NORTHERN AZ CHRISTIAN SCHOOL SCHOLARSHIP FUND (EIN 860455630) - 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

1983

Legal Domicile

Principal Officer

LAURA IHRMAN

Phone

9286492877

Tax Period

2022-07-01 to 2023-06-30

NORTHERN AZ CHRISTIAN SCHOOL SCHOLARSHIP FUND, founded in 1983, is a small nonprofit that reported $943K in total revenue in fiscal year 2022. Expenses of $868K left a modest 8% surplus.

Mission

ORGANIZATIONS MISSION - THE ORGANIZATION IS A SCHOOL TUITION ORGANIZATION AS DEFINED IN ARIZONA REVISED STATUTE 43-1089, FOR THE THE PURPOSE OF PROVIDING SCHOLARSHIPS AND GRANTS TO ELIGIBLE CHILDREN IN KINDERGARTEN THROUGH GRADE 12 WHO ATTEND ANY QUALIFIED SCHOOL IN ARIZONA. UNDER ARIZONA LAW, DONORS ARE ALLOWED A STATE TAX CREDIT FOR THEIR CONTRIBUTIONS WITHIN CERTAIN LIMITS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $943,217

Program Service Revenue $0

Investment Income $151

Other Revenue $0

TOTAL REVENUE $943,368

Expense Breakdown

Grants Paid $815,841

Salaries & Benefits $0

Fundraising Expenses $17,638

Program Expenses $815,841

Other Expenses $52,040

TOTAL EXPENSES $867,881

Year-over-Year Comparison

	2022	2021	Change
Revenue	$943,368	$991,827	0.0%
Expenses	$867,881	$942,315	-0.1%
Net Income	$75,487	$49,512	+0.5%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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
KRISTA FRUCHEY	DIRECTOR	001.00	Director	$0	$0	$0
LAURA IHRMAN	PRESIDENT	001.00	Officer	$0	$0	$0
SANDI CAIN	SECRETARY	001.00	Officer	$0	$0	$0
ALLISON FOWLER	TREASURER	001.00	Officer	$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
2023	$943,368	$867,881	$1,464,869	$75,487
2022	$991,827	$942,315	$1,389,380	$49,512
2021	$1,013,806	$844,230	$1,339,868	$169,576
2020	$862,972	$690,754	$1,170,292	$172,218
2019	$894,450	$877,101	$998,074	$17,349
2018	$886,809	$915,393	$980,725	$-28,584

NORTHERN AZ CHRISTIAN SCHOOL SCHOLARSHIP FUND