CHARLES DREW MEMORIAL SCHOLARSHIP FUND INC (EIN 522084014) - Form 990 Financial Analysis & Trantor Score

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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

1985

Legal Domicile

Principal Officer

Brett Blake

Phone

2405358701

Tax Period

2023-01-01 to 2023-12-31

CHARLES DREW MEMORIAL SCHOLARSHIP FUND INC, founded in 1985, is a micro nonprofit in the Education sector that reported $70K in total revenue in fiscal year 2023. Revenue surged 50% from the prior year, signaling strong growth momentum. Net assets of $240K represent 41 months of operating reserves.

Mission

Provides scholarship opportunities for deserving students , we offer a broad range of outreach and educational programs to help students and their families navigate through the rigors of college life. Our award winning Project Enrich program recruits, interviews, and mentors qualified African-American students from the 9th through the 12th grades.

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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 (2023)

Revenue Breakdown

Contributions & Grants $70,491

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $70,491

Expense Breakdown

Grants Paid $53,232

Salaries & Benefits $0

Fundraising Expenses $1,500

Program Expenses $53,232

Other Expenses $17,450

TOTAL EXPENSES $72,182

Year-over-Year Comparison

	2023	2022	Change
Revenue	$70,491	$46,923	+0.5%
Expenses	$72,182	$80,452	-0.1%
Net Income	$-1,691	$-33,529	-0.9%

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

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
Brett Blake	Chairman	20	Officer	$0	$0	$0
Willie Hines	Vice Chairman	20	Officer	$0	$0	$0
James Riley	Treasurer	20	Officer	$0	$0	$0
Brian Long	Secretary	20	Officer	$0	$0	$0
George Montgomery	Director	20	Officer	$0	$0	$0
Kevin Greenwood	Director	20	Officer	$0	$0	$0
Roderick Lawrence	Director	20	Officer	$0	$0	$0
Roland Jones	Director	20	Officer	$0	$0	$0
Ruddy Gainer	Director	20	Officer	$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
2023	$70,491	$72,182	$240,023	$-1,691
2022	$59,277	$81,329	$238,070	$-22,052

CHARLES DREW MEMORIAL SCHOLARSHIP FUND INC