ALTON N SCOTT CHARITABLE TRUST #12… - Form 990 Financial Data

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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

2002

Legal Domicile

Principal Officer

RICHARD HARVEY

Phone

2516901337

Tax Period

2024-01-01 to 2024-12-31

ALTON N SCOTT CHARITABLE TRUST #1255001026, founded in 2002, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $491K in total revenue in fiscal year 2024. Revenue surged 185% from the prior year, signaling strong growth momentum. The organization ran a surplus of $268K, a strong 54% operating margin.

Mission

MANAGEMENT OF INVESTMENTS, REMIT THE NET INCOME TO THE UNIVERSITY OF ALABAMA SCHOOL OF ENGINEERING FOR PROMOTION, ENCOURAGEMENT AND FUNDING OF RESEARCH PROJECTS.

Program Service Accomplishments

Program 1

Expenses: $110,000

THE TRUST'S ONLY FUNCTION IS THE MANAGEMENT OF INVESTMENTS AND THE REMITTANCE OF THE INCOME TO THE SOLE BENEFICIARY, THE UNIVERSITY OF ALABAMA SCHOOL OF ENGINEERING, FOR THE PROMOTION, ENCOURAGEMENT...

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $467,836

Other Revenue $23,185

TOTAL REVENUE $491,021

Expense Breakdown

Grants Paid $110,000

Salaries & Benefits $79,207

Fundraising Expenses $0

Program Expenses $110,000

Other Expenses $34,300

TOTAL EXPENSES $223,507

Year-over-Year Comparison

	2024	2023	Change
Revenue	$491,021	$172,114	+1.9%
Expenses	$223,507	$253,985	-0.1%
Net Income	$267,514	$-81,871	-4.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TRUSTEE	6.00		$79,207	$0	$79,207

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	$491,021	$223,507	$8,807,041	$267,514
2023	$172,114	$253,985	$8,539,550	$-81,871
2022	$241,788	$761,219	$8,622,428	$-519,431
2021	$657,542	$107,294	$9,142,949	$550,248
2020	$473,449	$561,038	$8,592,185	$-87,589
2019	$636,186	$531,925	$8,678,917	$104,261
2018	$402,690	$1,074,644	$8,578,715	$-671,954

ALTON N SCOTT CHARITABLE TRUST #1255001026