WASHINGTON SCHOLARSHIP FUND INC

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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

2025-01-01 to 2025-12-31

WASHINGTON SCHOLARSHIP FUND INC, founded in 2013, is a small nonprofit in the Education sector that reported $247K in total revenue in fiscal year 2025. Revenue decreased 8% compared to the prior year. Expenses of $234K left a modest 5% 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.

Program Service Accomplishments

Program 1

Expenses: $189,027

THE PROGRAM PROVIDED EDUCATIONAL SCHOLARSHIPS TO THIRTY-SIX INDIVIDUALS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $170,036

Program Service Revenue $0

Investment Income $76,848

Other Revenue $0

TOTAL REVENUE $246,884

Expense Breakdown

Grants Paid $189,027

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $189,027

Other Expenses $44,922

TOTAL EXPENSES $233,949

Year-over-Year Comparison

	2025	2024	Change
Revenue	$246,884	$268,052	-0.1%
Expenses	$233,949	$235,513	0.0%
Net Income	$12,935	$32,539	-0.6%

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
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	AWARDS COMMITTTEE CHAIRMAN	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
2025	$246,884	$233,949	$1,559,188	$12,935
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