MOUNT VERNON ROTARY EDUCATIONAL SC… - 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

1990

Legal Domicile

Principal Officer

TOM STANDRIDGE

Phone

9035374029

Tax Period

2023-01-01 to 2023-12-31

MOUNT VERNON ROTARY EDUCATIONAL SCHOLARSHIP TRUST, founded in 1990, is a micro nonprofit in the Education sector that reported $45K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $8K, a strong 18% operating margin.

Mission

SCHOLARSHIPS FOR STUDENTS FROM MT VERNON, TX AND NUTRITIONAL SUPPORT FOR AT RISK YOUTHS.

Program Service Accomplishments

Program 1

Expenses: $37,037 Revenue: $35,547

PAYMENT OF FUNDS FOR FINANCIAL ASSISTANCE TO STUDENTS FROM MT VERNON (TEXAS) WHO ARE SELECTED ACCORDING TO PROVISIONS OF THE TRUST AND TO PROVIDE NUTRITIONAL SUPPORT FOR AT RISK STUDENTS

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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 $11,233

Program Service Revenue $0

Investment Income $27,043

Other Revenue $6,792

TOTAL REVENUE $45,068

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $37,037

Other Expenses $37,037

TOTAL EXPENSES $37,037

Year-over-Year Comparison

	2023	2022	Change
Revenue	$45,068	$60,821	-0.3%
Expenses	$37,037	$72,224	-0.5%
Net Income	$8,031	$-11,403	-1.7%

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
TOM STANDRIDGE	TRUSTEE	1.00	Director	$0	$0	$0
JASON MCCULLOUGH	TRUSTEE	1.00	Director	$0	$0	$0
DAVID S LEE	TRUSTEE	1.00	Director	$0	$0	$0
ERNEST SNAPKA	TRUSTEE	0.00	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	$45,068	$37,037	$919,430	$8,031
2022	$60,821	$72,224	$911,399	$-11,403
2021	$32,879	$60,316	$923,072	$-27,437
2020	$56,811	$57,473	$950,538	$-662
2019	$96,897	$87,622	$950,900	$9,275
2018	$82,696	$63,141	$941,625	$19,555

MOUNT VERNON ROTARY EDUCATIONAL SCHOLARSHIP TRUST