COLLEEN & ERIN MARLATT SCHOLARSHIP FUND INC (EIN 522358993) - 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

2001

Legal Domicile

Principal Officer

Scott Lancaster

Phone

4107964437

Tax Period

2024-01-01 to 2024-12-31

COLLEEN & ERIN MARLATT SCHOLARSHIP FUND INC, founded in 2001, is a micro nonprofit in the Education sector that reported $21K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 5989% operating deficit.

Mission

The Colleen and Erin Marlatt Scholarship is intended to recognize the significant sacrifices made by teachers and administrators who have accepted God's call to ministry to Catholic Education by providing financial support in the form of partial academic scholarships.

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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 $20,574

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $20,574

Expense Breakdown

Grants Paid $1,250,253

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,251,751

Other Expenses $2,524

TOTAL EXPENSES $1,252,777

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,574	$30,638	-0.3%
Expenses	$1,252,777	$17,528	+70.5%
Net Income	$-1,232,203	$13,110	-95.0%

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

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
Thomas Q Marlatt	Director	0	Director	$0	$0	$0
Marianne M Faulstich	Director	0	Director	$0	$0	$0
Louis P Ruzzi Esq	Director	0	Director	$0	$0	$0
Mi Ji Kim	Director	0	Director	$0	$0	$0
Anthony E Kidwell	Director	0.3	Director	$0	$0	$0
Oren D Saltzman Esq	Director	0	Director	$0	$0	$0
Maggie Schorr	Director	1.2	Director	$0	$0	$0
Michael P Marlatt	Director	0.8	Director	$0	$0	$0
Fran Murray	Director	0	Director	$0	$0	$0
Mildred D Todd	Director	0	Director	$0	$0	$0
Joseph Bieberich	Director	0.3	Director	$0	$0	$0
Edward W Hobbs	Director	0	Director	$0	$0	$0
Charles J Bieberich PhD	Secretary	0	Director	$0	$0	$0
Scott Lancaster	Treasurer	0.25	Officer	$0	$0	$0
Patricia A Marlatt	President	1	Officer	$0	$0	$0
F Pat Marlatt	Vice President	1.5	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
2024	$20,574	$1,252,777	$363	$-1,232,203
2023	$30,638	$17,528	$1,140,830	$13,110
2022	$35,118	$22,933	$1,016,065	$12,185
2021	$127,518	$33,308	$1,163,611	$94,210
2020	$169,830	$29,848	$1,069,401	$139,982

COLLEEN & ERIN MARLATT SCHOLARSHIP FUND INC