SCHOLARSHIP FOUNDATION OF NORTHSHO… - 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

1984

Legal Domicile

Principal Officer

MELISSA ARIAS

Phone

2068908346

Tax Period

2023-01-01 to 2023-12-31

SCHOLARSHIP FOUNDATION OF NORTHSHORE, founded in 1984, is a small nonprofit that reported $393K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $458K exceeded revenue, resulting in a 17% operating deficit.

Mission

HIGH SCHOOL GRADUATE SCHOLARSHIPS

Program Service Accomplishments

Program 1

Expenses: $369,500

HIGH SCHOOL SCHOLARSHIPS-GRANTS TO INDIVIDUALS GRADUATING FROM LOCAL HIGH SCHOOLS.CANDIDATES ARE INTERVIEWED SEPARATELY FOR EACH SCHOLARSHIP AND SELECTED BY AN INDEPENDENT GROUP OF VOLUNTEERS AND...

HIGH SCHOOL SCHOLARSHIPS-GRANTS TO INDIVIDUALS GRADUATING FROM LOCAL HIGH SCHOOLS.CANDIDATES ARE INTERVIEWED SEPARATELY FOR EACH SCHOLARSHIP AND SELECTED BY AN INDEPENDENT GROUP OF VOLUNTEERS AND EDUCATION ADMINISTRATORS WHO ARE RESPONSIBLE FOR THE ELIGIBILITY AND CRITERIA OF EACH SCHOLARSHIP.

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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 (2023)

Revenue Breakdown

Contributions & Grants $460,371

Program Service Revenue $0

Investment Income $14,294

Other Revenue $-81,652

TOTAL REVENUE $393,013

Expense Breakdown

Grants Paid $0

Salaries & Benefits $47,033

Fundraising Expenses $0

Program Expenses $369,500

Other Expenses $410,942

TOTAL EXPENSES $457,975

Year-over-Year Comparison

	2023	2022	Change
Revenue	$393,013	$434,192	-0.1%
Expenses	$457,975	$500,808	-0.1%
Net Income	$-64,962	$-66,616	0.0%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC GREENWOOD	Vice President	1.00	Officer Director	$0	$0	$0
MELISSA ARIAS	President	1.00	Officer Director	$0	$0	$0
NATHANIEL GIBBS	Director	1.00	Director	$0	$0	$0
DOUG MOORE	Director	1.00	Director	$0	$0	$0
HOLLY CALL	Director	1.00	Director	$0	$0	$0
B Z DAVIS	Secretary	1.00	Officer Director	$0	$0	$0
SCOTT NEWTON	Director	1.00	Director	$0	$0	$0
VICKI PUCKETT	Director	1.00	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	No data	No data	No data	No data
2023	$393,013	$457,975	$1,711,789	$-64,962
2022	$433,009	$500,808	$1,583,621	$-67,799
2021	$577,325	$396,435	$1,821,547	$180,890
2020	$496,392	$343,704	$1,698,859	$152,688
2019	$240,273	$342,212	$1,487,090	$-101,939
2018	$304,762	$266,897	$1,413,056	$37,865

SCHOLARSHIP FOUNDATION OF NORTHSHORE