THE SCHOLARSHIP FUND GRAND LODGE AF & AM OF VIRGINIA (EIN 541103127) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1979

Legal Domicile

Principal Officer

JACK K LEWIS

Phone

8042223110

Tax Period

2024-01-01 to 2024-12-31

THE SCHOLARSHIP FUND GRAND LODGE AF & AM OF VIRGINIA, founded in 1979, is a small nonprofit that reported $126K in total revenue in fiscal year 2018. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $51K, a strong 40% operating margin.

Mission

TO AWARD SCHOLARSHIPS TO NEEDY & QUALIFIED STUDENTS FOR TUITION TO INSTITUTIONS OF HIGHER LEARNING

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $29,211

Program Service Revenue $0

Investment Income $82,479

Other Revenue $39,666

TOTAL REVENUE $151,356

Expense Breakdown

Grants Paid $61,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $61,596

Other Expenses $19,402

TOTAL EXPENSES $80,902

Year-over-Year Comparison

	2024	2023	Change
Revenue	$151,356	$184,779	-0.2%
Expenses	$80,902	$83,240	0.0%
Net Income	$70,454	$101,539	-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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LUKE ANDERSON GIANNINI	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM JACK SPENCER	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS VERNON JONES	EX-OFFICIO	1.00	Director	$0	$0	$0
LAMBROS GEORGE DELIGAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOSEPH SETH SPIVEY III	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LINWOOD RAY SPEARS	SECRETARY/TREASURER	1.00	Officer 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	$151,356	$80,902	$2,587,008	$70,454
2023	$184,779	$83,240	$2,342,784	$101,539
2022	$122,983	$85,650	$2,265,122	$37,333
2021	$979,793	$76,154	$2,490,217	$903,639
2020	$90,988	$70,351	$1,846,043	$20,637
2019	$525,065	$72,023	$1,642,682	$453,042
2018	$126,169	$75,163	$1,028,301	$51,006

THE SCHOLARSHIP FUND GRAND LODGE AF & AM OF VIRGINIA