DAVID D ALSTON SCHOLARSHIP FUND

EIN: 541160614

NORFOLK, VA

Total Revenue
$59,961
Total Expenses
$97,370
Total Assets
$1,059,835
Net Assets
$1,052,435
🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
VA
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 $73K in total revenue in fiscal year 2017. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $129K exceeded revenue, resulting in a 78% operating deficit.

Mission

TO PROVIDE SCHOLARSHIPS TO ELIGIBLE INDIVIDUALS.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
14

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
1
$203,974
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
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
Explore More Nonprofits
Top 100 Nonprofits in Virginia Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare DAVID D ALSTON SCHOLARSHIP FUND with other nonprofits in Virginia and across the country.