TOLLAND HIGH SCHOOL SCHOLARSHIP FU… - Form 990 Financial Data

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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

2020

Legal Domicile

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

SCHOLARSHIPS TO BE PROVIDED TO TOLLAND HIGH SCHOOL GRADUATING SENIOR CLASS STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $100,874

SCHOLARSHIPS TO BE PROVIDED TO TOLLAND HIGH SCHOOL GRADUATING SENIOR CLASS 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 (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

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
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

TOLLAND HIGH SCHOOL SCHOLARSHIP FUND INC