INNER CITY SCHOLARSHIP FUND INC (EIN 510453629) - 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

1971

Legal Domicile

Principal Officer

JILL LLOYD

Phone

2127538583

Tax Period

2023-09-01 to 2024-08-31

INNER CITY SCHOLARSHIP FUND INC, founded in 1971, is a mid-sized nonprofit that reported $26.5M in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.1M, a strong 19% operating margin.

Mission

PROVIDE CHILDREN WITH A QUALITY, VALUES-BASED K-12 CATHOLIC EDUCATION WITHIN THE ARCHDIOCESE OF NY.

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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 $23,460,779

Program Service Revenue $0

Investment Income $3,779,101

Other Revenue $-725,394

TOTAL REVENUE $26,514,486

Expense Breakdown

Grants Paid $17,357,911

Salaries & Benefits $2,150,942

Fundraising Expenses $2,376,564

Program Expenses $17,845,213

Other Expenses $1,073,505

TOTAL EXPENSES $21,459,132

Year-over-Year Comparison

	2023	2022	Change
Revenue	$26,514,486	$19,320,352	+0.4%
Expenses	$21,459,132	$20,059,238	+0.1%
Net Income	$5,055,354	$-738,886	-7.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARDINAL TIMOTHY DOLAN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
PETER T GRAUER	TRUSTEE/PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN P CAHILL	TREASURER	1.00	Officer Director	$0	$0	$0
SR MARY GRACE WALSH	SECRETARY	1.00	Officer Director	$0	$0	$0
ANTHONY J DE NICOLA	TRUSTEE/VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL P ESPOSITO III	TRUSTEE/VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CATHERINE M KEATING	TRUSTEE/VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
REV JOSEPH P LAMORTE	VICAR GENERAL	1.00	Officer Director	$0	$0	$0
THOMAS S MURPHY JR	TRUSTEE/VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DOUGLAS J BAND	TRUSTEE	1.00	Director	$0	$0	$0
LAWRENCE B BENENSON	TRUSTEE	1.00	Director	$0	$0	$0
MARGARET CROTTY	TRUSTEE	1.00	Director	$0	$0	$0
LEON F DEJULIUS JR	TRUSTEE (BEG 2/21/24)	1.00	Director	$0	$0	$0
SAMUEL A DI PIAZZA JR	TRUSTEE	1.00	Director	$0	$0	$0
ANA L DIEZ DE RIVERA-LAFFONT	TRUSTEE	1.00	Director	$0	$0	$0
JOHN Q DOYLE	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS H GOLDEN	TRUSTEE	1.00	Director	$0	$0	$0
EDWARD D HERLIHY	TRUSTEE	1.00	Director	$0	$0	$0
DONNA KALAJIAN LAGANI	TRUSTEE	1.00	Director	$0	$0	$0
ARTHUR J MAHON	TRUSTEE	1.00	Director	$0	$0	$0
LYNN C MARTIN	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL E MARTIN	TRUSTEE (BEG 2/21/24)	1.00	Director	$0	$0	$0
TIMOTHY C MUCCIA	TRUSTEE	1.00	Director	$0	$0	$0
JAMES M NAUGHTON	TRUSTEE	1.00	Director	$0	$0	$0
PONCHITTA PIERCE	TRUSTEE	1.00	Director	$0	$0	$0
PATRICIA A QUICK	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS C QUICK	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS J REID	TRUSTEE	1.00	Director	$0	$0	$0
MO ROCCA	TRUSTEE	1.00	Director	$0	$0	$0
ARMANDO RODRIGUEZ JR	TRUSTEE	1.00	Director	$0	$0	$0
STEPHEN G ROONEY ESQ	TRUSTEE	1.00	Director	$0	$0	$0
FREDERIC V SALERNO	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTINE H SCHWARZMAN	TRUSTEE	1.00	Director	$0	$0	$0
MELANIE SHUGART	TRUSTEE	1.00	Director	$0	$0	$0
MARTIN J SULLIVAN	TRUSTEE	1.00	Director	$0	$0	$0
WALTER S TOMENSON JR	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT P WEISZ	TRUSTEE (END 4/30/24)	1.00	Director	$0	$0	$0
BISHOP EDMUND J WHALEN	TRUSTEE	1.00	Director	$0	$0	$0
JILL LLOYD	EXECUTIVE DIRECTOR	35.00	Highest	$237,106	$12,149	$249,255
MARY C BROWN	CHIEF OPERATING OFFICER	35.00	Highest	$139,872	$39,120	$178,992
PAUL COSTIGLIO	DIRECTOR OF MARKETING	35.00	Highest	$121,259	$39,120	$160,379
ALBERTO ROBAINA	CHIEF OF STAFF, SPECIAL COUNSEL	35.00	Highest	$148,107	$321	$148,428

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	$26,514,486	$21,459,132	$121,330,635	$5,055,354
2023	$19,320,352	$20,059,238	$107,195,052	$-738,886
2022	$17,490,225	$19,293,513	$102,427,007	$-1,803,288
2021	$24,751,034	$20,081,245	$115,829,957	$4,669,789
2020	$22,415,973	$19,332,203	$97,750,914	$3,083,770
2019	$50,307,521	$17,497,953	$88,680,597	$32,809,568
2018	$19,799,634	$16,719,739	$73,488,479	$3,079,895

INNER CITY SCHOLARSHIP FUND INC