THE BLOOMFIELD SCHOLARSHIP FUNDINC

EIN: 465632972 501(c)(3)

BLOOMFIELD, CT

Total Revenue
$171,347
Total Expenses
$265,013
Total Assets
$18,713
Net Assets
$18,713
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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
CT
Principal Officer
DOLPH F BECKER
Tax Period
2020-01-01 to 2020-12-31

THE BLOOMFIELD SCHOLARSHIP FUNDINC, founded in 2014, is a small nonprofit that reported $171K in total revenue in fiscal year 2020. Expenses of $265K exceeded revenue, resulting in a 55% operating deficit.

Mission

TO PROVIDE FINANCIAL ASSISTANCE TO BLOOMFIELD, CT RESIDENTS WHO HAVE FINISHED HIGH SCHOOL AND WISH TO ATTEND AN INSTITUTION OF HIGHER LEARNING.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $168,597
Other Revenue $2,750
TOTAL REVENUE $171,347

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $263,300
Other Expenses $265,013
TOTAL EXPENSES $265,013

Year-over-Year Comparison

2020 2019 Change
Revenue $171,347 N/A N/A
Expenses $265,013 N/A N/A
Net Income $-93,666 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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DOLPH F BECKER PRES/TREAS/D 2.00
Officer Director
$0 $0 $0
MARJORIE K BECKER VP/SEC/DIR 0.50
Officer Director
$0 $0 $0
ALLAN THOMPSON DIRECTOR 0.50
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
2020 $171,347 $265,013 $18,713 $-93,666
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