Scholarship Assistance Fund (EIN 463339317) - 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

William Kearns

Phone

8474600700

Tax Period

2023-01-01 to 2023-12-31

Scholarship Assistance Fund, founded in 2013, is a micro nonprofit in the Education sector that reported $93K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $86K left a modest 8% surplus.

Mission

Provide college scholarships for students in surrounding local area

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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 $70,318

Program Service Revenue $0

Investment Income $22,558

Other Revenue $0

TOTAL REVENUE $92,876

Expense Breakdown

Grants Paid $48,000

Salaries & Benefits $0

Fundraising Expenses $20,595

Program Expenses $48,000

Other Expenses $37,872

TOTAL EXPENSES $85,872

Year-over-Year Comparison

	2023	2022	Change
Revenue	$92,876	$100,851	-0.1%
Expenses	$85,872	$193,310	-0.6%
Net Income	$7,004	$-92,459	-1.1%

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
David Annin	President	10.0	Officer Director	$0	$0	$0
Hunter Hamilton	Vice President	5.0	Officer Director	$0	$0	$0
Cindy O'Donnell	Secretary	5.0	Officer Director	$0	$0	$0
Terry Anderson	Director	5.0	Director	$0	$0	$0
Dina Derman	Director	10.0	Director	$0	$0	$0
Marie DiVirgilio	Director	5.0	Director	$0	$0	$0
Corey Heidkamp	Director	10.0	Director	$0	$0	$0
Rebecca Jacob	Treasurer	10.0	Director	$0	$0	$0
Jenna Korakakis	Director	5.0	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	No data	No data	No data	No data
2023	$92,876	$85,872	$554,589	$7,004
2022	$100,851	$193,310	$532,266	$-92,459
2021	$115,902	$91,292	$630,327	$24,610
2020	$85,044	$77,757	$582,830	$7,287
2019	$169,517	$87,433	$585,238	$82,084
2018	$78,895	$93,631	$493,288	$-14,736

Scholarship Assistance Fund