Lake Worth Dollars For Scholars Inc (EIN 465054610) - 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

Principal Officer

Michael L Woods

Phone

5619013489

Tax Period

2022-01-01 to 2022-12-31

Lake Worth Dollars For Scholars Inc, founded in 2014, is a small nonprofit that reported $166K in total revenue in fiscal year 2022. The organization ran a surplus of $147K, a strong 89% operating margin.

Mission

The purpose of the chapter shall be to expand access to higher education for students of Lake Worth Community High School, Lake Worth, Florida by promoting the Dollars for Scholars program, developing an operational structure, raising funds for student aid distribution, and distributing awards on a fair and nondiscriminatory basis. The chapter shall operate in a manne consistent with the policies and procedures of Scholarship America.

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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 (2022)

Revenue Breakdown

Contributions & Grants $110,006

Program Service Revenue $0

Investment Income $55,500

Other Revenue $0

TOTAL REVENUE $165,506

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $19,000

Program Expenses $0

Other Expenses $0

TOTAL EXPENSES $19,000

Year-over-Year Comparison

	2022	2021	Change
Revenue	$165,506	N/A	N/A
Expenses	$19,000	N/A	N/A
Net Income	$146,506	N/A	N/A

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
Lady Hereford	President	2.00	Officer Director	$0	$0	$0
Gail Paglialungo	Secretary	2.00	Officer Director	$0	$0	$0
Michael Woods	Treasurer	2.00	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
2022	$165,506	$19,000	$1,295,168	$146,506

Lake Worth Dollars For Scholars Inc