MINERVA SCHOLARSHIP FUND

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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

1991

Legal Domicile

Principal Officer

Julie Offner

Phone

2535146338

Tax Period

2023-01-01 to 2023-12-31

MINERVA SCHOLARSHIP FUND, founded in 1991, is a micro nonprofit in the Unknown sector that reported $40K in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $61K exceeded revenue, resulting in a 53% operating deficit.

Mission

To provide academic scholarships to women needing financial assistance towards advanced degrees or post high school vocational programs.

Program Service Accomplishments

Program 1

Expenses: $59,912 Revenue: $18,928

Provided grants to ten applicants needing financial assistance towards advanced degrees or post high school vocational programs.

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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 $18,929

Program Service Revenue $0

Investment Income $20,729

Other Revenue $0

TOTAL REVENUE $39,658

Expense Breakdown

Grants Paid $56,549

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $59,912

Other Expenses $4,011

TOTAL EXPENSES $60,560

Year-over-Year Comparison

	2023	2022	Change
Revenue	$39,658	$54,153	-0.3%
Expenses	$60,560	$54,130	+0.1%
Net Income	$-20,902	$23	-909.8%

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
Julie Offner	President	10	Officer Director	$0	$0	$0
Linda Strand	Vice President	10	Officer Director	$0	$0	$0
Marcia Harris	Treasurer	10	Officer 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	$39,658	$60,560	$598,194	$-20,902
2022	$54,153	$54,130	$524,087	$23
2021	$125,253	$49,039	$523,355	$76,214