COLUMBUS OPPORTUNITY SCHOLARSHIP F… - 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

2022

Legal Domicile

Principal Officer

ANDY STEINMAN

Phone

6142910885

Tax Period

2024-01-01 to 2024-12-31

COLUMBUS OPPORTUNITY SCHOLARSHIP FUND, founded in 2022, is a small nonprofit in the Education sector that reported $245K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $348K exceeded revenue, resulting in a 42% operating deficit.

Mission

TO OPERATE PRIMARILY BY AWARDING ACADEMIC SCHOLARSHIPS FOR PRIMARY AND SECONDARY SCHOOL STUDENTS; AND TO PRIORITIZE ITS SCHOLARSHIP AWARDS TO LOW-INCOME PRIMARY AND SECONDARDY SCHOOL STUDENTS

Program Service Accomplishments

Program 1

Expenses: $348,123

THE COLUMBUS OPPORTUNITY SCHOLARSHIP FUND GRANTED SCHOLARSHIPS TO STUDENTS AT HARAMBEE CHRISTIAN SCHOOL AND AKILI CHRISTIAN HIGH SCHOOL IN 2024. THESE SCHOOLS WORK HARD TO PROVIDE HIGH-QUALITY...

THE COLUMBUS OPPORTUNITY SCHOLARSHIP FUND GRANTED SCHOLARSHIPS TO STUDENTS AT HARAMBEE CHRISTIAN SCHOOL AND AKILI CHRISTIAN HIGH SCHOOL IN 2024. THESE SCHOOLS WORK HARD TO PROVIDE HIGH-QUALITY EDUCATION TO STUDENTS IN A CHRIST-CENTERED COMMUNITY.

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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 $245,372

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $245,372

Expense Breakdown

Grants Paid $344,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $348,123

Other Expenses $4,123

TOTAL EXPENSES $348,123

Year-over-Year Comparison

	2024	2023	Change
Revenue	$245,372	$283,530	-0.1%
Expenses	$348,123	$168,540	+1.1%
Net Income	$-102,751	$114,990	-1.9%

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
VINCE ALGER	TRUSTEE	1.25	Director	$0	$0	$0
GREG GORDON	TRUSTEE	1.25	Director	$0	$0	$0
ANDY STEINMAN	BOARDCHAIR	1.25	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	$245,372	$348,123	$95,793	$-102,751
2023	$283,530	$168,540	$198,615	$114,990

COLUMBUS OPPORTUNITY SCHOLARSHIP FUND