Weiss Scholarship Foundation

EIN: 822875554 501(c)(3) Education

Naperville, IL

Total Revenue
$444,634
Total Expenses
$229,655
Total Assets
$654,583
Net Assets
$654,583
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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
2018
Legal Domicile
IL
Principal Officer
Brett Henry Weiss
Phone
6302485405
Tax Period
2024-01-01 to 2024-12-31

Weiss Scholarship Foundation, founded in 2018, is a small nonprofit in the Education sector that reported $445K in total revenue in fiscal year 2024. Revenue surged 58% from the prior year, signaling strong growth momentum. The organization ran a surplus of $215K, a strong 48% operating margin.

Mission

The Weiss Scholarship Foundation's mission is to empower the children throughout Kenya by ensuring they have access to a great education.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $428,324
Program Service Revenue $0
Investment Income $13,631
Other Revenue $2,679
TOTAL REVENUE $444,634

Expense Breakdown

Grants Paid $133,286
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $133,286
Other Expenses $96,369
TOTAL EXPENSES $229,655

Year-over-Year Comparison

2024 2023 Change
Revenue $444,634 $280,680 +0.6%
Expenses $229,655 $182,427 +0.3%
Net Income $214,979 $98,253 +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

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
40

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
2
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brett Henry Weiss Executive Director/Secretary 60.00
Officer Director
$0 $0 $0
Eugene A Trainor III Treasurer 5.00
Officer Director
$0 $0 $0
Warren M Weiss Board Member 1.00
Director
$0 $0 $0
Susan Anyango Kigamwa Board Member 1.00
Director
$0 $0 $0
John Knobloch Board Member 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 $444,634 $229,655 $654,583 $214,979
2023 $280,680 $182,427 $450,855 $98,253
2022 $201,739 $113,000 $277,155 $88,739
2022 $270,374 $130,488 $341,215 $139,886
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