FA ECU PITT CO SCHOLARSHIP FOUNDATION

EIN: 566048120 501(c)(3)

GREENVILLE, NC

Total Revenue
$64,917
Total Expenses
$665,287
Total Assets
N/A
Net Assets
N/A
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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
1953
Legal Domicile
NC
Principal Officer
STEPHANIE COLEMAN
Phone
2527371136
Tax Period
2022-01-01 to 2022-12-31

FA ECU PITT CO SCHOLARSHIP FOUNDATION, founded in 1953, is a micro nonprofit that reported $65K in total revenue in fiscal year 2022. Revenue surged 77% from the prior year, signaling strong growth momentum. Expenses of $665K exceeded revenue, resulting in a 925% operating deficit.

Mission

MUTUAL IMPROVEMENT IN TEACHING, TO FOSTER PROFESSIONAL ZEAL AND TO (CONTINUED ON SCHEDULE O)(CONTINUED FROM PAGE 1) PROMOTE THE GENERAL EDUCATIONAL INTERESTS OF THE STATE AND THE INTEREST OF ALL PERSONS ENGAGED IN EDUCATIONAL WORK.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $64,917
Other Revenue $0
TOTAL REVENUE $64,917

Expense Breakdown

Grants Paid $659,562
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $659,562
Other Expenses $5,725
TOTAL EXPENSES $665,287

Year-over-Year Comparison

2022 2021 Change
Revenue $64,917 $36,744 +0.8%
Expenses $665,287 $13,611 +47.9%
Net Income $-600,370 $23,133 -27.0%
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

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Governance

Voting Members
1
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
0
$0
Total Directors
1
$370,827
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHANIE COLEMAN VC, ADMIN & FINANCE 1.00
Director
$0 $84,495 $370,827
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
2022 $64,917 $665,287 No data $-600,370
2021 $36,744 $13,611 $600,370 $23,133
2020 $23,776 $15,305 $577,237 $8,471
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