Richard E Vandervoort Memorial Scholarship Inc (EIN 581881961) - 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

1989

Legal Domicile

Phone

4048754000

Tax Period

2024-01-01 to 2024-12-31

Richard E Vandervoort Memorial Scholarship Inc, founded in 1989, is a micro nonprofit that reported $35K in total revenue in fiscal year 2024. Revenue fell 74% from the prior year — a significant decline worth monitoring. Expenses of $174K exceeded revenue, resulting in a 393% operating deficit.

Mission

TO RAISE AND CONTRIBUTE MONEY TO PROVIDE GRANTS TO THE NATIONAL ATHLETIC TRAINERS ASSOCIATION FOUNDATION, TO ENABLE THE FOUNDATION TO AWARD ACADEMIC SCHOLARSHIPS EACH YEAR TO PROMISING STUDENT TRAINERS.

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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 $3,480

Program Service Revenue $0

Investment Income $31,738

Other Revenue $0

TOTAL REVENUE $35,218

Expense Breakdown

Grants Paid $25,000

Salaries & Benefits $41,250

Fundraising Expenses $44,643

Program Expenses $35,703

Other Expenses $63,216

TOTAL EXPENSES $173,631

Year-over-Year Comparison

	2024	2023	Change
Revenue	$35,218	$133,737	-0.7%
Expenses	$173,631	$156,582	+0.1%
Net Income	$-138,413	$-22,845	+5.1%

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

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
CASEY SMITH	TREASURER	1.0	Officer Director	$0	$0	$0
DAVID CREWE	SECRETARY	1.0	Officer Director	$0	$0	$0
ERIC WATERS	CHAIRMAN	1.0	Officer Director	$0	$0	$0
AARON NELSON	IMMEDIATE PAST CHAIRMAN	1.0	Director	$0	$0	$0
DIONNE CALHOUN	HEAD AT WESTERN REP	1.0	Director	$0	$0	$0
ERNST EUGENE	HEAD AT EASTERN REP	1.0	Director	$0	$0	$0
JOSH CORBEIL	CHAIRMAN-ELECT	1.0	Director	$0	$0	$0
TONY KATZENMEIER	ASSISTANT AT WEST REP	1.0	Director	$0	$0	$0
WES BROWN	ASSISTANT AT EAST REP	1.0	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	$35,218	$173,631	$624,447	$-138,413
2023	$133,737	$156,582	$710,773	$-22,845
2022	$106,654	$70,883	$660,853	$35,771
2021	$111,865	$59,941	$804,102	$51,924
2020	$21,954	$73,844	$726,816	$-51,890
2019	$170,200	$93,842	$664,257	$76,358
2018	$139,842	$59,216	$587,112	$80,626

Richard E Vandervoort Memorial Scholarship Inc