SCHOLARS OF FINANCE

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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

ROSS OVERLINE

Phone

7157162017

Tax Period

2023-01-01 to 2023-12-31

SCHOLARS OF FINANCE, founded in 2017, is a community nonprofit in the Education sector that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $578K, a strong 26% operating margin.

Mission

TO INSPIRE CHARACTER AND INTEGRITY IN THE FINANCE LEADERS OF TOMORROW.

Program Service Accomplishments

Program 1

Expenses: $1,379,020

MEMBER SERVICES: SCHOLARS OF FINANCE IMPACTED OVER 3,700 STUDENTS IN 2023 THROUGH VALUES-BASED LEADERSHIP PROGRAMMING AS THE ORGANIZATION EXPANDED TO 60 CHAPTERS ACROSS THE U.S. 1,800 STUDENTS...

MEMBER SERVICES: SCHOLARS OF FINANCE IMPACTED OVER 3,700 STUDENTS IN 2023 THROUGH VALUES-BASED LEADERSHIP PROGRAMMING AS THE ORGANIZATION EXPANDED TO 60 CHAPTERS ACROSS THE U.S. 1,800 STUDENTS GRADUATED FROM THE LEADERSHIP DEVELOPMENT PROGRAM, A 7-WEEK COURSE THAT PREPARES STUDENTS TO BE ETHICAL LEADERS IN FINANCE. SOF CONNECTED 340 MEMBERS TO FINANCE PROFESSIONALS FOR MENTORSHIP, PROVIDING COACHING FOR PERSONAL AND PROFESSIONAL GROWTH. HUNDREDS OF FINANCE PROFESSIONALS SPOKE TO OVER 5,100 STUDENTS AT MORE THAN 290 SPEAKING EVENTS AND SYMPOSIA, HELPING MEMBERS DEEPEN THEIR UNDERSTANDING OF FINANCE AND HOW TO BE ETHICAL LEADERS IN THE PROFESSION. THE ORGANIZATION ALSO IMPACTED STUDENTS THROUGH VALUES FORUMS, TECHNICAL WORKSHOPS, AND MUCH MORE.

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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 $2,230,418

Program Service Revenue $0

Investment Income $23,131

Other Revenue $0

TOTAL REVENUE $2,253,549

Expense Breakdown

Grants Paid $0

Salaries & Benefits $949,782

Fundraising Expenses $188,057

Program Expenses $1,379,020

Other Expenses $725,296

TOTAL EXPENSES $1,675,078

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,253,549	$1,459,940	+0.5%
Expenses	$1,675,078	$1,417,335	+0.2%
Net Income	$578,471	$42,605	+12.6%

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

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

$492,832

Total Directors

$177,467

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROSS OVERLINE	CHIEF EXECUTIVE OFFICER	40.00	Officer Director	$162,750	$14,717	$177,467
RYAN QUINLIVAN	VICE CHAIRMAN OF THE BOARD	2.00	Officer Director	$0	$0	$0
NICOLAS SUAREZ	TREASURER	1.00	Officer Director	$0	$0	$0
RAY CAMERON	DIRECTOR	1.00	Director	$0	$0	$0
CARLA FREITAS RENFIELD-MILLER	DIRECTOR	1.00	Director	$0	$0	$0
KATIE LAWLER	DIRECTOR	1.00	Director	$0	$0	$0
MAEVE RICHARD	DIRECTOR	1.00	Director	$0	$0	$0
ARMEL ROMEO KOUASSI	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH J SANDLER	DIRECTOR	1.00	Director	$0	$0	$0
MIRANDA MEHTA	CHIEF IMPACT OFFICER	40.00	Officer	$150,708	$17,357	$168,065
STEPHEN SORENSON	CHIEF OPERATING OFFICER	40.00	Officer	$126,000	$21,300	$147,300
RANDAL LEDET	DIRECTOR OF MEMBER SUCCESS AND PROGRAMS	40.00	Highest	$103,333	$11,297	$114,630

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	$2,253,549	$1,675,078	$2,598,908	$578,471
2022	$1,459,940	$1,417,335	$2,002,224	$42,605
2021	$2,116,469	$586,058	$1,891,029	$1,530,411
2020	$285,452	$283,981	$135,802	$1,471
2020	$208,102	$114,273	$229,802	$93,829