FLORENCE BERNARD - ALTA MILLER SCH… - Form 990 Financial Data

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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

1990

Legal Domicile

Principal Officer

ROBERT REAP

Phone

3017319101

Tax Period

2024-01-01 to 2024-12-31

FLORENCE BERNARD - ALTA MILLER SCHOLARSHIP TRUST FUND, founded in 1990, is a small nonprofit in the Education sector that reported $368K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $129K, a strong 35% operating margin.

Mission

TO PROVIDE CHILDREN AND MEMBERS OF THE INTERNATIONAL ASSOCIATION OF HEAT AND FROST INSULATORS AND ALLIED WORKERS WITH SCHOLARSHIP ASSISTANCE.

Program Service Accomplishments

Program 1

Expenses: $215,875 Revenue: $1,373

TO PROVIDE CHILDREN AND MEMBERS OF THE INTERNATIONAL ASSOCIATION OF HEAT AND FROST INSULATORS AND ALLIED WORKERS WITH SCHOLARSHIP ASSISTANCE.

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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 $319,687

Program Service Revenue $0

Investment Income $47,058

Other Revenue $1,373

TOTAL REVENUE $368,118

Expense Breakdown

Grants Paid $117,231

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $215,875

Other Expenses $121,744

TOTAL EXPENSES $238,975

Year-over-Year Comparison

	2024	2023	Change
Revenue	$368,118	$338,239	+0.1%
Expenses	$238,975	$149,694	+0.6%
Net Income	$129,143	$188,545	-0.3%

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

N/A

Employees

N/A

Volunteers

N/A

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

$895,956

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT REAP	TRUSTEE	2.00	Director	$0	$24,160	$399,364
TERRENCE LARKIN	TRUSTEE	2.00	Director	$0	$54,899	$496,592

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	$368,118	$238,975	$2,812,716	$129,143
2023	$338,239	$149,694	$2,323,752	$188,545
2022	$345,521	$119,955	$2,058,012	$225,566
2021	$326,242	$142,684	$1,959,579	$183,558
2020	$312,827	$119,962	$1,721,982	$192,865
2019	$176,564	$191,585	$1,240,527	$-15,021
2018	$182,492	$178,456	$1,308,964	$4,036

FLORENCE BERNARD - ALTA MILLER SCHOLARSHIP TRUST FUND