CENTRAL PENNSYLVANIA SCHOLARSHIP FUND (EIN 454423429) - 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

2012

Legal Domicile

Principal Officer

RANDY TARPEY

Phone

8149424406

Tax Period

2023-01-01 to 2023-12-31

CENTRAL PENNSYLVANIA SCHOLARSHIP FUND, founded in 2012, is a mid-sized nonprofit in the Education sector that reported $69.6M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $14.4M, a strong 21% operating margin.

Mission

PROVIDE EDUCATIONAL OPPORTUNITY THRU EDUCATIONAL CHOICE TO STUDENTS FROM LOW AND MIDDLE INCOME FAMILIES FACILITATED USING SCHOLARSHIPS AND EDUCATIONAL IMPROVEMENT PROGRAMS

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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 $68,171,109

Program Service Revenue $0

Investment Income $1,376,287

Other Revenue $3,680

TOTAL REVENUE $69,551,076

Expense Breakdown

Grants Paid $54,397,599

Salaries & Benefits $297,611

Fundraising Expenses $13,905

Program Expenses $54,397,599

Other Expenses $492,789

TOTAL EXPENSES $55,187,999

Year-over-Year Comparison

	2023	2022	Change
Revenue	$69,551,076	$55,334,922	+0.3%
Expenses	$55,187,999	$43,811,817	+0.3%
Net Income	$14,363,077	$11,523,105	+0.2%

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

700

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

$183,140

Total Directors

$183,140

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDY TARPEY	PRESIDENT	10.00	Officer Director	$34,500	$0	$34,500
CHRISTOPHER PALAZZI	BOARD MEMBER	1.00	Director	$0	$0	$0
EDWARD KAPLAN	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDSEY BENNETT	SECRETARY	1.00	Officer Director	$0	$0	$0
JOSEPH ADAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
TAMI CLARK	EXECUTIVE DIRECTOR	40.00	Officer Director	$91,800	$0	$91,800
CASI FRIES	TREASURER	20.00	Officer Director	$56,840	$0	$56,840

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	$69,551,076	$55,187,999	$68,395,001	$14,363,077
2022	$55,334,922	$43,811,817	$54,031,924	$11,523,105
2021	$45,167,381	$41,599,159	$42,508,819	$3,568,222
2020	$36,489,179	$29,256,888	$38,940,629	$7,232,291
2019	$30,150,094	$17,056,293	$31,708,306	$13,093,801
2018	$19,583,419	$8,113,268	$18,626,245	$11,470,151

CENTRAL PENNSYLVANIA SCHOLARSHIP FUND