THE MARION I AND HENRY J KNOTT SCHOLARSHIP FUND INC

EIN: 521097109 501(c)(3)

COLUMBIA, MD

Total Revenue
$4,345,592
Total Expenses
$3,733,106
Total Assets
$83,251,348
Net Assets
$83,251,348
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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
1986
Legal Domicile
MD
Principal Officer
MARTIN KNOTT
Phone
4433257884
Tax Period
2024-01-01 to 2024-12-31

THE MARION I AND HENRY J KNOTT SCHOLARSHIP FUND INC, founded in 1986, is a community nonprofit that reported $4.3M in total revenue in fiscal year 2024. Revenue surged 126% from the prior year, signaling strong growth momentum. Expenses of $3.7M left a modest 14% surplus.

Mission

THE FUND'S MISSION IS TO SUPPORT CERTAIN TAX EXEMPT INSTITUTIONS IN THE STATE OF MARYLAND.

Program Service Accomplishments

Program 1
Expenses: $2,578,464

THE FUND PROVIDES GRANTS TO TAX EXEMPT EDUCATIONAL AND MEDICAL ORGANIZATIONS IN THE STATE OF MARYLAND, INCLUDING THREE AREA HOSPITALS, THREE UNIVERSITIES, AND MULTIPLE SECONDARY 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $4,345,592
Other Revenue $0
TOTAL REVENUE $4,345,592

Expense Breakdown

Grants Paid $2,578,464
Salaries & Benefits $152,882
Fundraising Expenses $0
Program Expenses $2,578,464
Other Expenses $1,001,760
TOTAL EXPENSES $3,733,106

Year-over-Year Comparison

2024 2023 Change
Revenue $4,345,592 $1,924,546 +1.3%
Expenses $3,733,106 $3,494,363 +0.1%
Net Income $612,486 $-1,569,817 -1.4%
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
5
Independent Members
2
Employees
4
Volunteers
5

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
3
$259,312
Total Directors
7
$1,800,294
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERRENCE SAWYER Trustee 1.00
Director
$0 $46,648 $655,890
Dr Marylou Yam Trustee 1.00
Director
$0 $10,171 $396,461
John Coppola - until 924 Treasurer 5.00
Officer Director
$0 $15,556 $259,312
Jack Chielli - until 924 Trustee 1.00
Director
$0 $20,687 $248,083
Gerald Joyce Trustee 1.00
Director
$0 $11,163 $240,548
MARTIN KNOTT President 1.00
Officer Director
$0 $0 $0
Owen Knott Treasurer 5.00
Officer Director
$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 $4,345,592 $3,733,106 $83,251,348 $612,486
2023 $1,924,546 $3,494,363 $77,708,503 $-1,569,817
2022 $3,148,060 $3,033,004 $72,478,818 $115,056
2021 $5,228,746 $3,796,318 $84,958,204 $1,432,428
2020 $987,564 $2,232,109 $75,889,811 $-1,244,545
2019 $1,631,628 $2,435,191 $69,778,717 $-803,563
2018 $1,728,764 $3,689,172 $61,314,375 $-1,960,408
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