LAUREL ALUMNI SCHOLARSHIP FOUNDATION INC

EIN: 510413085 501(c)(3) Education

LAUREL, DE

Total Revenue
$97,062
Total Expenses
$51,875
Total Assets
$609,211
Net Assets
$609,211
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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

Legal Domicile
DE
Principal Officer
KELLY L WHALEY
Phone
3028752472
Tax Period
2023-07-01 to 2024-06-30

LAUREL ALUMNI SCHOLARSHIP FOUNDATION INC is a micro nonprofit in the Education sector that reported $97K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. The organization ran a surplus of $45K, a strong 47% operating margin.

Mission

PROVIDE COLLEGE SCHOLARSHIPS TO DESERVING HIGH SCHOOL KIDS

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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 (2023)

Revenue Breakdown

Contributions & Grants $28,445
Program Service Revenue $0
Investment Income $62,164
Other Revenue $6,453
TOTAL REVENUE $97,062

Expense Breakdown

Grants Paid $35,503
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $35,503
Other Expenses $16,372
TOTAL EXPENSES $51,875

Year-over-Year Comparison

2023 2022 Change
Revenue $97,062 $102,294 -0.1%
Expenses $51,875 $58,069 -0.1%
Net Income $45,187 $44,225 +0.0%
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

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Governance

Voting Members
20
Independent Members
20
Employees
N/A
Volunteers
20

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
7
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KELLY L WHALEY PRESIDENT N/A
Officer
$0 $0 $0
RANDY HILL 1ST VICE-PRE N/A
Officer
$0 $0 $0
GARY OWENS REC SECRETAR N/A
Officer
$0 $0 $0
JANET MORGAN COR SECRETAR N/A
Officer
$0 $0 $0
ELLEN HEARN TREASURER-GE N/A
Officer
$0 $0 $0
E STEPHEN CALLAWAY TREASURER-SC N/A
Officer
$0 $0 $0
EDNA MILLMAN HISTORIAN N/A
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
2024 $97,062 $51,875 $609,211 $45,187
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