Community Scholarship Fund of Glen… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1957

Legal Domicile

Principal Officer

Amy Franklin

Phone

5166710427

Tax Period

2025-01-01 to 2025-12-31

Community Scholarship Fund of Glen Cove Inc, founded in 1957, is a small nonprofit in the Education sector that reported $110K in total revenue in fiscal year 2025. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $30K, a strong 27% operating margin.

Mission

None

Program Service Accomplishments

Program 1

The Community Scholarship Fund awarded $65,700.00 in scholarships in 2025 to graduates of Glen Cove High School to assist them with their first year college expenses.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $65,481

Program Service Revenue $0

Investment Income $44,777

Other Revenue $0

TOTAL REVENUE $110,258

Expense Breakdown

Grants Paid $65,700

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $80,075

Other Expenses $14,375

TOTAL EXPENSES $80,075

Year-over-Year Comparison

	2025	2024	Change
Revenue	$110,258	$142,087	-0.2%
Expenses	$80,075	$81,719	0.0%
Net Income	$30,183	$60,368	-0.5%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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
Eve Lupenko	Director	1.00	Director	$0	$0	$0
Marion Voegtlen	Director	1.00	Director	$0	$0	$0
Francine Santoro	Director	1.00	Director	$0	$0	$0
Michael Israel	Director	1.00	Director	$0	$0	$0
Jack Mancusi	Director	1.00	Director	$0	$0	$0
Spiro Tsirkas	Director	1.00	Director	$0	$0	$0
Charlotte Lowy	President	3.00	Officer	$0	$0	$0
Linda Perlman	Vice - President	3.00	Officer	$0	$0	$0
Amy Franklin	Treasurer	3.00	Officer	$0	$0	$0
Susanne Anderson	Secretary	3.00	Officer	$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
2025	$110,258	$80,075	$1,853,882	$30,183
2024	$142,087	$81,719	$1,939,145	$60,368
2023	$97,807	$75,242	$1,594,988	$22,565
2022	$60,359	$82,542	$1,429,891	$-22,183
2021	$154,804	$62,121	$1,609,941	$92,683
2020	$150,046	$48,209	$1,517,258	$101,837
2019	$181,049	$66,247	$1,415,421	$114,802
2018	$16,498	$68,487	$1,300,619	$-51,989

Community Scholarship Fund of Glen Cove Inc