JIMMY MC DONOUGH SCHOLARSHIP FUND INC

EIN: 651247861 501(c)(3) Education

MAHOPAC FALLS, NY

Total Revenue
$107
Total Expenses
$4,943
Total Assets
$21,621
Net Assets
$21,621
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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
2005
Legal Domicile
NY
Principal Officer
John Glenn
Tax Period
2018-01-01 to 2018-12-31

JIMMY MC DONOUGH SCHOLARSHIP FUND INC, founded in 2005, is a micro nonprofit in the Education sector that reported $107 in total revenue in fiscal year 2018. Revenue decreased 18% compared to the prior year. Expenses of $5K exceeded revenue, resulting in a 4520% operating deficit.

Mission

Community based fully volunteer organization which raised funds to award modest scholarships to area highschool students going on to college. There are no employees, no consultants and no compensation is paid.

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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%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $107
Other Revenue $0
TOTAL REVENUE $107

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $4,500
Other Expenses $4,943
TOTAL EXPENSES $4,943

Year-over-Year Comparison

2018 2017 Change
Revenue $107 $131 -0.2%
Expenses $4,943 $11,124 -0.6%
Net Income $-4,836 $-10,993 -0.6%
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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Governance

Voting Members
3
Independent Members
3
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
1
$0
Total Directors
1
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANK DE BELLIS TREASURER 001.00
Officer Director Key Emp
$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
2018 $107 $4,943 $21,621 $-4,836
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