LONNY WADE MEMORIAL SCHOLARSHIP CORPORATION

EIN: 874617646

WASHINGTON, VT

Total Revenue
$14,313
Total Expenses
$10,923
Total Assets
$13,760
Net Assets
$13,760
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
VT
Phone
8024313811
Tax Period
2024-01-01 to 2024-12-31

LONNY WADE MEMORIAL SCHOLARSHIP CORPORATION, founded in 2022, is a micro nonprofit that reported $14K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3K, a strong 24% operating margin.

Mission

THIS IS AN ORGANIZATION CREATED FOR THE PURPOSE OF PROMOTING SOCIAL WELFARE

Program Service Accomplishments

Program 1
Expenses: $3,422 Revenue: $14,313

THE LONNY WADE MEMORIAL SCHOLARSHIP RAISES MONEY TO PROVIDE SCHOLARSHIPS FOR YOUNG MEN AND WOMAN TO ATTEND TRADE SCHOOLS

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $14,313
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $14,313

Expense Breakdown

Grants Paid $7,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,422
Other Expenses $3,423
TOTAL EXPENSES $10,923

Year-over-Year Comparison

2024 2023 Change
Revenue $14,313 $11,533 +0.2%
Expenses $10,923 $13,408 -0.2%
Net Income $3,390 $-1,875 -2.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
N/A
Independent Members
N/A
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CINDY WADE DIRECTOR 2.00
Director
$0 $0 $0
LINDSEY CONTOIS DIRECTOR 2.00
Director
$0 $0 $0
SANDRA SCHMITT DIRECTOR 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
2024 $14,313 $10,923 $13,760 $3,390
2023 $11,533 $13,408 $10,370 $-1,875
2022 $20,447 $8,202 $12,245 $12,245
Explore More Nonprofits
→Top 100 Nonprofits in Vermont →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare LONNY WADE MEMORIAL SCHOLARSHIP CORPORATION with other nonprofits in Vermont and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.