OTHA E HERRING SCHOLARS FUND II (EIN 756690166) - 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

2003

Legal Domicile

Principal Officer

WALTER REED

Phone

9197162015

Tax Period

2023-07-01 to 2024-06-30

OTHA E HERRING SCHOLARS FUND II, founded in 2003, is a micro nonprofit in the Education sector that reported $37K in total revenue in fiscal year 2023. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $34K left a modest 8% surplus.

Mission

PROVIDE SCHOLARSHIPS TO STUDENTS OF JAMES SPRUNT COMMUNITY COLLEGE WHO ARE EITHER RESIDENTS OF DUPLIN COUNTY, NC OR THE TOWN OF MOUNT OLIVE, NC

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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 $0

Program Service Revenue $0

Investment Income $36,690

Other Revenue $0

TOTAL REVENUE $36,690

Expense Breakdown

Grants Paid $26,000

Salaries & Benefits $7,036

Fundraising Expenses $0

Program Expenses $29,519

Other Expenses $810

TOTAL EXPENSES $33,846

Year-over-Year Comparison

	2023	2022	Change
Revenue	$36,690	$109,336	-0.7%
Expenses	$33,846	$32,924	+0.0%
Net Income	$2,844	$76,412	-1.0%

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

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
MARY DRUMMOND	TRUSTEE	1.0	Director	$0	$0	$0
CLARK DRUMMOND	TRUSTEE	1.0	Director	$0	$0	$0
JOHN WESTON	TRUSTEE	1.0	Director	$0	$0	$0
ARMIN JANCIS	TRUSTEE	1.0	Director	$0	$0	$0
HAYWOOD QUINN	TRUSTEE	1.0	Director	$0	$0	$0
ROBERT KORNEGAY	TRUSTEE	1.0	Director	$0	$0	$0
LYNNE SMITH	TRUSTEE	1.0	Director	$0	$0	$0
FIRST CITIZENS BANK	TRUSTEE	1.0		$7,037	$0	$7,037

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	$36,690	$33,846	$831,121	$2,844
2023	$109,336	$32,924	$828,803	$76,412
2022	$48,909	$57,740	$752,395	$-8,831
2021	$29,078	$28,524	$761,368	$554
2020	$23,352	$10,972	$761,423	$12,380
2019	$36,260	$35,803	$749,042	$457

OTHA E HERRING SCHOLARS FUND II