STANLEY SCHOLARSHIP FUNDS 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

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.

Program Service Accomplishments

Program 1

Expenses: $77,720

THE ORGANIZATION PAID OUT SCHOLARSHIPS TO STUDENTS GRADUATING FROM STANLEY HIGH SCHOOL, STANLEY, ND, AND ATTENDING HIGHER EDUCATION INSTITUTES.

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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 $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

Governance

Voting Members

Independent Members

N/A

Employees

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

$3,900

Total Directors

Key Employees

Highest Compensated

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