WASHINGTON SCHOLARSHIP FUND INC (EIN 462433377) - 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

2013

Legal Domicile

Principal Officer

STEVEN CORNELL

Phone

8608686870

Tax Period

2024-01-01 to 2024-12-31

WASHINGTON SCHOLARSHIP FUND INC, founded in 2013, is a small nonprofit in the Education sector that reported $268K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $236K left a modest 12% surplus.

Mission

THE ORGANIZATION MISSION IS TO AWARD SCHOLARSHIPS TO SENIORS AND GRADUATES FROM SHEPAUG VALLEY HIGH SCHOOL AND OTHER SECONDARY SCHOOLS WHO HAVE BEEN RESIDENTS OF WASHINGTON, WASHINGTON DEPOT, MARBLEDALE AND NEW PRESTON FOR THEIR COLLEGE EDUCATIONS.

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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 $186,157

Program Service Revenue $0

Investment Income $81,895

Other Revenue $0

TOTAL REVENUE $268,052

Expense Breakdown

Grants Paid $185,550

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $185,550

Other Expenses $49,963

TOTAL EXPENSES $235,513

Year-over-Year Comparison

	2024	2023	Change
Revenue	$268,052	$237,477	+0.1%
Expenses	$235,513	$195,179	+0.2%
Net Income	$32,539	$42,298	-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

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
STEVEN T CORNELL	PRESIDENT	5.00	Officer Director	$0	$0	$0
CHRISTINA CORNELL RUEL	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
ANTHONY AMATO	TREASURER	5.00	Officer Director	$0	$0	$0
SUSAN PAYNE	SECRETARY	5.00	Officer Director	$0	$0	$0
HUGH FRATER	DIRECTOR	1.00	Director	$0	$0	$0
KIERSTEN MARICH	DIRECTOR	1.00	Director	$0	$0	$0
DARRYL WRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH GLASS	DIRECTOR	1.00	Director	$0	$0	$0
LINDA MCGARR	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW MUSZALA	DIRECTOR	1.00	Director	$0	$0	$0
RAY REICH	DIRECTOR	1.00	Director	$0	$0	$0
SHANNON KOZAK	DIRECTOR	1.00	Director	$0	$0	$0
DAVID WERKHOVEN	DIRECTOR	1.00	Director	$0	$0	$0
JUDIE GORRA	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA ALEX	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN NICHOLAS	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTIAN ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY GOODDALE	DIRECTOR	1.00	Director	$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
2024	$268,052	$235,513	$1,492,770	$32,539
2023	$237,477	$195,179	$1,424,743	$42,298
2022	$244,916	$223,393	$1,327,163	$21,523
2021	$215,279	$243,443	$1,460,732	$-28,164
2020	$166,185	$212,357	$1,367,375	$-46,172
2019	$182,552	$211,860	$1,395,961	$-29,308
2018	$325,727	$217,229	$1,290,961	$108,498

WASHINGTON SCHOLARSHIP FUND INC