THE MICHAEL P DEVITO MEMORIAL SCHOLARSHIP FOUNDATION

EIN: 465438200 501(c)(3)

SOUTHHOLD, NY

Total Revenue
$9,570
Total Expenses
$99
Total Assets
$13,478
Net Assets
$13,478
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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
NY
Principal Officer
DANIEL A DEVITO
Phone
5164967300
Tax Period
2021-01-01 to 2021-12-31

THE MICHAEL P DEVITO MEMORIAL SCHOLARSHIP FOUNDATION, founded in 2014, is a micro nonprofit that reported $10K in total revenue in fiscal year 2021. Revenue surged 356% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9K, a strong 99% operating margin.

Mission

SCHOLARSHIP FUND

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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 (2021)

Revenue Breakdown

Contributions & Grants $9,570
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $9,570

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $99
Other Expenses $99
TOTAL EXPENSES $99

Year-over-Year Comparison

2021 2020 Change
Revenue $9,570 $2,100 +3.6%
Expenses $99 $124 -0.2%
Net Income $9,471 $1,976 +3.8%
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
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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL A DEVITO DIRECTOR N/A
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
2021 $9,570 $99 $13,478 $9,471
2021 $9,570 $13,577 No data $-4,007
2020 $2,100 $124 $4,007 $1,976
2019 $163 $2,577 $2,031 $-2,414
2018 $106,100 $103,849 $4,445 $2,251
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