WILLIAM BONNER INGRAM SCHOLARSHIP … - 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

2001

Legal Domicile

Principal Officer

JERRY NOWLIN

Phone

9037296048

Tax Period

2024-01-01 to 2024-12-31

WILLIAM BONNER INGRAM SCHOLARSHIP FUND INC, founded in 2001, is a micro nonprofit in the Education sector that reported $84K in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $51K, a strong 61% operating margin.

Mission

THE PRIMARY EXEMPT PURPOSE OF THIS ORGANIZATION IS TO GRANT EDUCATIONAL SCHOLARSHIPS TO GRADUATING HIGH SCHOOL SENIORS.

Program Service Accomplishments

Program 1

Expenses: $22,375

THE PRIMARY EXEMPT PURPOSE OF THIS ORGANIZATION IS TO GRANT EDUCATIONAL SCHOLARSHIPS TO GRADUATING HIGH SCHOOL SENIORS. PAYMENTS ARE MADE DIRECTLY TO SCHOOLS FOR TUITION AND FEES. RECIPIENTS PROVIDE GRADES AND PROOF OF ENROLLMENT TO WILLIAM BONNER INGRAM SCHOLARSHIP FUND, INC. EACH SEMESTER.

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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 $57,150

Program Service Revenue $0

Investment Income $22,264

Other Revenue $4,284

TOTAL REVENUE $83,698

Expense Breakdown

Grants Paid $22,375

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $22,375

Other Expenses $10,272

TOTAL EXPENSES $32,647

Year-over-Year Comparison

	2024	2023	Change
Revenue	$83,698	$131,539	-0.4%
Expenses	$32,647	$28,994	+0.1%
Net Income	$51,051	$102,545	-0.5%

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
JASON COLE	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY FRYE	DIRECTOR	1.00	Director	$0	$0	$0
JIMMY FRYE	DIRECTOR	1.00	Director	$0	$0	$0
GARY INGRAM	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
ALLYSON MITCHELL	DIRECTOR	1.00	Director	$0	$0	$0
JERRY NOWLIN	PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFFREY SCHWAB	DIRECTOR	1.00	Director	$0	$0	$0
DORENDA SMITH	DIRECTOR	1.00	Director	$0	$0	$0
LOYIE WINKEL	SECRETARY	1.00	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
2024	$83,698	$32,647	$798,590	$51,051
2023	$131,539	$28,994	$747,539	$102,545
2022	$29,140	$25,655	$644,994	$3,485
2021	$22,641	$27,802	$641,509	$-5,161
2020	$12,992	$29,526	$646,670	$-16,534
2019	$71,526	$29,006	$663,204	$42,520
2018	$95,414	$35,089	$620,684	$60,325

WILLIAM BONNER INGRAM SCHOLARSHIP FUND INC