ZACK VAN LANDINGHAM SCHOLARSHIP FUND

EIN: 570779524 501(c)(3) Education

Hilton Head Island, SC

Total Revenue
$26,027
Total Expenses
$32,913
Total Assets
$104,141
Net Assets
$104,141
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
SC
Principal Officer
Kevin Courtney
Phone
8434226435
Tax Period
2021-01-01 to 2021-12-31

ZACK VAN LANDINGHAM SCHOLARSHIP FUND, founded in 1983, is a micro nonprofit in the Education sector that reported $26K in total revenue in fiscal year 2021. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $33K exceeded revenue, resulting in a 26% operating deficit.

Mission

To provide academic scholarships to those deserving students who choose to further their studies in an institution of higher learning, and to contribute to an institution that provides education to children.

Program Service Accomplishments

Program 1
Expenses: $32,913 Revenue: $0

To provide funding to the VanLandingham Rotary Club, a 501(C)(4) organization to be used toward contributions to local deserving charities.

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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 (2021)

Revenue Breakdown

Contributions & Grants $26,027
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $26,027

Expense Breakdown

Grants Paid $31,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $32,913
Other Expenses $1,913
TOTAL EXPENSES $32,913

Year-over-Year Comparison

2021 2020 Change
Revenue $26,027 $37,218 -0.3%
Expenses $32,913 $49,222 -0.3%
Net Income $-6,886 $-12,004 -0.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
13

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
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Sonny Huntley Director 0.5
Director
$0 $0 $0
Brian Newman Director 0.5
Director
$0 $0 $0
Ray Waraco Director 0.5
Director
$0 $0 $0
John Farrenkopf Director 0.5
Director
$0 $0 $0
Brian Goode Director 0.5
Director
$0 $0 $0
Bruce Yeager Director 0.5
Director
$0 $0 $0
Greg Wynn Director 0.5
Director
$0 $0 $0
Kevin Courtney Director 0.5
Director
$0 $0 $0
James Dixon Director 0.5
Director
$0 $0 $0
Steve Stauffer Director 0.5
Director
$0 $0 $0
Otto Ferrene Director 0.5
Director
$0 $0 $0
Lynn King Director 0.5
Director
$0 $0 $0
Ben Shelton Director 0.5
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
2021 $26,027 $32,913 $104,141 $-6,886
2020 $37,218 $49,222 $111,027 $-12,004
2018 $52,636 $52,380 $129,955 $256
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