STANLEY SCHOLARSHIP FUNDS INC

EIN: 463427042 501(c)(3) Education

STANLEY, ND

Total Revenue
$127,935
Total Expenses
$85,687
Total Assets
$2,496,854
Net Assets
$2,186,084
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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
ND
Principal Officer
KAYLEN NORDLOEF
Tax Period
2023-10-01 to 2024-09-30

STANLEY SCHOLARSHIP FUNDS INC, founded in 2013, is a small nonprofit in the Education sector that reported $128K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $42K, a strong 33% operating margin.

Mission

THE PURPOSE SHALL BE TO EXPAND ACCESS TO HIGHER EDUCATION FOR STUDENTS GRADUATING FROM STANLEY HIGH SCHOOL, STANLEY, ND.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $36,377
Program Service Revenue $0
Investment Income $91,558
Other Revenue $0
TOTAL REVENUE $127,935

Expense Breakdown

Grants Paid $77,720
Salaries & Benefits $5,452
Fundraising Expenses $0
Program Expenses $77,720
Other Expenses $2,515
TOTAL EXPENSES $85,687

Year-over-Year Comparison

2023 2022 Change
Revenue $127,935 $144,260 -0.1%
Expenses $85,687 $86,093 0.0%
Net Income $42,248 $58,167 -0.3%
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

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Governance

Voting Members
11
Independent Members
N/A
Employees
3
Volunteers
N/A

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
4
$3,900
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAYLEN NORDLOEF President 4.00
Officer
$2,900 $0 $2,900
CHRISTY IVERSON Treasurer 2.00
Officer
$1,000 $0 $1,000
KENDRA HOLLINGER Director 0.00
Director
$0 $0 $0
BARBARA REESE Director 0.00
Director
$0 $0 $0
SARAH SORENSON Director 0.00
Director
$0 $0 $0
CRAIG REYNOLDS Director 0.00
Director
$0 $0 $0
JARED GUSTAFSON Vice President 0.00
Director
$0 $0 $0
TIM HOLTE Director 0.00
Director
$0 $0 $0
QUINN SAUBER Director 0.00
Director
$0 $0 $0
BARB NESHEIM Secretary 0.00
Officer
$0 $0 $0
MEGAN FRITEL Vice President 0.00
Officer
$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 $127,935 $85,687 $2,496,854 $42,248
2023 $144,260 $86,093 $2,086,450 $58,167
2022 $224,793 $85,792 $2,003,873 $139,001
2021 $89,186 $100,587 $1,841,372 $-11,401
2020 $120,784 $85,999 $1,864,423 $34,785
2019 $140,815 $98,647 $1,819,121 $42,168
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