HENRY & ROSE FISHMAN SCHOLARSHIP TRUST (EIN 746526743) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Principal Officer

REGIONS BANK

Phone

2058203141

Tax Period

2023-01-01 to 2023-12-31

HENRY & ROSE FISHMAN SCHOLARSHIP TRUST, founded in 2001, is a micro nonprofit in the Education sector that reported $10K in total revenue in fiscal year 2020. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $27K exceeded revenue, resulting in a 177% operating deficit.

Mission

SUPPORT THE MADISON COUNTY PUBLIC SCHOOL SYSTEM BY PROVIDING COLLEGE SCHOLARSHIPS TO GRADUATES OF MADISON COUNTY PUBLIC SCHOOLS WHO ARE WITHOUT SUFFICIENT FINANCIAL MEANS TO PROVIDE FULLY FOR THEIR COLLLEGE EDUCATION.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $40,544

Other Revenue $0

TOTAL REVENUE $40,544

Expense Breakdown

Grants Paid $18,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $18,000

Other Expenses $11,900

TOTAL EXPENSES $29,900

Year-over-Year Comparison

	2023	2022	Change
Revenue	$40,544	$68,763	-0.4%
Expenses	$29,900	$25,555	+0.2%
Net Income	$10,644	$43,208	-0.8%

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

N/A

Independent Members

N/A

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
BUDDY WHITE SUPERINTENDENT	CO-TRUSTEE	N/A	Director	$0	$0	$0
ERIC JONES PRINCIPAL	BOARD MEMBER	N/A	Director	$0	$0	$0
JASON BRIDGEMAN PRINCIPAL	CO-TRUSTEE	N/A	Director	$0	$0	$0
JIMMY HARRIS MAYOR	CO-TRUSTEE	N/A	Director	$0	$0	$0
BARBARA JOHNSON COMMISSIONER	CO-TRUSTEE	N/A	Director	$0	$0	$0
NANCY ZAMBITO FORMER SUPERINTENDEN	FORMER CO-TRUSTEE, RETIRED	N/A	Director	$0	$0	$0
JAN WATSON PRINCIPAL	FORMER CO-TRUSTEE ROTATED OUT	N/A	Director	$0	$0	$0
CHARLES CLARK PRINCIPAL	CO-TRUSTEE	N/A	Director	$0	$0	$0
RICKY CATLETT PRINCIPAL	CO-TRUSTEE	N/A	Director	$0	$0	$0
TONY WHITE DEPUTY MAYOR	CO-TRUSTEE	N/A	Director	$0	$0	$0
CHAD GUTHERIE	PRINCIPAL - MADISON ACADEMIC HIGH SCHOOL	N/A	Director	$0	$0	$0
GREG VINSON ASSISTANT PRINCIPAL	CO-TRUSTEE	N/A	Director	$0	$0	$0
DR VERNA RUFFIN SUPERINTENDENT	CO-TRUSTEE	N/A	Director	$0	$0	$0
TIM GILMER PRINCIPAL	CO-TRUSTEE	N/A	Director	$0	$0	$0
JIMMY HARRIS COUNTY MAYOR	CO-TRUSTEE	N/A	Director	$0	$0	$0
JASON BRIDGEMAN	PRINCIPAL - NORTH SIDE HIGH	N/A	Director	$0	$0	$0
ANITA TUCKER	PRINCIPAL - SOUTH SIDE HIGH	N/A	Director	$0	$0	$0
RAY WASHINGTON	SUPERINTENDENT	N/A	Director	$0	$0	$0
REGIONS BANK	TRUSTEE	N/A	Director	$0	$0	$0
NATHAN LEWIS	PRINCIPAL - EARLY COLLEGE HIGH	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
2024	No data	No data	No data	No data
2023	$40,544	$29,900	$682,604	$10,644
2022	$68,763	$25,555	$671,558	$43,208
2021	$46,054	$29,000	$626,459	$17,054
2020	$9,872	$27,342	$609,374	$-17,470

HENRY & ROSE FISHMAN SCHOLARSHIP TRUST