I-SCHOLAR INITIATIVE ISI

EIN: 844462468 501(c)(3) Education

Spring, TX

Total Revenue
$32,929
Total Expenses
$21,755
Total Assets
$66,162
Net Assets
$66,162
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
TX
Phone
4362367175
Tax Period
2022-02-01 to 2023-01-31

I-SCHOLAR INITIATIVE ISI, founded in 2020, is a micro nonprofit in the Education sector that reported $33K in total revenue in fiscal year 2022. Revenue fell 48% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $11K, a strong 34% operating margin.

Mission

The organization provided funding for the required graduate entry exam s to help self motivated students to achieve their goals. We assist African Students to study and acquire technical skills overseas especial ly in the USA. The organization provided orientation mentorship information for the required graduate entry exams to help self motivated students to achieve their goals.

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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 (2022)

Revenue Breakdown

Contributions & Grants $32,929
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $32,929

Expense Breakdown

Grants Paid $16,271
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $21,646
Other Expenses $5,484
TOTAL EXPENSES $21,755

Year-over-Year Comparison

2022 2021 Change
Revenue $32,929 $63,362 -0.5%
Expenses $21,755 $26,338 -0.2%
Net Income $11,174 $37,024 -0.7%
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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
100

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
8
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mrs Tolulope Ewherido Director and Board of Trustee Chair 1.00
Director
$0 $0 $0
Mr Uwemedimo G Ukpong Director 1.00
Director
$0 $0 $0
Professor Idowu A Olayinka Director 1.00
Director
$0 $0 $0
Mr Tony Oyakhire Director 1.00
Director
$0 $0 $0
Mrs Iyabode Attah Director 1.00
Director
$0 $0 $0
Dr Ikedinobi Eni Director 1.00
Director
$0 $0 $0
Mrs Titi Olujobi Director 1.00
Director
$0 $0 $0
Mr Victor D Ogunmola President 2.00
Officer
$0 $0 $0
Olufemi N Fajolu Secretary 1.00
Officer
$0 $0 $0
Dr Olukunle Ojeleye Vice President Operations 1.00
Officer
$0 $0 $0
Mr Oluseyi Aaayi Vice President Finance 1.00
Officer
$0 $0 $0
Dr Olufemi E Akanbi VP Talent Development and Mentoring 1.00
Officer
$0 $0 $0
Mrs Oluwatoyin Adebisi VP Fund Raising and Treasurer 1.00
Officer
$0 $0 $0
Mrs Joy Mbadugha VP External Relations 1.00
Officer
$0 $0 $0
Mrs Beatrice O Ogunmola Vice President 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
2023 $32,929 $21,755 $66,162 $11,174
2022 $63,362 $26,338 $54,988 $37,024
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