WELKER EDUCATIONAL SCHOLARSHIP FUND

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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

1968

Legal Domicile

Principal Officer

FIRST INTERSTATE BANK

Phone

8887914075

Tax Period

2023-01-01 to 2023-12-31

WELKER EDUCATIONAL SCHOLARSHIP FUND, founded in 1968, is a micro nonprofit in the Education sector that reported $97K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $38K, a strong 39% operating margin.

Mission

TO PROVIDE FUNDS TO ST. VRAIN VALLEY SCHOOL DISTRICT RE-1J FOR COLLEGE SCHOLARSHIPS AND LOANS

Program Service Accomplishments

Program 1

Expenses: $36,281

ALL NET INCOME OF THE WELKER EDUCATIONAL SCHOLARSHIP AND LOAN FUND IS PAID BY THE TRUSTEE TO THE BOARD OF EDUCATION OF SCHOOL DISTRICT RE-1J, LONGMONT, COLORADO AT LEAST ANNUALLY. THE BOARD OF...

ALL NET INCOME OF THE WELKER EDUCATIONAL SCHOLARSHIP AND LOAN FUND IS PAID BY THE TRUSTEE TO THE BOARD OF EDUCATION OF SCHOOL DISTRICT RE-1J, LONGMONT, COLORADO AT LEAST ANNUALLY. THE BOARD OF EDUCATION IS AUTHORIZED TO DETERMINE THE SCHOLARSHIP RECIPIENTS AND, WITHOUT LIMIT AS TO THE TOTAL NUMBER, MAY OFFER SCHOLARSHIPS OR LOANS, OR BOTH, AT THE BOARD'S DISCRETION, TO BE USED IN NON-SECTARIAN SCHOOLS IN THE STATE OF COLORADO TO GRADUATES OF THE DISTRICT'S HIGH SCHOOLS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $97,282

Other Revenue $0

TOTAL REVENUE $97,282

Expense Breakdown

Grants Paid $36,281

Salaries & Benefits $20,501

Fundraising Expenses $0

Program Expenses $36,281

Other Expenses $2,774

TOTAL EXPENSES $59,556

Year-over-Year Comparison

	2023	2022	Change
Revenue	$97,282	$109,086	-0.1%
Expenses	$59,556	$67,308	-0.1%
Net Income	$37,726	$41,778	-0.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FIRST INTERSTATE BANK	TRUSTEE	2.0		$20,501	$0	$20,501

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$97,282	$59,556	$1,573,645	$37,726
2022	$109,086	$67,308	$1,536,439	$41,778
2021	$167,621	$55,369	$1,494,661	$112,252
2020	$196,499	$48,166	$1,382,409	$148,333
2019	$56,628	$47,609	$1,234,076	$9,019
2018	$81,905	$45,616	$1,225,057	$36,289