HLV AREA SCHOLARSHIP FOUNDATION (EIN 833178639) - 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

Principal Officer

TIM GLOTFELTY

Phone

3196473121

Tax Period

2025-01-01 to 2025-12-31

HLV AREA SCHOLARSHIP FOUNDATION, founded in 2019, is a micro nonprofit in the Education sector that reported $12K in total revenue in fiscal year 2025. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $38K exceeded revenue, resulting in a 214% operating deficit.

Mission

PROVIDE EDUCATIONAL SCHOLARSHIPS TO LOCAL GRADUATING HIGH SCHOOL STUDENTS

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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 (2025)

Revenue Breakdown

Contributions & Grants $12,120

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $12,120

Expense Breakdown

Grants Paid $37,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $38,106

Other Expenses $606

TOTAL EXPENSES $38,106

Year-over-Year Comparison

	2025	2024	Change
Revenue	$12,120	$16,600	-0.3%
Expenses	$38,106	$52,884	-0.3%
Net Income	$-25,986	$-36,284	-0.3%

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

N/A

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
TIM GLOTFELTY	President	2.00	Officer Director	$0	$0	$0
SUSAN WILGENBUSCH	Vice President	2.00	Officer Director	$0	$0	$0
AUDREY WATERBECK	Treasurer	2.00	Officer Director	$0	$0	$0
KARLA ROBISON	Secretary	2.00	Officer Director	$0	$0	$0
WILLIAM LYNCH	Director	2.00	Officer Director	$0	$0	$0
GARRETT DOZARK	Director	2.00	Officer Director	$0	$0	$0
GRANT TAYLOR	Director	2.00	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
2025	$12,120	$38,106	$783,983	$-25,986
2024	$16,600	$52,884	$721,978	$-36,284
2023	$16,153	$39,000	$698,086	$-22,847
2022	$22,236	$34,580	$685,530	$-12,344
2021	$15,271	$24,140	$776,910	$-8,869
2020	$10,778	$31,055	$615,683	$-20,277
2019	$6,904	$19,733	$635,960	$-12,829

HLV AREA SCHOLARSHIP FOUNDATION