SAGINAW HIGH MEMORIAL SCHOLARSHIP

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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

JANET NASH

Phone

9893996500

Tax Period

2023-07-01 to 2024-06-30

SAGINAW HIGH MEMORIAL SCHOLARSHIP, founded in 2017, is a micro nonprofit in the Education sector that reported $1K in total revenue in fiscal year 2023. Expenses of $5K exceeded revenue, resulting in a 310% operating deficit.

Mission

PROVIDE ASSISTANCE TO THE SCHOOL DISTRICT OF THE CITY OF SAGINAW FOR OUTSTANDING GRADUATES OF SAGINAW HIGH SCHOOL TO OFFSET COSTS OF HIGHER EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $4,750

ASSISTANCE PROVIDED TO THE SCHOOL DISTRICT OF THE CITY OF SAGINAW.

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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 $0

Program Service Revenue $0

Investment Income $1,159

Other Revenue $0

TOTAL REVENUE $1,159

Expense Breakdown

Grants Paid $4,750

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,750

Other Expenses $0

TOTAL EXPENSES $4,750

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,159	$1,155	+0.0%
Expenses	$4,750	$5,375	-0.1%
Net Income	$-3,591	$-4,220	-0.1%

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
CHARLES COLEMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
VERA HARRISON	SECRETARY	1.00	Officer Director	$0	$0	$0
RUTH ANN KNAPP	TREASURER	1.00	Officer Director	$0	$0	$0
JANET NASH	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
KEVIN MARK ROOKER	TRUSTEE	1.00	Director	$0	$0	$0
JOYCE SEALS	TRUSTEE	1.00	Director	$0	$0	$0
MATTIE THOMPSON	TRUSTEE	1.00	Director	$0	$0	$0
TAMARA JOHNSON	DIRECTOR	1.00	Officer	$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	No data	No data	No data	No data
2024	$1,159	$4,750	$973,404	$-3,591
2023	$1,155	$5,375	$976,995	$-4,220
2022	$1,154	$1,875	$981,215	$-721
2021	$1,491	$3,750	$981,936	$-2,259