TOLLAND HIGH SCHOOL SCHOLARSHIP FUND INC

EIN: 851285087 501(c)(3) Education

TOLLAND, CT

Total Revenue
$224,189
Total Expenses
$116,956
Total Assets
$1,698,862
Net Assets
$1,698,862
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
CT
Principal Officer
KAREN CARON
Phone
8604024387
Tax Period
2024-10-01 to 2025-09-30

TOLLAND HIGH SCHOOL SCHOLARSHIP FUND INC, founded in 2020, is a small nonprofit in the Education sector that reported $224K in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $107K, a strong 48% operating margin.

Mission

TO PROVIDE FUNDS OR SPECIFIC BEQUESTS TO DESERVING TOWN OF TOLLAND, STATE OF CONNECTICUT, TOLLAND HIGH SCHOOL ("TOLLAND HIGH") SENIOR CLASS MEMBERS FOR THE PURPOSE OF ASSISTING THEM IN PAYING FOR THE COST TO ATTEND A SCHOOL, COLLEGE OR OTHER ACCREDITED LEARNING INSTITUTION UPON GRADUATION FROM TOLLAND HIGH, THEREBY ALLOWING THESE INDIVIDUALS TO FURTHER DEVELOP THEIR POTENTIAL, REACH THEIR GOALS, INCREASE THEIR EARNING POWER, AND ENHANCE THEIR INDEPENDENCE, DIGNITY AND SELF-ESTEEM.

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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 $63,050
Program Service Revenue $0
Investment Income $161,139
Other Revenue $0
TOTAL REVENUE $224,189

Expense Breakdown

Grants Paid $98,300
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $100,874
Other Expenses $18,656
TOTAL EXPENSES $116,956

Year-over-Year Comparison

2024 2023 Change
Revenue $224,189 $163,901 +0.4%
Expenses $116,956 $118,995 0.0%
Net Income $107,233 $44,906 +1.4%
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

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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
9
Independent Members
9
Employees
N/A
Volunteers
20

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
3
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAREN CARON PRESIDENT, TREASURER 2.00
Officer Director
$0 $0 $0
KATIE POWELL VICE PRESIDENT (UNITL MARCH 2025) 1.00
Officer Director
$0 $0 $0
JULIE FLUCKIGER SECRETARY 1.00
Officer Director
$0 $0 $0
MARY-ANN HOKE DIRECTOR 1.00
Director
$0 $0 $0
AIMY MILLER DIRECTOR 1.00
Director
$0 $0 $0
TERESA CAREY DIRECTOR 1.00
Director
$0 $0 $0
MARY-JO BONOFIGLIO DIRECTOR 1.00
Director
$0 $0 $0
AMY RACCAGNI DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER ABRAMO DIRECTOR 1.00
Director
$0 $0 $0
MONA RUBLEWSKI DIRECTOR 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
2025 $224,189 $116,956 $1,698,862 $107,233
2024 $163,901 $118,995 $1,637,420 $44,906
2023 $73,574 $116,192 $1,388,475 $-42,618
2022 $53,674 $108,319 $1,251,927 $-54,645
2021 $1,513,487 $67,430 $1,618,363 $1,446,057
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