BLUE WATER SCHOLARSHIP FUND (EIN 821104031) - 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

2017

Legal Domicile

Principal Officer

JOHN CURTIN

Phone

7138250289

Tax Period

2023-01-01 to 2023-12-31

BLUE WATER SCHOLARSHIP FUND, founded in 2017, is a small nonprofit in the Education sector that reported $198K in total revenue in fiscal year 2023.

Mission

THE BLUE WATER SCHOLARSHIP FUND AIMS TO INTRODUCE THE NEXT GENERATION TO THE MARITIME INDUSTRY AND ITS MANY OPPORTUNITIES. THE BLUE WATER SCHOLARSHIP FUND INTENDS TO AWARD A NUMBER OF SCHOLARSHIPS ANNUALLY BETWEEN $250 AND $15,000 EACH BASED ON THE MERIT OF THE APPLICANTS RECEIVED AND THE FINANCIAL POSITION OF THE SCHOLARSHIP FUND DURING THE YEAR. THE MAXIMUM SCHOLARSHIP AMOUNT MAY BE EXCEEDED AT THE DISCRETION OF THE DIRECTORS DEPENDING ON THE INDIVIDUAL NEEDS AND CIRCUMSTANCES OF THE STUDENT.

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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 $197,707

Program Service Revenue $0

Investment Income $664

Other Revenue $0

TOTAL REVENUE $198,371

Expense Breakdown

Grants Paid $198,159

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $198,159

Other Expenses $10,988

TOTAL EXPENSES $209,147

Year-over-Year Comparison

	2023	2022	Change
Revenue	$198,371	$200,238	0.0%
Expenses	$209,147	$155,109	+0.3%
Net Income	$-10,776	$45,129	-1.2%

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
JAMIE CLEVELAND	CHAIRMAN	1.00	Director	$0	$0	$0
JOHN CURTIN	DIRECTOR	1.00	Director	$0	$0	$0
JIM HOY	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE LANG	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN COLLINS	DIRECTOR	1.00	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	$198,371	$209,147	$72,863	$-10,776
2022	$200,238	$155,109	$83,574	$45,129
2021	$83,798	$158,487	$38,242	$-74,689

BLUE WATER SCHOLARSHIP FUND