CHRISTIAN SCHOLARSHIP FUND OF ARIZ… - 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

1998

Legal Domicile

Principal Officer

THOMAS R LAVOIE

Phone

5203220966

Tax Period

2024-07-01 to 2025-06-30

CHRISTIAN SCHOLARSHIP FUND OF ARIZONA, founded in 1998, is a small nonprofit in the Education sector that reported $172K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $27K, a strong 16% operating margin.

Mission

PROVIDE SCHOLARSHIPS TO QUALIFYING STUDENTS AT PRIVATE SCHOOLS.

Program Service Accomplishments

Program 1

Expenses: $125,978

AWARD OF SCHOLARSHIPS TO QUALIFYING STUDENTS ATTENDING PRIVATE SCHOOLS. SCHOLARSHIPS AWARDED BASED ON INDEPENDENT EVALUATION, SCHOOL RECOMMENDATION AND SCHOLARSHIP AWARDS COMMITTEE.

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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 $167,697

Program Service Revenue $0

Investment Income $4,448

Other Revenue $0

TOTAL REVENUE $172,145

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $6,528

Program Expenses $125,978

Other Expenses $145,299

TOTAL EXPENSES $145,299

Year-over-Year Comparison

	2024	2023	Change
Revenue	$172,145	$193,178	-0.1%
Expenses	$145,299	$435,654	-0.7%
Net Income	$26,846	$-242,476	-1.1%

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
THOMAS R LAVOIE	PRESIDENT	2.00	Officer Director	$0	$0	$0
SUSANNE M LAVOIE	MEMBER	2.00	Director	$0	$0	$0
LORI FARLEY	MEMBER	2.00	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	$172,145	$145,299	$519,273	$26,846
2024	$193,178	$435,654	$491,215	$-242,476
2023	$197,600	$241,158	$734,759	$-43,558
2022	$220,915	$278,845	$777,249	$-57,930
2021	$225,308	$151,839	$836,531	$73,469

CHRISTIAN SCHOLARSHIP FUND OF ARIZONA