CHICAGO SCHOLARSHIP FUND INC

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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

2021

Legal Domicile

Principal Officer

MONA E EDWARDS

Phone

3122588300

Tax Period

2021-02-25 to 2021-12-31

CHICAGO SCHOLARSHIP FUND INC, founded in 2021, is a community nonprofit that reported $5.2M in total revenue in fiscal year 2021.

Mission

OUR MISSION IS TO HELP CULTIVATE SHARP MINDS, ENGAGE, AND GUIDE STUDENTS TOWARDS CONTINUED LEARNING, FUTURE EMPLOYMENT, PERSONAL ACHIEVEMENT, AND OVERALL SUCCESS. WE ARE HOPEFUL THAT THROUGH OUR FINANCIAL SUPPORT AND GUIDANCE, WE WILL BE ABLE TO HELP STUDENTS BRING THEIR VISION FOR A SUCCESSFUL PATH TO THE FUTURE.

Program Service Accomplishments

Program 1

Expenses: $5,200,805 Revenue: $0

TO ASSIST AND PROVIDE GRADUATING HIGH SCHOOL STUDENTS, IN THE GREATER CHICAGOLAND AREA, WITH A RENEWABLE 4-YEAR ACADEMIC SCHOLARSHIP TO A COLLEGE, UNIVERSITY, OR TRADE SCHOOL LOCATED IN ILLINOIS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $5,200,000

Program Service Revenue $0

Investment Income $805

Other Revenue $0

TOTAL REVENUE $5,200,805

Expense Breakdown

Grants Paid $5,166,807

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,200,805

Other Expenses $33,998

TOTAL EXPENSES $5,200,805

Year-over-Year Comparison

	2021	2020	Change
Revenue	$5,200,805	N/A	N/A
Expenses	$5,200,805	N/A	N/A
Net Income	$0	N/A	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

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
MONA E EDWARDS	PRESIDENT	1.00	Officer Director	$0	$0	$0
WILL EDWARDS	EXECUTIVE VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SCOTT MARINAU	TREASURER	1.00	Officer Director	$0	$0	$0
JOSE PAZ	SECRETARY	1.00	Officer Director	$0	$0	$0
THEODORE KOENIG	DIRECTOR	1.00	Director	$0	$0	$0
NANCY KOENIG	DIRECTOR	1.00	Director	$0	$0	$0
STEVE PEMBERTON	DIRECTOR	1.00	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
2021	$5,200,805	$5,200,805	No data	No data