GLOUCESTER SCHOLARSHIP FOUNDATION INC (EIN 464340095) - 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

Phone

9782837079

Tax Period

2024-01-01 to 2024-12-31

GLOUCESTER SCHOLARSHIP FOUNDATION INC, founded in 2013, is a small nonprofit in the Education sector that reported $126K in total revenue in fiscal year 2024. Revenue surged 125% from the prior year, signaling strong growth momentum. The organization ran a surplus of $53K, a strong 42% operating margin.

Mission

TO EXPAND ACCESS TO HIGHER EDUCATION FOR STUDENTS OF GLOUCESTER HIGH SCHOOL, GLOUCESTER, MASSACHUSETTS BY RAISING FUNDS FOR STUDENT AID DISTRIBUTION AND DISTRIBUTING AWARDS TO SUCH STUDENTS ON A FAIR AND NON-DISCRIMINATORY BASIS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,203

Program Service Revenue $0

Investment Income $115,395

Other Revenue $5,703

TOTAL REVENUE $126,301

Expense Breakdown

Grants Paid $59,800

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $13,115

TOTAL EXPENSES $72,915

Year-over-Year Comparison

	2024	2023	Change
Revenue	$126,301	$56,043	+1.3%
Expenses	$72,915	$55,453	+0.3%
Net Income	$53,386	$590	+89.5%

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

N/A

Independent Members

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NANCY MERTENS	BOARD MEMBER	1.0	Director	$0	$0	$0
MICHAEL SIKORSKI	BOARD MEMBER	1.0	Director	$0	$0	$0
JENNIFER DORT	BOARD MEMBER	1.0	Director	$0	$0	$0
LAWRENCE INGERSOLL	PRESIDENT	1.0	Officer	$0	$0	$0
ANNETTE CAMPBELL	VICE PRESIDENT/TREASURER	1.0	Officer	$0	$0	$0
KATHRYN WILLIAMS	SECRETARY/BOARD MEMBER	1.0	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
2025	No data	No data	No data	No data
2024	$126,301	$72,915	$1,700,940	$53,386
2023	$56,043	$55,453	$1,650,845	$590
2022	$84,249	$62,354	$1,646,388	$21,895
2021	$150,645	$70,800	$1,622,142	$79,845
2020	$57,588	$49,163	$1,541,825	$8,425

GLOUCESTER SCHOLARSHIP FOUNDATION INC