North Mason Scholarship Foundation (EIN 912026512) - Form 990 Financial Analysis & Trantor Score

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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

2013

Legal Domicile

Principal Officer

Art Wightman

Phone

5645460502

Tax Period

2023-01-01 to 2023-12-31

North Mason Scholarship Foundation, founded in 2013, is a small nonprofit that reported $275K in total revenue in fiscal year 2023. Revenue surged 205% from the prior year, signaling strong growth momentum. The organization ran a surplus of $155K, a strong 57% operating margin.

Mission

Scholarships for North Mason 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $56,673

Program Service Revenue $0

Investment Income $218,073

Other Revenue $0

TOTAL REVENUE $274,746

Expense Breakdown

Grants Paid $109,639

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $109,639

Other Expenses $9,766

TOTAL EXPENSES $119,405

Year-over-Year Comparison

	2023	2022	Change
Revenue	$274,746	$90,070	+2.1%
Expenses	$119,405	$106,027	+0.1%
Net Income	$155,341	$-15,957	-10.7%

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
Mendy Harlow	President	0.25	Director	$0	$0	$0
Ron Sagerson	Finance Oversight	0.10	Director	$0	$0	$0
Laura Overton	Board Member	0.00	Director	$0	$0	$0
Leslie Nuttman	Board Member	0.00	Director	$0	$0	$0
Cliff Huenergard	Board Member	0.00	Director	$0	$0	$0
Dana Rosenbach	Board Member	0.00	Director	$0	$0	$0
Steve Abels	Board Member	0.00	Director	$0	$0	$0
Thomas Mosby	Board Member	0.00	Director	$0	$0	$0
Don LePere	Board Member	0.00	Director	$0	$0	$0
Joan Moore	Board Member	0.00	Director	$0	$0	$0
Jim Porter	Vice President	0.00	Director	$0	$0	$0
Jean Farmer	Board Member	0.00	Director	$0	$0	$0
Laura Boad	Secretary	0.25	Officer	$0	$0	$0
Art Wightman	Treasurer	1.00	Officer	$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	$274,746	$119,405	$1,678,830	$155,341
2022	$90,070	$106,027	$1,523,491	$-15,957
2021	$195,834	$114,682	$1,747,208	$81,152
2020	$106,728	$79,090	$1,523,194	$27,638
2019	$106,490	$107,537	$1,423,864	$-1,047
2018	$99,236	$102,709	$1,281,612	$-3,473

North Mason Scholarship Foundation