THE EMILY VICTORIA SOLEK MEMORIAL SCHOLARSHIP FUND (EIN 851540121) - 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

2020

Legal Domicile

Principal Officer

Amy Solek

Phone

2484599644

Tax Period

2020-06-01 to 2020-12-31

THE EMILY VICTORIA SOLEK MEMORIAL SCHOLARSHIP FUND, founded in 2020, is a small nonprofit in the Education sector that reported $261K in total revenue in fiscal year 2020. The organization ran a surplus of $152K, a strong 58% operating margin.

Mission

THE EMILY VICTORIA SOLEK MEMORIAL SCHOLARSHIP FUND provides assistance for higher education to a graduate of Stoney Creek High School, Rochester Hills, Michigan. On an annual basis, a student pursuing a college degree will be awarded financial assistance, for their higher education expenses. Qualifications will be based on character and academic achievement. Financial need may also be a consideration. The fund is organized exclusively for educational purposes, including but not limited to, the making of distributions to organizations that qualify as exempt organizations under section 501(c)(3) of the Internal Revenue Code, or corresponding section(s) of any future federal tax code. This fund created an endowment with the Rochester Community Schools Foundation (TIN 38-3269615) who is responsible for administering the application and selection process for the scholarship recipient each year.

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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 (2020)

Revenue Breakdown

Contributions & Grants $261,375

Program Service Revenue $0

Investment Income $38

Other Revenue $0

TOTAL REVENUE $261,413

Expense Breakdown

Grants Paid $100,000

Salaries & Benefits $0

Fundraising Expenses $7,638

Program Expenses $101,497

Other Expenses $9,135

TOTAL EXPENSES $109,135

Year-over-Year Comparison

	2020	2019	Change
Revenue	$261,413	N/A	N/A
Expenses	$109,135	N/A	N/A
Net Income	$152,278	$0	N/A

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
Brent Solek	President and Director	0.25	Officer Director	$0	$0	$0
Amy Solek	Secretary, Treasurer, and Director	4	Officer Director	$0	$0	$0
Courtney Solek	Director	0.25	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
2020	$261,413	$109,135	$152,278	$152,278

THE EMILY VICTORIA SOLEK MEMORIAL SCHOLARSHIP FUND