The Tin Whistles Scholarship Foundation (EIN 560430410) - Form 990 Financial Analysis & Trantor Score

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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

1978

Legal Domicile

Principal Officer

Donald Kinney

Phone

9102956955

Tax Period

2023-01-01 to 2023-12-31

The Tin Whistles Scholarship Foundation, founded in 1978, is a small nonprofit that reported $331K in total revenue in fiscal year 2023. Revenue surged 363% from the prior year, signaling strong growth momentum. The organization ran a surplus of $148K, a strong 45% operating margin.

Mission

Grants scholarships

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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 $189,549

Program Service Revenue $0

Investment Income $141,885

Other Revenue $0

TOTAL REVENUE $331,434

Expense Breakdown

Grants Paid $154,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $167,415

Other Expenses $29,533

TOTAL EXPENSES $183,533

Year-over-Year Comparison

	2023	2022	Change
Revenue	$331,434	$71,612	+3.6%
Expenses	$183,533	$168,256	+0.1%
Net Income	$147,901	$-96,644	-2.5%

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

N/A

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
Mark Boynton	Chairman	5.00	Officer Director	$0	$0	$0
Donald Kinney	Treasurer	5.00	Officer Director	$0	$0	$0
John McClain	Secretary	5.00	Officer Director	$0	$0	$0
Terry Davis	Vice-Chairman	5.00	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	No data	No data	No data	No data
2023	$331,434	$183,533	$1,135,557	$147,901
2022	$71,612	$168,256	$950,656	$-96,644
2021	$287,411	$126,105	$1,021,800	$161,306
2020	$258,843	$102,795	$829,994	$156,048
2019	$171,034	$73,808	$669,947	$97,226

The Tin Whistles Scholarship Foundation