ScholarCHIPS Inc (EIN 463127898) - 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

2014

Legal Domicile

Principal Officer

Yasmine Arrington

Tax Period

2023-07-01 to 2024-06-30

ScholarCHIPS Inc, founded in 2014, is a small nonprofit in the Education sector that reported $406K in total revenue in fiscal year 2023. Revenue surged 56% from the prior year, signaling strong growth momentum. Expenses of $545K exceeded revenue, resulting in a 34% operating deficit.

Mission

Scholarchips provides college scholarships, mentoring and a peer support network to children of incarcerated parents, inspiring them to complete their college education.

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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 $404,829

Program Service Revenue $0

Investment Income $1,643

Other Revenue $0

TOTAL REVENUE $406,472

Expense Breakdown

Grants Paid $186,710

Salaries & Benefits $156,373

Fundraising Expenses $39,772

Program Expenses $394,026

Other Expenses $201,851

TOTAL EXPENSES $544,934

Year-over-Year Comparison

	2023	2022	Change
Revenue	$406,472	$261,153	+0.6%
Expenses	$544,934	$375,206	+0.5%
Net Income	$-138,462	$-114,053	+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

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

$126,325

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Yasmine Arrington	Founder and Executive Directo	40.00	Officer	$116,769	$9,556	$126,325
Natalie Eisner	Board Member	2.00	Director	$0	$0	$0
Stephanie Cummings Carr	Board Member	2.00	Director	$0	$0	$0
Robert Mayo	Board Member	2.00	Director	$0	$0	$0
Alex Hollingsworth	Board Member	2.00	Director	$0	$0	$0
Karen Addis	Board Member	2.00	Director	$0	$0	$0
Andranae Nelson	Board Member	2.00	Director	$0	$0	$0
Chris Magnuson	Board Chair	7.00	Officer Director	$0	$0	$0
Miyesha Perry	Vice Chair	2.00	Officer Director	$0	$0	$0
Scott Rechler	Treasurer	2.00	Officer Director	$0	$0	$0
Raynna Nkwanyuo	Secretary	2.00	Officer 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	No data	No data	No data	No data
2024	$406,472	$544,934	$259,766	$-138,462
2023	$261,153	$375,206	$405,793	$-114,053
2022	$291,640	$275,068	$513,986	$16,572
2021	$490,132	$201,374	$493,948	$288,758
2020	$247,494	$218,161	$205,190	$29,333

ScholarCHIPS Inc