SILVER STATE SCHOLARSHIPS (EIN 873210298) - 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

2022

Legal Domicile

Principal Officer

MICHELE MORGAN-DEVORE

Phone

7025214000

Tax Period

2024-01-01 to 2024-12-31

SILVER STATE SCHOLARSHIPS, founded in 2022, is a small nonprofit in the Education sector that reported $888K in total revenue in fiscal year 2024. Revenue surged 1280% from the prior year, signaling strong growth momentum. Expenses of $767K left a modest 14% surplus.

Mission

TO INSPIRE BREAKTHROUGHS IN THE WAY UNDERPRIVILEDGED CHILDREN ARE EDUCATED ACHIEVING IMMEDIATE AND LASTING CHANGE IN THEIR LIVES. TO MAKE A MEANINGFUL DIFFERENCE IN THE LIVES OF THOSE DISADVANTAGED, INCLUDING ANIMALS AND HUMANS ALIKE.

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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 $812,266

Program Service Revenue $5,580

Investment Income $69,866

Other Revenue $0

TOTAL REVENUE $887,712

Expense Breakdown

Grants Paid $639,022

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $766,577

Other Expenses $127,555

TOTAL EXPENSES $766,577

Year-over-Year Comparison

	2024	2023	Change
Revenue	$887,712	$64,333	+12.8%
Expenses	$766,577	$1,377,858	-0.4%
Net Income	$121,135	$-1,313,525	-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

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
MICHELE MORGAN-DEVORE	VICE PRESIDE	20.00	Officer Director	$0	$0	$0
PHILLIP R DEVORE	TREASURER	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
2024	$887,712	$766,577	$1,883,672	$121,135
2023	$64,333	$1,377,858	$1,813,158	$-1,313,525
2022	$3,592,988	$585,057	$3,076,683	$3,007,931

SILVER STATE SCHOLARSHIPS