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
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

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

THE MISSION OF FINANCIAL SCHOLARS, INC. IS TO COMBAT POVERTY AND WEALTH INEQUALITY IN PHILADELPHIA BY SUPPORTING AND PROVIDING FINANCIAL LITERACY AND ENTREPRENEURSHIP EDUCATION TO PHILADELPHIA HIGH SCHOOL STUDENTS AND THEIR FAMILIES.

Program Service Accomplishments

Program 1
Expenses: $482,149

FINANCIAL SCHOLARS, INC. IMPLEMENTS FOUR INNOVATIVE EDUCATIONAL STRATEGIES TO PROVIDE PHILADELPHIA HIGH SCHOOL STUDENTS AND FAMILIES WITH THE TOOLS NEEDED TO GENERATE GREATER WEALTH AND ACHIEVE...

Read more

FINANCIAL SCHOLARS, INC. IMPLEMENTS FOUR INNOVATIVE EDUCATIONAL STRATEGIES TO PROVIDE PHILADELPHIA HIGH SCHOOL STUDENTS AND FAMILIES WITH THE TOOLS NEEDED TO GENERATE GREATER WEALTH AND ACHIEVE FINANCIAL EMPOWERMENT. THE COMPONENTS OF THE STRATEGY INCLUDE: 1) IN-CLASS PERSONAL FINANCE & ENTREPRENEURSHIP THE CORE OF THE ORGANIZATIONS SERVICES BASED ON A HIGH-QUALITY, STANDARDS-ALIGNED, EVIDENCE-BASED CURRICULUM (NEXTGENPERSONALFINANCE, WHICH HAS BEEN PROVEN SUCCESSFUL AT 1,500 SCHOOLS NATIONWIDE) AND 30 HOURS OF ACT 48-APPROVED PAID PROFESSIONAL DEVELOPMENT FOR PARTICIPATING TEACHERS TO SUPPORT A NEW HIGH SCHOOL ELECTIVE CLASS CALLED PERSONAL FINANCE & ENTREPRENEURSHIP. THIS ASPECT OF OUR PROGRAM IS FULLY INTEGRATED WITH THE INSTRUCTIONAL PROGRAM OF OUR PUBLIC SCHOOL PARTNERS AND YIELDED 61% GROWTH IN PARTICIPATING STUDENTS' FINANCIAL KNOWLEDGE; 2) ENTREPRENEURSHIP AND INVESTING ENRICHMENT PROGRAMS THAT MOBILIZE CORPORATE VOLUNTEERS TO SUPPORT STUDENTS IN SMALL GROUP SETTINGS IN PREPARATION FOR CITYWIDE COMPETITIONS. THIS ASPECT OF OUR PROGRAM IS OFFERED AFTER PUBLIC SCHOOL HOURS AS AN EXTENSION OF THE PUBLIC SCHOOL DAY AND INCLUDED MOBILIZATION OF OVER 166 VOLUNTEERS DURING THE 2023-24 SCHOOL YEAR; 3) SUMMER BUSINESS INCUBATOR AND EXPERIENCESHIP PROGRAMMING THAT AWARDS TOP HIGH SCHOOL STUDENTS WITH A PAID SUMMER EMPLOYMENT OPPORTUNITY AT A UNIVERSITY-HOSTED BUSINESS INCUBATOR OR CORPORATE OFFICE SITE TO DEEPEN THEIR LEARNING. THIS ASPECT OF OUR PROGRAM REPRESENTS A WORK-BASED LEARNING OPPORTUNITIES FOR A STUDENT THAT SUPPLEMENTS THE CURRICULUM AND ACADEMIC PROGRAM OF A STUDENT AND PROVIDES A STUDENT WITH THE OPPORTUNITY TO APPLY THE KNOWLEDGE AND SKILLS LEARNED IN THE ACADEMIC PROGRAM. 4) FINANCIAL EMPOWERMENT WORKSHOPS FOR ADULTS IN SCHOOL COMMUNITIES: PARTICIPANTS COMPLETE SIX HOURS OF FINANCIAL INSTRUCTION, RECEIVING A 250 CONTRIBUTION TOWARD THEIR CHILD'S 529 PLAN IF THEY ATTEND ALL 6 HOUR-LONG SESSIONS. 100% OF SURVEYED PARTICIPANTS SAID THAT THEY WOULD RECOMMEND THE WORKSHOPS TO A FRIEND.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

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
Explore More Nonprofits
Top 100 Nonprofits in Pennsylvania Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare FINANCIAL SCHOLARS INC with other nonprofits in Pennsylvania and across the country.