SCHOLARS FIRST

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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

2013

Legal Domicile

Principal Officer

MARTY DUTCH

Phone

9496223709

Tax Period

2019-01-01 to 2019-12-31

SCHOLARS FIRST, founded in 2013, is a micro nonprofit that reported $57K in total revenue in fiscal year 2019. Revenue fell 91% from the prior year — a significant decline worth monitoring. Expenses of $217K exceeded revenue, resulting in a 279% operating deficit.

Mission

THE MISSION OF SCHOLARS FIRST IS TO ENABLE WORTHY CHILDREN, ESPECIALLY THOSE AT-RISK AND DISADVANTAGED, TO OBTAIN THE EDUCATION THEY NEED IN ORDER TO BECOME INDEPENDENT, PRODUCTIVE AND CONTRIBUTING MEMBERS OF SOCIETY.

Program Service Accomplishments

Program 1

Expenses: $197,352

SINCE INCEPTION, FIRST FOUNDATION HAS GENEROUSLY PROVIDED TWO EMPLOYEES AND RESOURCES TO ADMINISTER THE SCHOLARSHIP PROGRAM. THE FIRM MADE A MANAGEMENT DECISION TO REDIRECT ASSETS TO PROGRAMS THAT...

SINCE INCEPTION, FIRST FOUNDATION HAS GENEROUSLY PROVIDED TWO EMPLOYEES AND RESOURCES TO ADMINISTER THE SCHOLARSHIP PROGRAM. THE FIRM MADE A MANAGEMENT DECISION TO REDIRECT ASSETS TO PROGRAMS THAT PROVIDE OPPORTUNITIES WITH NONPROFITS IN OUR COMMUNITIES TO ENGAGE MORE EMPLOYEES. AS A RESULT, THE SCHOLARS FIRST BOARD VOTED TO CONTINUE THE SCHOLARSHIPS BUT UNDER NEW MANAGEMENT.DURING THE 2019 YEAR, SCHOLARS FIRST DIRECTLY FUNDED 18 SCHOLARSHIPS. THE BOARD OF DIRECTORS APPROVED DISTRIBUTION OF ASSETS TO CONTINUE THE SCHOLARSHIPS AT THE FOLLOWING PUBLIC CHARITIES (CON SCH O):1) GLEN DOHERTY MEMORIAL FOUNDATION2) ORANGEWOOD FOUNDATION3) DESERT COMMUNITY FOUNDATION.SEE SCHEDULE N FOR MORE DETAILS.IN ADDITION, NOBBS FAMILY FOUNDATION, A PRIVATE FOUNDATION WHO HAS BEEN A DONOR TO SCHOLARS FIRST WILL CONTINUE THE SCHOLARSHIP PROGRAM IN WHICH THEY HAVE IRS APPROVAL TO CARRY OUT SUCH A PROGRAM.SCHOLARS FIRST HAS PROUDLY FUNDED APPROXIMATELY 280 STUDENT SCHOLARSHIPS SINCE INCEPTION TOTALING NEARLY $1,500,000.

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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 (2019)

Revenue Breakdown

Contributions & Grants $38,713

Program Service Revenue $0

Investment Income $18,631

Other Revenue $0

TOTAL REVENUE $57,344

Expense Breakdown

Grants Paid $160,561

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $197,352

Other Expenses $56,742

TOTAL EXPENSES $217,303

Year-over-Year Comparison

	2019	2018	Change
Revenue	$57,344	$628,495	-0.9%
Expenses	$217,303	$460,104	-0.5%
Net Income	$-159,959	$168,391	-1.9%

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHERI BORAX	DIRECTOR	0.10	Director	$0	$0	$0
DONALD DAHL	DIRECTOR	0.10	Director	$0	$0	$0
DOUGLAS FREEMAN	CHAIRMAN	0.20	Officer Director	$0	$0	$0
PAMELA COHEN	SECRETARY & TREASURER	0.25	Officer Director	$0	$0	$0
CHERYL H DEAN	DIRECTOR	0.10	Director	$0	$0	$0
LISA RUMBAUGH	DIRECTOR	0.10	Director	$0	$0	$0
BRUCE M SMILEY	DIRECTOR	0.10	Director	$0	$0	$0
MARTY DUTCH SEE SCH O	EXECUTIVE DIRECTOR	0.50	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
2019	$57,344	$217,303	No data	$-159,959
2018	$628,495	$460,104	$1,423,643	$168,391