5 Strong Scholarship Foundation Inc (EIN 471332851) - 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

Andrew Ragland

Phone

7708736621

Tax Period

2024-01-01 to 2024-12-31

5 Strong Scholarship Foundation Inc, founded in 2014, is a small nonprofit in the Education sector that reported $413K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $366K left a modest 11% surplus.

Mission

5 Strong helps to provide promising student leaders with full-tuition scholarships, college ready prep sessions, and ongoing mentoring and support from matriculation to graduation. 5 Strongs goal is for our scholars to Go, Stay, and Graduate in 4 years or less with $0 to minimal student loan debt.

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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 $413,059

Program Service Revenue $0

Investment Income $7

Other Revenue $0

TOTAL REVENUE $413,066

Expense Breakdown

Grants Paid $47,078

Salaries & Benefits $176,738

Fundraising Expenses $31,852

Program Expenses $301,928

Other Expenses $141,825

TOTAL EXPENSES $365,641

Year-over-Year Comparison

	2024	2023	Change
Revenue	$413,066	$474,277	-0.1%
Expenses	$365,641	$317,369	+0.2%
Net Income	$47,425	$156,908	-0.7%

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

N/A

Employees

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

$95,163

Total Directors

$163,250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Andrew Ragland	CEO	40.00	Officer Director	$95,163	$0	$95,163
Carolyn Hill	Foundation Mgr.	40.00	Director	$64,837	$0	$64,837
Dr Cheryl Lewis	Director	5.00	Director	$3,250	$0	$3,250
Sherida Ragland	Foundation Mgr.	10.00	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	$413,066	$365,641	$410,915	$47,425
2024	$413,066	$365,641	$410,915	$47,425
2023	$474,277	$317,369	$367,593	$156,908
2022	$303,630	$268,769	$213,781	$34,861
2021	$355,087	$221,800	$190,457	$133,287
2019	$207,697	$43,856	$176,150	$163,841

5 Strong Scholarship Foundation Inc