FORT WALTON BEACH ROTARY CLUB SCHOLARSHIP INC (EIN 592643614) - 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

1988

Legal Domicile

Principal Officer

TIMOTHY CHIASSON

Phone

8502444140

Tax Period

2024-01-01 to 2024-12-31

FORT WALTON BEACH ROTARY CLUB SCHOLARSHIP INC, founded in 1988, is a micro nonprofit that reported $23K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $4K, a strong 17% operating margin.

Mission

TO PROVIDE EDUCATIONAL ASSISTANCE THROUGH SCHOLARSHIPS TO DESERVING STUDENTS AND SUPPORT PROGRAMS THAT HELPS CHILDREN IN THE 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 $0

Program Service Revenue $9,573

Investment Income $13,350

Other Revenue $0

TOTAL REVENUE $22,923

Expense Breakdown

Grants Paid $7,766

Salaries & Benefits $0

Fundraising Expenses $6,009

Program Expenses $7,766

Other Expenses $11,374

TOTAL EXPENSES $19,140

Year-over-Year Comparison

	2024	2023	Change
Revenue	$22,923	$26,385	-0.1%
Expenses	$19,140	$31,421	-0.4%
Net Income	$3,783	$-5,036	-1.8%

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
TIMOTHY CHIASSON	PRESIDENT	N/A	Officer Director	$0	$0	$0
FORREST TOWNSEND	VICE PRESIDE	N/A	Director	$0	$0	$0
SARA RICO	SECRETARY	N/A	Officer Director	$0	$0	$0
ROBERT ANDERSON	TREASURER	N/A	Officer Director	$0	$0	$0
GEORGE DORRIS	DIRECTOR	N/A	Director	$0	$0	$0
JAN POOLEY	DIRECTOR	N/A	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	No data	No data	No data	No data
2024	$22,923	$19,140	$328,073	$3,783
2023	$26,385	$31,421	$304,109	$-5,036
2022	$26,746	$131,258	$284,475	$-104,512
2021	$59,675	$33,831	$462,504	$25,844
2020	$24,010	$17,445	$420,649	$6,565
2019	$31,869	$36,999	$404,966	$-5,130
2018	$49,522	$20,204	$355,875	$29,318

FORT WALTON BEACH ROTARY CLUB SCHOLARSHIP INC