ACE Scholarship Foundation of NY Inc (EIN 464977656) - 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

2014

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

ACE Scholarship Foundation of NY Inc, founded in 2014, is a small nonprofit in the Education sector that reported $206K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $74K, a strong 36% operating margin.

Mission

To provide scholarships to students pursuing careers in architecture, engineering, and construction and mentoring to support their continued advancement in the industry.

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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 $197,000

Program Service Revenue $0

Investment Income $9,005

Other Revenue $0

TOTAL REVENUE $206,005

Expense Breakdown

Grants Paid $131,525

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $131,525

Other Expenses $430

TOTAL EXPENSES $131,955

Year-over-Year Comparison

	2023	2022	Change
Revenue	$206,005	$177,435	+0.2%
Expenses	$131,955	$161,784	-0.2%
Net Income	$74,050	$15,651	+3.7%

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

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	Role	Reportable Comp	Other Comp	Total
DENISE BERGER	TRUSTEE	Director	$0	$0	$0
JOSEPH ALIOTTA	TRUSTEE	Director	$0	$0	$0
ANTHONY SCHIRRIPA	TRUSTEE	Director	$0	$0	$0
MILO RIVERSO	TRUSTEE	Director	$0	$0	$0
CHERYL MCKISSAK	TRUSTEE	Director	$0	$0	$0
SUSAN HAYES	TRUSTEE	Director	$0	$0	$0
DANA L MARK	TRUSTEE	Director	$0	$0	$0
RICHARD ANDERSON	TRUSTEE	Director	$0	$0	$0
FRANK SCIAME	TRUSTEE	Director	$0	$0	$0
DOMINICK SERVEDIO	VICE CHAIR	Officer Director	$0	$0	$0
JOHN MAGLIANO	CHAIRPERSON	Officer Director	$0	$0	$0
ED JERMAN	SECRETARY	Officer Director	$0	$0	$0
STEPHEN J MANNHAUPT	TREASURER	Officer 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
2024	No data	No data	No data	No data
2023	$206,005	$131,955	$244,400	$74,050
2021	$110,324	$142,373	$167,206	$-32,049
2020	$200,727	$185,700	$206,541	$15,027
2019	$209,865	$193,850	$183,333	$16,015
2018	$136,513	$169,875	$168,437	$-33,362

ACE Scholarship Foundation of NY Inc