YOUNG SCHOLARS FUND INC

EIN: 461246652 501(c)(3) Unknown

Amherst, MA

Total Revenue
$61,814
Total Expenses
$25,962
Total Assets
$613,049
Net Assets
$613,049
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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
MA
Principal Officer
Melody Foti
Phone
4135300064
Tax Period
2023-07-01 to 2024-06-30

YOUNG SCHOLARS FUND INC, founded in 2012, is a micro nonprofit in the Unknown sector that reported $62K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $36K, a strong 58% operating margin.

Mission

Provide college scholarships

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $48,780
Program Service Revenue $0
Investment Income $13,034
Other Revenue $0
TOTAL REVENUE $61,814

Expense Breakdown

Grants Paid $19,012
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $20,455
Other Expenses $6,950
TOTAL EXPENSES $25,962

Year-over-Year Comparison

2023 2022 Change
Revenue $61,814 $50,676 +0.2%
Expenses $25,962 $9,341 +1.8%
Net Income $35,852 $41,335 -0.1%
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

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
45

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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David Cohen Director 2
Director
$0 $0 $0
Doris Cohen Director 2
Director
$0 $0 $0
LaTonia Naylor Director 1
Director
$0 $0 $0
Lan Katz Director 1
Director
$0 $0 $0
Melody Foti President 5
Officer
$0 $0 $0
Kim Henrichon Vice President 4
Officer
$0 $0 $0
Emma Ford Secretary 4
Officer
$0 $0 $0
David Arnold Treasurer 2
Officer
$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
2025 No data No data No data No data
2024 $61,814 $25,962 $613,049 $35,852
2023 $50,676 $9,341 $509,135 $41,335
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