Washington, DC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
Scholarchips provides college scholarships, mentoring and a peer support network to children of incarcerated parents, inspiring them to complete their college education.
Scholarchips awardees receive college funding (I.E. Renewable Scholarships and Book Awards), and all of the scholars have the opportunity to benefit from our additional programs, including mentoring...
Scholarchips awardees receive college funding (I.E. Renewable Scholarships and Book Awards), and all of the scholars have the opportunity to benefit from our additional programs, including mentoring, cultural enrichment, college life skills workshops and a peer support network. Since the programs inception in 2012, the organization has supported seventy-seven scholars, and thirty-two scholars have graduated from their respective undergraduate studies programs.Scholarchips also maintained its in-house one-on-one mentorship program, where scholars are matched with vetted volunteer mentors from within the community. Scholars and mentors have reported that they are enjoying their relationship and that it is mutually beneficial. ScholarCHIPS does have a new Mental Health and Wellness Program. This is a new program that was launched in 2020. ScholarCHIPS Mental Health and Wellness Program is designed to provide educational and mental/emotional programming and supports for scholars to aid in healthy development and to ensure that they can complete their college education. Programming includes mental health and wellness workshops and webinars on sub-topics such as building positive self-esteem and body image, dealing with depression and anxiety, etc. Through this program, ScholarCHIPS offers referral lists for therapy services upon scholars requests and offers financial assistance to scholars who are seeking therapy from a licensed therapist, who have financial need.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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