FRIENDS OF 440 SCHOLARSHIP FUND INC

EIN: 650319696 501(c)(3) Education

MIAMI, FL

Total Revenue
$93,710
Total Expenses
$87,444
Total Assets
$447,917
Net Assets
$447,684
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
FL
Principal Officer
MATT TROY
Phone
3054238710
Tax Period
2024-04-01 to 2025-03-31

FRIENDS OF 440 SCHOLARSHIP FUND INC, founded in 1991, is a micro nonprofit in the Education sector that reported $94K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $87K left a modest 7% surplus.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE EDUCATIONAL SCHOLARSHIPS FOR FINANCIALLY NEEDY DEPENDENTS OF WORKERS WHO HAVE BEEN INJURED IN THE COURSE OF THEIR EMPLOYMENT AND AS A RESULT HAVE RECEIVED WORKERS' COMPENSATION BENEFITS UNDER FLORIDA LAW AND WHO RESIDE, OR WHOSE WORK-RELATED INJURIES OCCURRED IN FLORIDA.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $17,126
Program Service Revenue $0
Investment Income $51,194
Other Revenue $25,390
TOTAL REVENUE $93,710

Expense Breakdown

Grants Paid $28,233
Salaries & Benefits $38,761
Fundraising Expenses $0
Program Expenses $72,773
Other Expenses $20,450
TOTAL EXPENSES $87,444

Year-over-Year Comparison

2024 2023 Change
Revenue $93,710 $71,282 +0.3%
Expenses $87,444 $90,651 0.0%
Net Income $6,266 $-19,369 -1.3%
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

Sign In

Governance

Voting Members
25
Independent Members
25
Employees
1
Volunteers
10

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
6
$0
Total Directors
25
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATT TROY PRESIDENT N/A
Officer Director
$0 $0 $0
SEAN MCCORMACK SENIOR V.P. N/A
Officer Director
$0 $0 $0
ANNAMARIE KIM SECRETARY N/A
Officer Director
$0 $0 $0
ERIN PERDUE TREASURER N/A
Officer Director
$0 $0 $0
JUDGE RAY HOLLEY V.P. SCHOLAR N/A
Officer Director
$0 $0 $0
ALAN M KUKER V.P. EMERITU N/A
Officer Director
$0 $0 $0
CESAR ARMSTRONG BOARD N/A
Director
$0 $0 $0
THOMAS W CONROY BOARD N/A
Director
$0 $0 $0
CHARLES KELLEY BOARD N/A
Director
$0 $0 $0
FRANK CLARK BOARD N/A
Director
$0 $0 $0
ERIC B SANDLER BOARD N/A
Director
$0 $0 $0
R CORY SCHNEPPER BOARD N/A
Director
$0 $0 $0
MAL STEINBERG BOARD N/A
Director
$0 $0 $0
CLIFFORD J MOSKOWITZ BOARD N/A
Director
$0 $0 $0
GRACE MURTADA BOARD N/A
Director
$0 $0 $0
DR ALBERT RAY BOARD N/A
Director
$0 $0 $0
STUART SUSKIN BOARD N/A
Director
$0 $0 $0
PAOLO LONGO JR BOARD N/A
Director
$0 $0 $0
PETER SHAPIRO BOARD N/A
Director
$0 $0 $0
CHRIS PERTUCCELLI BOARD N/A
Director
$0 $0 $0
JEANNE ORPHANIDYS BOARD N/A
Director
$0 $0 $0
ROBERT BAMDAS BOARD N/A
Director
$0 $0 $0
ANDREW REICH BOARD N/A
Director
$0 $0 $0
TOD STUPSKI BOARD N/A
Director
$0 $0 $0
MARY CRUICKSHANK BOARD 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 $93,710 $87,444 $447,917 $6,266
2024 $71,282 $90,651 $471,335 $-19,369
2023 $28,690 $98,246 $471,367 $-69,556
2022 $59,521 $99,961 $568,649 $-40,440
2021 $37,616 $112,466 $628,970 $-74,850
2020 $78,746 $100,716 $563,684 $-21,970
2019 $81,875 $103,965 $642,508 $-22,090
2018 $142,591 $121,813 $666,412 $20,778
Explore More Nonprofits
→Top 100 Nonprofits in Florida →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare FRIENDS OF 440 SCHOLARSHIP FUND INC with other nonprofits in Florida and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.