SCHOLARSHIPS FOR SCHOLARS INC

EIN: 521349884 501(c)(3) Education

ANNAPOLIS, MD

Total Revenue
$290,755
Total Expenses
$285,704
Total Assets
$3,155,567
Net Assets
$3,074,985
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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
1984
Legal Domicile
MD
Principal Officer
LAURA NELSON
Phone
4105442341
Tax Period
2024-01-01 to 2024-12-31

SCHOLARSHIPS FOR SCHOLARS INC, founded in 1984, is a small nonprofit in the Education sector that reported $291K in total revenue in fiscal year 2024. Revenue surged 108% from the prior year, signaling strong growth momentum. Net assets of $3.1M represent 127 months of operating reserves.

Mission

A NONPROFIT CORPORATION ESTABLISHED TO REWARD SCHOLASTIC EXCELLENCE IN ANNE ARUNDEL COUNTY BY GRANTING SCHOLARSHIPS TO QUALIFIED GRADUATING HIGH SCHOOL STUDENTS.

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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 $139,192
Program Service Revenue $0
Investment Income $151,563
Other Revenue $0
TOTAL REVENUE $290,755

Expense Breakdown

Grants Paid $176,000
Salaries & Benefits $69,556
Fundraising Expenses $0
Program Expenses $237,603
Other Expenses $40,148
TOTAL EXPENSES $285,704

Year-over-Year Comparison

2024 2023 Change
Revenue $290,755 $140,096 +1.1%
Expenses $285,704 $262,226 +0.1%
Net Income $5,051 $-122,130 -1.0%
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
19
Independent Members
19
Employees
1
Volunteers
19

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
5
$64,392
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Laura Nelson Chairperson 3.00
Officer Director
$0 $0 $0
Dr Alicia Morse Vice Chairperson 1.00
Officer Director
$0 $0 $0
Christopher Nelson Treasurer 1.00
Officer Director
$0 $0 $0
Lynda Behnke Secretary 1.00
Officer Director
$0 $0 $0
Jeanne Shaw Immediate Past Chairperson 0.50
Director
$0 $0 $0
Dan Atkinson Trustee 0.50
Director
$0 $0 $0
Lisa Bishop Trustee 0.50
Director
$0 $0 $0
Cindy Carlton Trustee 0.50
Director
$0 $0 $0
Waleska Casiano Trustee 0.50
Director
$0 $0 $0
Julia Erickson Trustee 0.00
Director
$0 $0 $0
Dr Perinaaz Gandhi Trustee 0.50
Director
$0 $0 $0
Ann Glenn Trustee 0.50
Director
$0 $0 $0
Philip Greenfield Trustee 0.00
Director
$0 $0 $0
Steven Hays Trustee 0.50
Director
$0 $0 $0
Suzanne Owens Trustee 0.50
Director
$0 $0 $0
Dr Fernando Paniagua Trustee 0.50
Director
$0 $0 $0
Dr Silvia Peart Trustee 0.50
Director
$0 $0 $0
Sue Snyder Trustee 0.50
Director
$0 $0 $0
Dr Marsha Taylor Trustee 0.50
Director
$0 $0 $0
Pamela Vandiver Executive Director 30.00
Officer
$64,392 $0 $64,392
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 $290,755 $285,704 $3,155,567 $5,051
2023 $140,096 $262,226 $2,924,975 $-122,130
2022 $120,266 $299,057 $2,715,259 $-178,791
2021 $847,539 $263,612 $3,406,199 $583,927
2020 $1,461,540 $230,330 $3,081,936 $1,231,210
2019 $745,011 $210,648 $1,630,113 $534,363
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