EVOLVE502 SCHOLARS FOUNDATION INC (EIN 831897986) - 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

2019

Legal Domicile

Phone

5022926219

Tax Period

2020-01-01 to 2020-12-31

EVOLVE502 SCHOLARS FOUNDATION INC, founded in 2019, is a community nonprofit that reported $6.9M in total revenue in fiscal year 2020. Revenue surged 137599% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.7M, a strong 97% operating margin.

Mission

WE WILL PROVIDE THE CARING, BELIEF, ACCESS, AND SUPPORTS EACH STUDENT NEEDS TO ACHIEVE AND SUCCEED AND WILL WORK TO REMOVE AND MITIGATE THE SYSTEMIC BARRIERS OF POVERTY AND INSTITUTIONAL RACISM.

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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 (2020)

Revenue Breakdown

Contributions & Grants $6,884,941

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $6,884,941

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,517

Other Expenses $186,711

TOTAL EXPENSES $186,711

Year-over-Year Comparison

	2020	2019	Change
Revenue	$6,884,941	$5,000	+1376.0%
Expenses	$186,711	$60,037	+2.1%
Net Income	$6,698,230	$-55,037	-122.7%

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 GWEN WHEELER	DIRECTOR	10.00	Director	$0	$0	$0
DAVE CALZI	DIRECTOR	1.00	Director	$0	$0	$0
YVETTE GENTRY	DIRECTOR	1.00	Director	$0	$0	$0
TESS MCNAIR	DIRECTOR	1.00	Director	$0	$0	$0
JOE REEVES	DIRECTOR	1.00	Director	$0	$0	$0
AARON THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
MARK LYNN	DIRECTOR	1.00	Director	$0	$0	$0
HEIDI MARGULIS	DIRECTOR	1.00	Director	$0	$0	$0
MARY NIXON	CHAIRMAN	10.00	Officer Director	$0	$0	$0
RAYMOND BURSE	VICE CHAIR	5.00	Officer Director	$0	$0	$0
ALICE HOUSTON	SECRETARY	5.00	Officer Director	$0	$0	$0
LARRY BENZ	TREASURER	5.00	Officer 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
2020	$6,884,941	$186,711	No data	$6,698,230

EVOLVE502 SCHOLARS FOUNDATION INC