTOR	2.00	Director	$0	$0	$0
JORDAN WATSON	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL F JONES II	DIRECTOR	2.00	Director	$0	$0	$0
PAULA D KNIGHT	DIRECTOR	2.00	Director	$0	$0	$0
JACQUELIN MEADERS BOOTH	DIRECTOR	2.00	Director	$0	$0	$0
BOB SCHMALZ	DIRECTOR	2.00	Director	$0	$0	$0
HEIDI VERON	DIRECTOR	2.00	Director	$0	$0	$0
MARTHA ARONSON	DIRECTOR	2.00	Director	$0	$0	$0
GWENDOLYN GOOSBY MIZELL	DIRECTOR	2.00	Director	$0	$0	$0
KAREN O DRAKE	DIRECTOR	2.00	Director	$0	$0	$0
LAUREN NASH MING	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT FOLEY	DIRECTOR OF INFORMATION TE	45.00	Highest	$144,517	$18,049	$162,566
TAMEKA HERRION	SENIOR DIRECTOR OF PROGRAM	45.00	Highest	$127,669	$12,871	$140,540
CATHERINE HILL	DIRECTOR OF FINANCE AND CO	45.00	Highest	$127,416	$10,622	$138,038
JENNY WEBER	DIRECTOR OF ADVANCEMENT	45.00	Highest	$141,953	$12,476	$154,429
FAITH SANDLER	EXECUTIVE DIRECTOR	55.00	Key Emp	$239,118	$26,067	$265,185

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	No data	No data	No data	No data
2024	$10,982,931	$10,964,665	$46,287,097	$18,266
2023	$11,788,636	$9,337,176	$46,405,455	$2,451,460
2022	$7,587,422	$9,042,342	$46,466,432	$-1,454,920
2021	$11,563,775	$8,294,220	$49,025,721	$3,269,555
2020	$8,250,681	$8,092,921	$46,641,918	$157,760
2019	$10,296,140	$7,408,877	$44,299,539	$2,887,263
2018	$6,906,910	$7,220,548	$39,256,046	$-313,638

THE SCHOLARSHIP FOUNDATION OF ST LOUIS