SEAFORD SCHOOL DISTRICT SCHOLARSHIP FOUNDATION INC (EIN 800817702) - 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

2013

Legal Domicile

Principal Officer

MICHAEL CRAFT

Phone

3026294587

Tax Period

2024-01-01 to 2024-12-31

SEAFORD SCHOOL DISTRICT SCHOLARSHIP FOUNDATION INC, founded in 2013, is a micro nonprofit in the Education sector that reported $47K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $22K, a strong 46% operating margin.

Mission

TO PROVIDE SCHOLARSHIPS TO SEAFORD SENIOR HIGH SCHOOL QUALIFYING GRADUATES. CONTRIBUTORS ARE INDIVIDUALS AND ORGANIZATIONS IN THE LOCAL AREA.

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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 $0

Program Service Revenue $0

Investment Income $41,067

Other Revenue $5,747

TOTAL REVENUE $46,814

Expense Breakdown

Grants Paid $11,880

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $25,237

Other Expenses $13,357

TOTAL EXPENSES $25,237

Year-over-Year Comparison

	2024	2023	Change
Revenue	$46,814	$59,179	-0.2%
Expenses	$25,237	$39,981	-0.4%
Net Income	$21,577	$19,198	+0.1%

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
MICHAEL CRAFT	TREASURER	2.00	Officer	$0	$0	$0
SHARON DIGIROLAMO	PRESIDENT	1.00	Officer	$0	$0	$0
DUANE PATCHES HILL	VICE PRESIDE	1.00	Officer	$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	$46,814	$25,237	$989,298	$21,577
2023	$59,179	$39,981	$883,583	$19,198
2022	$30,251	$34,335	$809,301	$-4,084
2021	$67,960	$40,296	$899,868	$27,664
2020	$12,270	$17,140	$689,610	$-4,870
2019	$59,240	$36,506	$669,903	$22,734
2018	$60,012	$41,397	$703,602	$18,615

SEAFORD SCHOOL DISTRICT SCHOLARSHIP FOUNDATION INC