Hendrick Scholarship Foundation (EIN 752376396) - 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

Formation Year

1991

Legal Domicile

Tax Period

2021-07-01 to 2022-06-30

Hendrick Scholarship Foundation, founded in 1991, is a small nonprofit in the Education sector that reported $578K in total revenue in fiscal year 2021. Revenue surged 123% from the prior year, signaling strong growth momentum. The organization ran a surplus of $279K, a strong 48% operating margin.

Mission

The mission of the Hendrick Scholarship Foundation is to provide the means for qualified students who have experienced adversities to enroll in college and, with continued moral and financial encouragement and support, to graduate.

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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 (2021)

Revenue Breakdown

Contributions & Grants $388,891

Program Service Revenue $0

Investment Income $906

Other Revenue $188,270

TOTAL REVENUE $578,067

Expense Breakdown

Grants Paid $152,139

Salaries & Benefits $75,214

Fundraising Expenses $40,101

Program Expenses $170,624

Other Expenses $65,087

TOTAL EXPENSES $299,267

Year-over-Year Comparison

	2021	2020	Change
Revenue	$578,067	$259,236	+1.2%
Expenses	$299,267	$137,692	+1.2%
Net Income	$278,800	$121,544	+1.3%

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

Volunteers

115

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
Sharmila Bose	Board Member	3.75	Director	$0	$0	$0
Shelley Stickland	Board Member	3.75	Director	$0	$0	$0
Jane Switzer	Board Member	0.50	Director	$0	$0	$0
Joe Sifferman	Board Member	5.00	Director	$0	$0	$0
Mark Phariss	Board Member	5.00	Director	$0	$0	$0
Diane Robbins	Board Member	18.75	Director	$0	$0	$0
Mardy Sackley	Board Member	2.00	Director	$0	$0	$0
Dina Dunn	Board Member	2.50	Director	$0	$0	$0
Igbal Ike Mutabanna	Board Member	2.00	Director	$0	$0	$0
Taylor Nipp	Board Member	2.00	Director	$0	$0	$0
Sarah Watkins	Board Member	3.75	Director	$0	$0	$0
Mia Mbroah	Board Member	1.25	Director	$0	$0	$0
Viji George	Board Member	3.00	Director	$0	$0	$0
Juli McCready	Board Member	3.00	Director	$0	$0	$0
Greg McKinney	Board Member	2.50	Director	$0	$0	$0
Jean Callison	Immediate Past President	2.50	Director	$0	$0	$0
Rebecca Bales	Board Member	2.50	Director	$0	$0	$0
Emelia Ahmed	Board Member	1.25	Director	$0	$0	$0
Garry Evans	Board Member	1.25	Director	$0	$0	$0
Rutledge Haggard	Chair Emeritus	0.50	Director	$0	$0	$0
Kimberly Ludwig	Board Member	2.00	Director	$0	$0	$0
Kim Moore	Board Member	2.00	Director	$0	$0	$0
Karen Noble	Board Member	5.00	Director	$0	$0	$0
Craig Perry	Board Member	5.00	Director	$0	$0	$0
Lawrence Mann	Board Member	1.25	Director	$0	$0	$0
Lynn Markel	Board Member	1.25	Director	$0	$0	$0
Lorielyn Mills	Vice President	3.75	Officer Director	$0	$0	$0
Linda Wynn Drain	Secretary	2.50	Officer Director	$0	$0	$0
Berk Smith	President	6.25	Officer Director	$0	$0	$0
Carrolyn Moebius	Treasurer	6.25	Officer 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
2022	$578,067	$299,267	$723,089	$278,800
2021	$259,236	$137,692	$409,400	$121,544
2020	$280,128	$336,154	$296,228	$-56,026
2019	$302,175	$396,976	$343,882	$-94,801
2018	$288,772	$474,106	$453,343	$-185,334

Hendrick Scholarship Foundation