JOHN SCARLETT MEMORIAL FOUNDATION INC (EIN 562170687) - 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

1999

Legal Domicile

Principal Officer

Michael Dexter-Smith

Phone

5083950224

Tax Period

2024-07-01 to 2025-06-30

JOHN SCARLETT MEMORIAL FOUNDATION INC, founded in 1999, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $395K in total revenue in fiscal year 2024. Revenue surged 716% from the prior year, signaling strong growth momentum. The organization ran a surplus of $67K, a strong 17% operating margin.

Mission

The Foundation is a part of the Rotary family, We are a community IMPACT club helping where-ever we can in the community. This year with Helene relief and the Youth Hub we have embarked on larger projects. The TenTwentySix Youth Hub empowers at-risk youth ages 14-18 in Transylvania County, North Carolina, by providing a safe, supportive environment with access to mentorship, educational assistance, life skills training, and positive activities, with the goal of breaking cycles of disadvantage and creating lasting change in their lives and community. We are all volunteers at this time doing small and large projects in our community.

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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 $384,378

Program Service Revenue $0

Investment Income $10,463

Other Revenue $0

TOTAL REVENUE $394,841

Expense Breakdown

Grants Paid $40,425

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $328,181

Other Expenses $287,756

TOTAL EXPENSES $328,181

Year-over-Year Comparison

	2024	2023	Change
Revenue	$394,841	$48,379	+7.2%
Expenses	$328,181	$47,333	+5.9%
Net Income	$66,660	$1,046	+62.7%

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
Michael Dexter-Smith	Treasurer	20	Officer Director	$0	$0	$0
Peter Mumola	President	5	Officer Director	$0	$0	$0
Richard Zollinger	Secretary	5	Officer Director	$0	$0	$0
Mark Lawrie	Director	1	Director	$0	$0	$0
Jack Davidson Bolick	Director	1	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
2025	$394,841	$328,181	$485,405	$66,660

JOHN SCARLETT MEMORIAL FOUNDATION INC