MONTGOMERY COUNTY SCHOLARSHIPS 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

JED SILVERSMITH

Phone

2152538511

Tax Period

2024-01-01 to 2024-12-31

MONTGOMERY COUNTY SCHOLARSHIPS INC, founded in 2021, is a community nonprofit in the Education sector that reported $3.8M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $3.6M left a modest 4% surplus.

Mission

MONTGOMERY COUNTY SCHOLARSHIPS, INC. IS A NON PROFIT SET UP TO ALLOW INDIVIDUALS WHO RECEIVE TAX CREDITS UNDER THE STATE OF PENNSYLVANIA'S EITC TAX CREDIT PROGRAM TO USE THOSE CREDITS TO PROVIDE FUNDING TO SELECTED, ELIGIBLE, EDUCATION INSTITUTIONS.

Program Service Accomplishments

Program 1

Expenses: $3,273,820

MONTGOMERY COUNTY SCHOLARSHIPS, INC. IS A NON PROFIT SET UP TO ALLOW INDIVIDUALS WHO RECEIVE TAX CREDITS UNDER THE STATE OF PENNSYLVANIA'S EITC TAX CREDIT PROGRAM TO USE THOSE CREDITS TO PROVIDE...

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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 $3,721,131

Program Service Revenue $0

Investment Income $29,178

Other Revenue $0

TOTAL REVENUE $3,750,309

Expense Breakdown

Grants Paid $3,273,820

Salaries & Benefits $266,054

Fundraising Expenses $0

Program Expenses $3,273,820

Other Expenses $48,330

TOTAL EXPENSES $3,588,204

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,750,309	$3,417,991	+0.1%
Expenses	$3,588,204	$20,336	+175.4%
Net Income	$162,105	$3,397,655	-1.0%

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

$248,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JED SILVERSMITH	Director	20.00	Director	$162,750	$0	$162,750
TODD UNGER	Director	10.00	Director	$85,250	$0	$85,250
MITCH BOBER	Trustee	0.00	Officer	$0	$0	$0
JARET GRONCZEWSKI	Trustee	0.00	Officer	$0	$0	$0
STEPHEN PIEKLIK	Trustee	0.00	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
2024	$3,750,309	$3,588,204	$3,576,852	$162,105
2023	$3,417,991	$20,336	$3,412,733	$3,397,655