COLUMBUS OPPORTUNITY SCHOLARSHIP FUND

EIN: 881952902 501(c)(3) Education

COLUMBUS, OH

Total Revenue
$245,372
Total Expenses
$348,123
Total Assets
$95,793
Net Assets
$95,793
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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
OH
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

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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%)

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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

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Governance

Voting Members
3
Independent Members
3
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
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
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