THOMAS MORE SCHOLARSHIP FUND INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1986

Legal Domicile

Principal Officer

Louis Mercorella

Phone

6673033288

Tax Period

2024-08-01 to 2025-07-31

THOMAS MORE SCHOLARSHIP FUND INC, founded in 1986, is a small nonprofit that reported $223K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Net assets of $1.9M represent 100 months of operating reserves.

Mission

The organization provides tuition assistance for underprivileged children who could not otherwise attend Catholic schools and develops innovative programs to reach children at educational risk.

Program Service Accomplishments

Program 1

Expenses: $81,600 Revenue: $0

Provided grant payments to 10 Catholic schools for tuition benefitting 17 children.

Program 2

Expenses: $3,500 Revenue: $0

Made grants to support Fine Arts programs at Catholic educational institutions.

Program 3

Expenses: $126,000 Revenue: $0

Made grants to support Jewish Studies teacher positions at Catholic schools.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $73,630

Program Service Revenue $0

Investment Income $149,681

Other Revenue $0

TOTAL REVENUE $223,311

Expense Breakdown

Grants Paid $211,100

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $211,100

Other Expenses $9,982

TOTAL EXPENSES $221,082

Year-over-Year Comparison

	2024	2023	Change
Revenue	$223,311	$204,578	+0.1%
Expenses	$221,082	$289,151	-0.2%
Net Income	$2,229	$-84,573	-1.0%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Louis Mercorella	President	20	Officer Director	$0	$0	$0
Willa Bickham	Vice President	1	Officer Director	$0	$0	$0
Andrew Tomlinson	Secretary/Treasurer	10	Officer Director	$0	$0	$0
Courtney Petersen	Board Member	1	Director	$0	$0	$0
Patricia Rogucki	Board Member	1	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	$223,311	$221,082	$1,862,972	$2,229
2024	$204,578	$289,151	$1,854,400	$-84,573
2023	$111,130	$73,077	$1,831,038	$38,053
2022	$165,084	$96,948	$1,784,870	$68,136
2021	$137,349	$120,255	$2,011,030	$17,094
2020	$94,281	$72,164	$1,549,970	$22,117