HISPANIC SCHOLARSHIP FUND (EIN 521051044) - 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

1975

Legal Domicile

Principal Officer

FIDEL A VARGAS

Phone

3105799216

Tax Period

2024-04-01 to 2025-03-31

HISPANIC SCHOLARSHIP FUND, founded in 1975, is a mid-sized nonprofit in the Education sector that reported $54.5M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $70.1M exceeded revenue, resulting in a 29% operating deficit.

Mission

HSF EMPOWERS STUDENTS AND PARENTS WITH THE KNOWLEDGE AND RESOURCES TO SUCCESSFULLY COMPLETE A HIGHER EDUCATION, WHILE PROVIDING SUPPORT SERVICES AND SCHOLARSHIPS TO AS MANY EXCEPTIONAL STUDENTS, HSF SCHOLARS AND ALUMNI AS POSSIBLE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $50,805,744

Program Service Revenue $0

Investment Income $3,706,144

Other Revenue $7,148

TOTAL REVENUE $54,519,036

Expense Breakdown

Grants Paid $32,453,331

Salaries & Benefits $13,085,253

Fundraising Expenses $729,838

Program Expenses $65,321,171

Other Expenses $24,527,125

TOTAL EXPENSES $70,065,709

Year-over-Year Comparison

	2024	2023	Change
Revenue	$54,519,036	$45,537,768	+0.2%
Expenses	$70,065,709	$59,393,948	+0.2%
Net Income	$-15,546,673	$-13,856,180	+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

Employees

Volunteers

1400

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

$1,180,791

Total Directors

$720,929

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FIDEL A VARGAS	PRESIDENT & CHIEF EXECUTIVE	40.00	Officer Director	$700,161	$20,768	$720,929
GENE CAMARENA	CHAIR, AUDIT/BOARD MEMBER	1.00	Officer Director	$0	$0	$0
ELIZABETH OLIVER-FARROW	VICE CHAIR/CHAIR HUMAN RESOURCE	1.00	Officer Director	$0	$0	$0
MARIA ELENA SALINAS	SECRETARY/BOARD MEMBER	1.00	Officer Director	$0	$0	$0
STEPHANIE BELL-ROSE	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL J BENDER	CHAIR FINANCE & INVESTMENT/TREASURER	1.00	Officer Director	$0	$0	$0
ANDRES ESPINOSA	CHAIR TECHNOLOGY COMMITTEE/BOARD MEMBER	1.00	Director	$0	$0	$0
RITA FIERRO	CHAIR MARKETING COMMITTEE/BOARD MEMBER	1.00	Director	$0	$0	$0
PHILLIP HYUN	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES MCNAMARA	CHAIR, NOMINATIONS & GOVERNANCE	1.00	Director	$0	$0	$0
BEA PEREZ	CHAIR DEVELOPMENT COMMITTEE/BOARD MEMBER	1.00	Director	$0	$0	$0
PEGGY TURNER	BOARD MEMBER	1.00	Director	$0	$0	$0
PATTY JUAREZ	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIE HITE	CHIEF OPERATING OFFICER	40.00	Officer	$405,763	$54,099	$459,862
KINGSHUK CHATTERJEE	CHIEF ARCHITECT & EVP, ENGINEERING	40.00	Highest	$393,041	$38,894	$431,935
TAMMY SCHLEGEL	CHIEF TECHNOLOGY OFFICER	40.00	Highest	$288,919	$16,955	$305,874
SHANY ATIYA	CHIEF ALUMNI & LEADERS PROGRAMS OFFICER	40.00	Highest	$241,644	$55,999	$297,643
VICTORIA HARDY	CHIEF FINANCIAL OFFICER	40.00	Highest	$246,659	$46,360	$293,019
RUTH CASTILLO	CHIEF CAREER SERVICES OFFICER	40.00	Highest	$246,464	$38,336	$284,800
DANIEL EDEZA	CHIEF SCHOLARSHIP PROGRAMS OFFICER	40.00	Highest	$249,572	$21,416	$270,988

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	$54,519,036	$70,065,709	$122,551,867	$-15,546,673
2024	$45,537,768	$59,393,948	$135,870,257	$-13,856,180
2023	$40,093,684	$48,338,730	$148,596,443	$-8,245,046
2022	$60,036,131	$47,365,483	$152,619,685	$12,670,648
2021	$86,613,000	$36,529,664	$141,362,053	$50,083,336
2020	$55,255,602	$45,110,520	$81,275,444	$10,145,082
2019	$76,590,119	$46,501,776	$76,353,087	$30,088,343

HISPANIC SCHOLARSHIP FUND