DAVID D ALSTON SCHOLARSHIP FUND

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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

1981

Legal Domicile

Principal Officer

STEVE GREENE

Phone

7574577090

Tax Period

2023-10-01 to 2024-09-30

DAVID D ALSTON SCHOLARSHIP FUND, founded in 1981, is a micro nonprofit that reported $60K in total revenue in fiscal year 2023. Revenue fell 81% from the prior year — a significant decline worth monitoring. Expenses of $97K exceeded revenue, resulting in a 62% operating deficit.

Mission

THE FUND IS HEREBY CREATED FOR THE PURPOSE OF ASSISTING DEPENDENTS OF EMPLOYEES OF THE LONGSHORE INDUSTRY TO OBTAIN COLLEGE OR GRADUATE LEVEL EDUCATION.

Program Service Accomplishments

Program 1

PROVIDED SCHOLARSHIPS TO ELIGIBLE DEPENDENTS OF MEMBERS.

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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 $1,000

Program Service Revenue $0

Investment Income $58,961

Other Revenue $0

TOTAL REVENUE $59,961

Expense Breakdown

Grants Paid $71,464

Salaries & Benefits $5,616

Fundraising Expenses $0

Other Expenses $20,290

TOTAL EXPENSES $97,370

Year-over-Year Comparison

	2023	2022	Change
Revenue	$59,961	$322,352	-0.8%
Expenses	$97,370	$93,613	+0.0%
Net Income	$-37,409	$228,739	-1.2%

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

$203,974

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROGER GIESINGER	TRUSTEE	0.50	Director	$0	$0	$0
JEREMY BRIDGES	TRUSTEE	0.50	Director	$0	$0	$0
PETER COOKE	TRUSTEE	0.50	Director	$0	$0	$0
JIM FORD	TRUSTEE	0.50	Director	$0	$0	$0
JAMES MICHALSKI	TRUSTEE	0.50	Director	$0	$0	$0
ERIN MALEY	TRUSTEE	0.50	Director	$0	$0	$0
KYLE BASSHAM	TRUSTEE	0.50	Director	$0	$0	$0
THOMAS LITTLE	TRUSTEE	0.50	Director	$0	$0	$0
LARRY BACHTELL	TRUSTEE	0.50	Director	$0	$0	$0
MONTA BIVINS	TRUSTEE	0.50	Director	$0	$0	$0
JONATHAN COLEY	TRUSTEE	0.50	Director	$0	$0	$0
MICHAEL HEATH	TRUSTEE	0.50	Director	$0	$0	$0
CHRISTOPHER FAULK	TRUSTEE	0.50	Director	$0	$0	$0
KEVIN HALSTEAD	TRUSTEE	0.50	Director	$0	$0	$0
STEVE GREENE	ADMINISTRATOR	3.00	Officer	$608	$30,360	$203,974

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	$59,961	$97,370	$1,059,835	$-37,409
2023	$322,352	$93,613	$977,894	$228,739
2022	$45,196	$79,412	$705,986	$-34,216
2021	$108,241	$93,442	$876,627	$14,799
2020	$33,585	$98,248	$816,545	$-64,663
2019	$69,973	$104,323	$891,442	$-34,350
2018	$72,568	$129,062	$959,702	$-56,494