LEX MEMORIAL SCHOLARSHIP FUND INC

EIN: 541586038 501(c)(3) Education

FLOYD, VA

Total Revenue
$66,340
Total Expenses
$31,695
Total Assets
$543,733
Net Assets
$543,733
🔒

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
1991
Legal Domicile
VA
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 $45K in total revenue in fiscal year 2018. Expenses of $49K exceeded revenue, resulting in a 11% operating deficit.

Mission

GRANT COLLEGE SCHOLARSHIPS

🔒

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 $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
🔒

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
5
Independent Members
5
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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
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
Explore More Nonprofits
→Top 100 Nonprofits in Virginia →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare LEX MEMORIAL SCHOLARSHIP FUND INC with other nonprofits in Virginia and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.