THE CENTRAL SCHOLARSHIP BUREAU INC (EIN 526012589) - 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

1924

Legal Domicile

Principal Officer

TIERRA DORSEY

Phone

4104155558

Tax Period

2023-07-01 to 2024-06-30

THE CENTRAL SCHOLARSHIP BUREAU INC, founded in 1924, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $1.9M exceeded revenue, resulting in a 20% operating deficit.

Mission

TO HELP MARYLANDERS FULFILL THEIR DREAMS OF PURSUING HIGHER EDUCATIONBY MAKING HIGHER EDUCATION MORE AFFORDABLE.

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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 $1,231,779

Program Service Revenue $10,000

Investment Income $363,936

Other Revenue $8,237

TOTAL REVENUE $1,613,952

Expense Breakdown

Grants Paid $743,758

Salaries & Benefits $591,497

Fundraising Expenses $268,755

Program Expenses $1,480,538

Other Expenses $609,471

TOTAL EXPENSES $1,944,726

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,613,952	$2,276,776	-0.3%
Expenses	$1,944,726	$1,896,034	+0.0%
Net Income	$-330,774	$380,742	-1.9%

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

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

$165,100

Total Directors

$165,100

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERRY FOCAS	PAST BOARD CHAIR	1.00	Director	$0	$0	$0
RUSS CAUSEY	PAST BOARD CHAIR	1.00	Director	$0	$0	$0
DAVID ROTHSCHILD	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
TIM REDMOND	TREASURER	2.00	Officer Director	$0	$0	$0
MOLLY SHOCK	VICE CHAIR	2.00	Officer Director	$0	$0	$0
MICHAEL WARD	PAST BOARD CHAIR	1.00	Director	$0	$0	$0
JEAN WYMAN	SECRETARY UNTIL SEP 2023	2.00	Officer Director	$0	$0	$0
LIZ BLOCK	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN SILBERMAN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL DAVENPORT	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE ROSENBERG	DIRECTOR	1.00	Director	$0	$0	$0
DAVID FISHMAN	DIRECTOR	1.00	Director	$0	$0	$0
ARNOLD FRUMAN	DIRECTOR UNTIL SEP 2023	1.00	Director	$0	$0	$0
TIERRA A DORSEY	PRESIDENT	40.00	Officer Director	$154,333	$10,767	$165,100
DAVID DANEMAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LEAH DAVIDGE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID LEVY	DIRECTOR	1.00	Director	$0	$0	$0
KASHAY WEBB	SECRETARY AS OF OCT 2023	1.00	Officer Director	$0	$0	$0
JAMES COLE ABRAMS	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA SUGARMAN GROCHAL	DIRECTOR	1.00	Director	$0	$0	$0
MYRA NORTON	DIRECTOR	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
2025	No data	No data	No data	No data
2024	$1,613,952	$1,944,726	$13,118,784	$-330,774
2023	$2,276,776	$1,896,034	$12,870,890	$380,742
2022	$1,811,840	$1,770,406	$11,833,358	$41,434
2022	$1,811,840	$1,772,678	$11,833,358	$39,162
2021	$1,887,569	$1,745,761	$13,449,299	$141,808
2020	$1,318,439	$1,964,085	$12,404,066	$-645,646
2019	$1,879,066	$2,206,956	$12,838,016	$-327,890
2018	$3,053,653	$2,071,210	$12,875,990	$982,443

THE CENTRAL SCHOLARSHIP BUREAU INC