NATIONAL HONOR SOCIETY SCHOLARSHIP… - Form 990 Financial Data

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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

2015

Legal Domicile

Principal Officer

WAYNE FIRESTONE

Phone

7038600200

Tax Period

2019-01-01 to 2019-11-13

NATIONAL HONOR SOCIETY SCHOLARSHIP FUND, founded in 2015, is a small nonprofit that reported $500K in total revenue in fiscal year 2019. Revenue surged 6770% from the prior year, signaling strong growth momentum.

Mission

TO SUPPORT AND GROW THE RESPECTED NATIONAL HONOR SOCIETY SCHOLARSHIP PROGRAM THROUGH SIGNIFICANT POST-SECONDARY SCHOLARSHIP FUNDING FOR THE BEST AND BRIGHTEST STUDENTS IN OUR SCHOOLS TODAY.

Program Service Accomplishments

Program 1

Expenses: $388,877

CONTRIBUTION TO NATIONAL ASSOCIATION OF SECONDARY SCHOOL PRINCIPALS TO CONTINUE SCHOLARSHIP AND EDUCATIONAL ACTIVITIES AS PART OF DISSOLUTION

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $-1,005

Other Revenue $501,000

TOTAL REVENUE $499,995

Expense Breakdown

Grants Paid $388,877

Salaries & Benefits $117,737

Fundraising Expenses $0

Program Expenses $388,877

Other Expenses $14,200

TOTAL EXPENSES $520,814

Year-over-Year Comparison

	2019	2018	Change
Revenue	$499,995	$7,278	+67.7%
Expenses	$520,814	$740,718	-0.3%
Net Income	$-20,819	$-733,440	-1.0%

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

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

$106,073

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOANN BARTOLETTI	PRESIDENT	2.00	Officer Director	$0	$0	$0
DENNIS B SADLER JR	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
CHRISTINE KELLEHER	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN LEFTWICH	DIRECTOR	1.00	Director	$0	$0	$0
KAREN SHOOS	DIRECTOR	1.00	Director	$0	$0	$0
WAYNE FIRESTONE	CEO	37.50	Officer	$100,643	$5,430	$106,073

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
2019	$499,995	$520,814	No data	$-20,819
2018	$7,278	$740,718	$585,475	$-733,440

NATIONAL HONOR SOCIETY SCHOLARSHIP FUND