WESTFIELD SCHOLARSHIP CHARITABLE TRUST (EIN 586394018) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1999

Legal Domicile

Principal Officer

WILLIAM CARROLL

Phone

4789870547

Tax Period

2024-01-01 to 2024-12-31

WESTFIELD SCHOLARSHIP CHARITABLE TRUST, founded in 1999, is a micro nonprofit in the Education sector that reported $39K in total revenue in fiscal year 2024. Expenses of $47K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO PROVIDE SCHOLARSHIPS TO STUDENTS ATTENDING THE WESTFIELD SCHOOL, INC.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $38,480

Other Revenue $544

TOTAL REVENUE $39,024

Expense Breakdown

Grants Paid $40,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $40,500

Other Expenses $6,130

TOTAL EXPENSES $46,630

Year-over-Year Comparison

	2024	2023	Change
Revenue	$39,024	$-1,920	-21.3%
Expenses	$46,630	$44,145	+0.1%
Net Income	$-7,606	$-46,065	-0.8%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
WILLIAM CARROLL	TRUSTEE	1.00	Director	$0	$0	$0
JOHN W HULBERT	TRUSTEE	1.00	Director	$0	$0	$0
SHELDON SHELTON	TRUSTEE	1.00	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	$39,024	$46,630	$695,120	$-7,606
2023	$-1,920	$44,145	$643,445	$-46,065
2022	$68,291	$53,471	$626,080	$14,820
2021	$47,046	$51,576	$766,409	$-4,530
2020	$10,605	$50,796	$709,661	$-40,191
2019	$156,744	$58,476	$719,740	$98,268
2018	$50,982	$69,907	$597,858	$-18,925

WESTFIELD SCHOLARSHIP CHARITABLE TRUST