SMITH MOUNTAIN LAKE LIONS CLUB SCH… - Form 990 Financial Data

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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

1990

Legal Domicile

Principal Officer

Rodney Savage

Phone

5408550910

Tax Period

2024-01-01 to 2024-12-31

SMITH MOUNTAIN LAKE LIONS CLUB SCHOLARSHIP TRUST INC, founded in 1990, is a micro nonprofit in the Education sector that reported $60K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $13K, a strong 22% operating margin.

Mission

THE TRUST PROVIDES COLLEGE SCHOLARSHIPS TO NEEDY FRANKLIN COUNTY VA HIGH SCHOOL GRADUATES TO ASSIST THEM IN ATTENDING ACCREDITED VIRGINIA COLLEGES AND UNIVERSITIES.

Program Service Accomplishments

Program 1

Expenses: $34,500 Revenue: $12,450

THE TRUST MADE19 PAYMENTS OF 1500, 2 PAYMENTS OF 3000 FOR A TOTAL SCHOLARSHIP DISTRIBUTION OF 34.500.

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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 $12,450

Program Service Revenue $0

Investment Income $40,688

Other Revenue $6,555

TOTAL REVENUE $59,693

Expense Breakdown

Grants Paid $34,500

Salaries & Benefits $0

Fundraising Expenses $230

Program Expenses $34,500

Other Expenses $11,767

TOTAL EXPENSES $46,267

Year-over-Year Comparison

	2024	2023	Change
Revenue	$59,693	$44,022	+0.4%
Expenses	$46,267	$49,787	-0.1%
Net Income	$13,426	$-5,765	-3.3%

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

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
Beatrice Iceman	Director	2	Director	$0	$0	$0
Daphne Jamison	Director	2	Director	$0	$0	$0
Phil Hager	Director	2	Director	$0	$0	$0
William Ohlerich	Treasurer	4	Officer Director	$0	$0	$0
Kristina Sage	Director	2	Director	$0	$0	$0
Patrick Nix	Director	2	Director	$0	$0	$0
Joseph Brown	Director	2	Director	$0	$0	$0
Rick Carroll	Director	2	Director	$0	$0	$0
Joanna Gruver	Director	2	Director	$0	$0	$0
William Hankins	Director	2	Director	$0	$0	$0
David Huffman	Director	2	Director	$0	$0	$0
David Lohr	Director	2	Director	$0	$0	$0
Patriick Nix	Director	2	Director	$0	$0	$0
Jim Orbison	Director	2	Director	$0	$0	$0
Jean Thompson	Director	2	Director	$0	$0	$0
Thomas Hofelich	Advisor Non voting	1	Director	$0	$0	$0
Jessica Mitchell	Franklin Cty Liaison Non Voting	2	Director	$0	$0	$0
Rodney Savage	President	4	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	$59,693	$46,267	$1,263,432	$13,426
2023	$44,022	$49,787	$1,190,454	$-5,765
2022	$-93,090	$45,985	$1,089,980	$-139,075
2021	$148,963	$48,290	$1,237,427	$100,673
2020	$209,746	$53,411	$1,089,738	$156,335

SMITH MOUNTAIN LAKE LIONS CLUB SCHOLARSHIP TRUST INC