FINANCIAL SCHOLARS INC

EIN: 854254020 501(c)(3) Education

PHILADELHIA, PA

Total Revenue
$1,102,628
Total Expenses
$617,745
Total Assets
$795,632
Net Assets
$717,214
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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
PA
Principal Officer
KERRY WOODWARD
Tax Period
2023-07-01 to 2024-06-30

FINANCIAL SCHOLARS INC, founded in 2020, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 90% from the prior year, signaling strong growth momentum. The organization ran a surplus of $485K, a strong 44% operating margin.

Mission

CREATE A HIGH SCHOOL FINANCIAL LITERACY PROGRAM TO COMBAT POVERTY AND WEALTH INEQUALITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,089,710
Program Service Revenue $0
Investment Income $0
Other Revenue $12,918
TOTAL REVENUE $1,102,628

Expense Breakdown

Grants Paid $0
Salaries & Benefits $466,999
Fundraising Expenses $56,377
Program Expenses $482,149
Other Expenses $150,746
TOTAL EXPENSES $617,745

Year-over-Year Comparison

2023 2022 Change
Revenue $1,102,628 $579,823 +0.9%
Expenses $617,745 $472,700 +0.3%
Net Income $484,883 $107,123 +3.5%
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
20
Independent Members
20
Employees
2
Volunteers
166

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
0
$0
Total Directors
1
$0
Key Employees
1
$207,236
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KERRY WOODWARD EXECUTIVE DI 40.00
Key Emp
$193,196 $14,040 $207,236
SEE ATTACHED BOARD MEMBERS LISTING BOARD LIST A N/A
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 No data No data No data No data
2024 $1,102,628 $617,745 $795,632 $484,883
2023 $579,823 $472,700 $254,005 $107,123
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