LEX MEMORIAL SCHOLARSHIP FUND INC

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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

1991

Legal Domicile

Principal Officer

DALE PROFITT

Tax Period

2023-01-01 to 2023-12-31

LEX MEMORIAL SCHOLARSHIP FUND INC, founded in 1991, is a micro nonprofit in the Education sector that reported $66K in total revenue in fiscal year 2023. The organization ran a surplus of $35K, a strong 52% operating margin.

Mission

GRANT COLLEGE SCHOLARSHIPS

Program Service Accomplishments

Program 1

Expenses: $31,695

SCHOLARSHIPS - MONEY SENT TO COLLEGES FOR THE BENEFIT OF STUDENTS

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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 $44,002

Program Service Revenue $0

Investment Income $22,338

Other Revenue $0

TOTAL REVENUE $66,340

Expense Breakdown

Grants Paid $31,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $31,695

Other Expenses $695

TOTAL EXPENSES $31,695

Year-over-Year Comparison

	2023	2022	Change
Revenue	$66,340	N/A	N/A
Expenses	$31,695	N/A	N/A
Net Income	$34,645	N/A	N/A

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
MARGARET HUBBARD	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER NOLEN	DIRECTOR	1.00	Director	$0	$0	$0
JUDY BRITT	DIRECTOR	1.00	Director	$0	$0	$0
DALE PROFITT	PRESIDENT	1.00	Officer	$0	$0	$0
GINO WILLIAMS	SECRETARY	1.00	Officer	$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
2023	$66,340	$31,695	$543,733	$34,645
2022	$44,300	$31,553	$527,352	$12,747
2021	$27,897	$22,285	$585,738	$5,612
2020	$5,109	$27,148	$504,174	$-22,039
2019	$40,556	$33,356	$518,578	$7,200
2018	$44,698	$49,412	$454,303	$-4,714