PIPING ROCK SCHOLARSHIP FUND INC (EIN 933740075) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2023

Legal Domicile

Principal Officer

JOHNSTON L EVANS

Phone

5164709695

Tax Period

2024-01-01 to 2024-12-31

PIPING ROCK SCHOLARSHIP FUND INC, founded in 2023, is a small nonprofit in the Education sector that reported $264K in total revenue in fiscal year 2024. Revenue fell 75% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $192K, a strong 73% operating margin.

Mission

ESTABLISHED AS A SCHOLARSHIP PROGRAM FOR PIPING ROCK CLUB EMPLOYEES, CHILDREN AND GRANDCHILDERN OF EMPLOYEES AND SERVICE CONTRACT INDIVIDUALS IN NEED OF FINANCIALS SUPPORT IN PURSUING THEIR EDUCTIONAL GOALS. THE FUND MAY ALSO PROVIDE FINANCIAL ASSISTANCE TO EMPLOYEE AND SERVICE CONTRACT INDIVIDUALS IN NEED OF EXCEPTIONAL HARDSHIP ASSISTANCE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $219,006

Program Service Revenue $0

Investment Income $45,385

Other Revenue $0

TOTAL REVENUE $264,391

Expense Breakdown

Grants Paid $55,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $55,500

Other Expenses $16,429

TOTAL EXPENSES $71,929

Year-over-Year Comparison

	2024	2023	Change
Revenue	$264,391	$1,073,600	-0.8%
Expenses	$71,929	$58,653	+0.2%
Net Income	$192,462	$1,014,947	-0.8%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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
JOHNSTON L EVANS	CHAIRMAN	2.00	Officer Director	$0	$0	$0
JAMES URRY	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
JESSE DOUGHERTY	SECRETARY	2.00	Officer Director	$0	$0	$0
JOHN NOESEN	TREASURER	2.00	Officer Director	$0	$0	$0
ELIZABETH REMSEN	DIRECTOR	2.00	Director	$0	$0	$0
MARGOT R MCGINNESS	DIRECTOR	2.00	Director	$0	$0	$0
ANN D CONWAY	DIRECTOR	2.00	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	$264,391	$71,929	$1,215,783	$192,462
2023	$1,073,600	$58,653	$1,021,947	$1,014,947

PIPING ROCK SCHOLARSHIP FUND INC