FICPA Scholarship Foundation Inc (EIN 596152454) - 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

1959

Legal Domicile

Principal Officer

SHELLY WEIR

Phone

8502242727

Tax Period

2022-07-01 to 2023-06-30

FICPA Scholarship Foundation Inc, founded in 1959, is a small nonprofit that reported $779K in total revenue in fiscal year 2022. Revenue surged 145% from the prior year, signaling strong growth momentum. The organization ran a surplus of $552K, a strong 71% operating margin.

Mission

OUR MISSION IS TO PROVIDE SUPPORT AND FOSTER SUCCESS FOR CURRENT AND FUTURE CPAS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $102,485

Program Service Revenue $0

Investment Income $596,167

Other Revenue $79,991

TOTAL REVENUE $778,643

Expense Breakdown

Grants Paid $167,450

Salaries & Benefits $24,601

Fundraising Expenses $24,601

Program Expenses $167,450

Other Expenses $34,297

TOTAL EXPENSES $226,348

Year-over-Year Comparison

	2022	2021	Change
Revenue	$778,643	$317,584	+1.5%
Expenses	$226,348	$265,268	-0.1%
Net Income	$552,295	$52,316	+9.6%

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

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

$1,044,034

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Shelly Weir	President/CEO	1.0	Officer	$0	$39,067	$391,525
Donna Son	Chief Operating Officer	1.0	Officer	$0	$20,091	$229,018
Paul Brown	Director of Technical Services	0.0	Highest	$0	$32,600	$173,664
Kristin HIgh	Chief Financial officer	1.0	Officer	$0	$24,023	$161,319
Ivey Rose Smith	VP of Membership	0.0	Highest	$0	$34,726	$147,847
Justin Thames	Chief External Affairs Officer	1.0	Officer	$0	$5,580	$131,650
Carrie Summerlin	Chief Growth & Innov. Officer	1.0	Officer	$0	$8,805	$130,522
Mia Thomas	SR Director of Learning	1.0	Highest	$0	$8,578	$117,466
Carshena Allison	Chair	1.0	Officer Director	$0	$0	$0
Silvana Capaldi	Programs Committee Chair	1.0	Officer Director	$0	$0	$0
Gary Margolis	Finance Committee Chair	1.0	Officer Director	$0	$0	$0
Steve Morrison	Fundraising Committee Chair	1.0	Officer Director	$0	$0	$0
Will Quilliam	Governance Committee Chair	1.0	Officer Director	$0	$0	$0
Elizabeth Carlson	Trustee	1.0	Director	$0	$0	$0
Jason Chorlins	Trustee	1.0	Director	$0	$0	$0
David Cumberland	Trustee	1.0	Director	$0	$0	$0
Lorie Gleim	Trustee	1.0	Director	$0	$0	$0
Michael Halfast	Trustee	1.0	Director	$0	$0	$0
Paul Hays	Trustee	1.0	Director	$0	$0	$0
Celina Jozsi	Trustee	1.0	Director	$0	$0	$0
Nancy Juron	Trustee	1.0	Director	$0	$0	$0
Jennifer Keller	Trustee	1.0	Director	$0	$0	$0
Jason Klein	Trustee	1.0	Director	$0	$0	$0
Kylan McNemar	Trustee	1.0	Director	$0	$0	$0
Binita Mehta	Trustee	1.0	Director	$0	$0	$0
Frank Morera	Trustee	1.0	Director	$0	$0	$0
Joseph Murray	Trustee	1.0	Director	$0	$0	$0
Brandon Perry	Trustee	1.0	Director	$0	$0	$0
Amanda Porupski	Trustee	1.0	Director	$0	$0	$0
Sean Robinson	Trustee	1.0	Director	$0	$0	$0
Marie Rosier	Trustee	1.0	Director	$0	$0	$0
Maria Rust	Trustee	1.0	Director	$0	$0	$0
Amy Santos	Trustee	1.0	Director	$0	$0	$0
RIck Shapiro	Trustee	1.0	Director	$0	$0	$0
Rick Smith	Trustee	1.0	Director	$0	$0	$0
Paola Suarez	Trustee	1.0	Director	$0	$0	$0
Carey Vasallo	Trustee	1.0	Director	$0	$0	$0
Alan West	Trustee	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$778,643	$226,348	$3,218,198	$552,295
2022	$317,584	$265,268	$3,024,093	$52,316
2021	$279,961	$237,820	$3,319,754	$42,141
2020	$209,718	$215,536	$2,685,413	$-5,818
2019	$231,678	$229,212	$2,665,961	$2,466
2018	$185,877	$213,972	$2,513,660	$-28,095
2018	$185,877	$213,972	$2,513,660	$-28,095

FICPA Scholarship Foundation Inc