LAKE SEMINOLE SQUARE SCHOLARSHIP FUND INC (EIN 650668965) - 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

Legal Domicile

Principal Officer

BRUCE CARLSON

Phone

7273982700

Tax Period

2023-01-01 to 2023-12-31

LAKE SEMINOLE SQUARE SCHOLARSHIP FUND INC is a micro nonprofit in the Education sector that reported $69K in total revenue in fiscal year 2023. Revenue fell 62% from the prior year — a significant decline worth monitoring. Net assets of $1.4M represent 248 months of operating reserves.

Mission

THE FUND ACCEPTS DONATIONS AND BEQUESTS. THE FUND PROVIDES ACADEMIC SCHOLARSHIPS TO QUALIFIED STUDENTS WHO ARE EMPLOYED AT LAKE SEMINOLE SQUARE. ALL OFFICERS AND DIRETCTORS ARE NONCOMPENSATED.

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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 (2023)

Revenue Breakdown

Contributions & Grants $38,634

Program Service Revenue $0

Investment Income $30,798

Other Revenue $0

TOTAL REVENUE $69,432

Expense Breakdown

Grants Paid $60,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $60,500

Other Expenses $10,491

TOTAL EXPENSES $70,991

Year-over-Year Comparison

	2023	2022	Change
Revenue	$69,432	$181,059	-0.6%
Expenses	$70,991	$55,641	+0.3%
Net Income	$-1,559	$125,418	-1.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAN ANDERSON	VP SCHOLARSH	2.00	Officer Director	$0	$0	$0
BRUCE CARLSON	PRESIDENT &	2.00	Officer Director	$0	$0	$0
ADA DEMB	SCHOLARSHIP	2.00	Director	$0	$0	$0
CHARLOTTE EDMISTON	SCHOLARSHIP	2.00	Director	$0	$0	$0
GLADYS EVAN	VP BEQUESTS	2.00	Officer Director	$0	$0	$0
JIM FURNER	FINANCE COMM	2.00	Director	$0	$0	$0
MILDRED IMBERGAMO	TREASURER	2.00	Officer Director	$0	$0	$0
TONY INGEGNERI	VP FINANCE C	2.00	Director	$0	$0	$0
VICKI POSNER	SECRETARY	2.00	Officer Director	$0	$0	$0
HELEN SCHNEIDER	EXEC VP & FI	2.00	Officer Director	$0	$0	$0
KAREN WEBB	SCHOLARSHIP	2.00	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	No data	No data	No data	No data
2023	$69,432	$70,991	$1,437,192	$-1,559
2022	$181,059	$55,641	$1,295,415	$125,418
2021	$89,813	$62,935	$1,298,871	$26,878
2020	$86,513	$71,182	$1,145,290	$15,331

LAKE SEMINOLE SQUARE SCHOLARSHIP FUND INC