JAMES R HOFFA MEMORIAL SCHOLARSHIP FUND INC (EIN 522206826) - 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

1999

Legal Domicile

Principal Officer

RICHARD BELL

Phone

2026707015

Tax Period

2023-01-01 to 2023-12-31

JAMES R HOFFA MEMORIAL SCHOLARSHIP FUND INC, founded in 1999, is a micro nonprofit in the Education sector that reported $73K in total revenue in fiscal year 2023. Revenue fell 103% from the prior year — a significant decline worth monitoring.

Mission

TO AWARD SCHOLARSHIPS TO DEPENDENTS OF TEAMSTERS UNION ACTIVE AND RETIRED MEMBERS IN ORDER TO ENABLE THE RECIPIENTS TO ATTEND ACCREDITED POST-SECONDARY EDUCATIONAL INSTITUTIONS.

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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 $556,882

Program Service Revenue $0

Investment Income $-630,080

Other Revenue $45

TOTAL REVENUE $-73,153

Expense Breakdown

Grants Paid $953,471

Salaries & Benefits $112,606

Fundraising Expenses $32,340

Program Expenses $1,011,353

Other Expenses $268,903

TOTAL EXPENSES $1,334,980

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-73,153	$2,516,570	-1.0%
Expenses	$1,334,980	$1,547,391	-0.1%
Net Income	$-1,408,133	$969,179	-2.5%

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

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

$24,000

Total Directors

$24,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD BELL	PRESIDENT	3.00	Officer Director	$24,000	$0	$24,000
TOM METZINGER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KAREN ROCHE	TREASURER	1.00	Officer Director	$0	$0	$0
CINDY IMPALA	SECRETARY	1.00	Officer Director	$0	$0	$0
JAMES P HOFFA	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID HOFFA	BOARD MEMBER	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
2024	No data	No data	No data	No data
2023	$-73,153	$1,334,980	$17,174,688	$-1,408,133
2022	$2,516,570	$1,547,391	$16,431,780	$969,179
2021	$1,384,917	$1,454,290	$18,840,750	$-69,373
2020	$2,230,658	$1,464,172	$19,287,613	$766,486
2019	$872,238	$1,507,813	$19,244,567	$-635,575
2018	$663,546	$1,858,671	$17,219,780	$-1,195,125

JAMES R HOFFA MEMORIAL SCHOLARSHIP FUND INC