AIR TRAFFIC CONTROL SCHOLARSHIP FUND (EIN 521345239) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

Principal Officer

CAREY J FAGAN

Phone

7032992430

Tax Period

2024-07-01 to 2025-06-30

AIR TRAFFIC CONTROL ASSOCIATION SCHOLARSHIP FUND INC, founded in 1984, is a small nonprofit in the Education sector that reported $107K in total revenue in fiscal year 2017. Revenue surged 1649% from the prior year, signaling strong growth momentum. The organization ran a surplus of $32K, a strong 30% operating margin.

Mission

THE SCHOLARSHIP FUND IS A NON-PROFIT CORPORATION ORGANIZED FOR THE PURPOSE OF AWARDING SCHOLARSHIPS TO AIR TRAFFIC CONTROL AND AVIATION SCIENCE STUDENTS TO HELP SUBSIDIZE THE INCREASING COST OF HIGHER EDUCATION.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $28,168

Program Service Revenue $0

Investment Income $-16,125

Other Revenue $0

TOTAL REVENUE $12,043

Expense Breakdown

Grants Paid $60,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $60,000

Other Expenses $0

TOTAL EXPENSES $60,000

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,043	$82,848	-0.9%
Expenses	$60,000	$75,986	-0.2%
Net Income	$-47,957	$6,862	-8.0%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

$288,542

Total Directors

$288,542

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAREY FAGAN	PRESIDENT & CEO	1.00	Officer Director	$0	$0	$288,542
PAUL FELDMAN	CHAIRMANPERSON (BEG. 10/16/2024)	1.00	Director	$0	$0	$0
CARL BURLESON	DIRECTOR	1.00	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
2025	$12,043	$60,000	$266,349	$-47,957
2024	$82,848	$75,986	$282,640	$6,862
2023	$-157,009	$75,000	$324,609	$-232,009
2022	$103,485	$48,000	$372,155	$55,485
2021	$61,332	$69,000	$451,686	$-7,668
2020	$75,491	$95,025	$389,254	$-19,534
2019	$119,509	$108,528	$432,695	$10,981
2018	$107,476	$75,350	$418,066	$32,126

AIR TRAFFIC CONTROL SCHOLARSHIP FUND