ILA Local 1408 Scholarship Fund Inc (EIN 593379414) - 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

1996

Legal Domicile

Principal Officer

CHARLES SPENCER

Phone

9046001876

Tax Period

2021-01-01 to 2021-12-31

ILA Local 1408 Scholarship Fund Inc, founded in 1996, is a micro nonprofit in the Education sector that reported $42K in total revenue in fiscal year 2021. Expenses of $48K exceeded revenue, resulting in a 14% operating deficit.

Mission

Provide Education Grants

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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 (2021)

Revenue Breakdown

Contributions & Grants $53,769

Program Service Revenue $0

Investment Income $0

Other Revenue $-12,114

TOTAL REVENUE $41,655

Expense Breakdown

Grants Paid $33,250

Salaries & Benefits $7,500

Fundraising Expenses $0

Program Expenses $600

Other Expenses $6,843

TOTAL EXPENSES $47,593

Year-over-Year Comparison

	2021	2020	Change
Revenue	$41,655	N/A	N/A
Expenses	$47,593	N/A	N/A
Net Income	$-5,938	N/A	N/A

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

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

$7,500

Total Directors

$7,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES SPENCER	Chairman	5.000	Officer	$0	$0	$0
JADENE KING	Administrative Assista	10.00	Officer Director	$7,500	$0	$7,500
ANTHONY HILL	Board member	2.000	Officer	$0	$0	$0
ERWIN LAX	Board Member	2.000	Officer	$0	$0	$0
RICK JONES	Board Member	2.000	Officer	$0	$0	$0
SHERAN FOWLER	Treasurer	5.000	Officer	$0	$0	$0
SABRINA EDWARDS	Board Member	2.000	Officer	$0	$0	$0
AISHA ECCLESTON	Board Member	2.000	Officer	$0	$0	$0
TANYA GUYDOS	Board Member	2.000	Officer	$0	$0	$0
GERALD JONES	Board Member	2.000	Officer	$0	$0	$0
GEORGE SPENCER	President	2.000	Officer	$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	$41,655	$47,593	$-11	$-5,938

ILA Local 1408 Scholarship Fund Inc