FIDM SCHOLARSHIP FOUNDATION INC (EIN 953315548) - 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

1978

Legal Domicile

Principal Officer

TONIAN HOHBERG

Phone

2136241200

Tax Period

2023-09-01 to 2024-08-31

FIDM SCHOLARSHIP FOUNDATION INC, founded in 1978, is a micro nonprofit that reported $30K in total revenue in fiscal year 2023. Revenue fell 103% from the prior year — a significant decline worth monitoring.

Mission

TO IDENTIFY AND ASSIST QUALIFIED STUDENTS IN DEFRAYING COLLEGE TUITION COSTS

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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 $0

Program Service Revenue $0

Investment Income $-25,300

Other Revenue $-5,030

TOTAL REVENUE $-30,330

Expense Breakdown

Grants Paid $42,336

Salaries & Benefits $8,254

Fundraising Expenses $0

Program Expenses $47,405

Other Expenses $23,889

TOTAL EXPENSES $74,479

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-30,330	$927,021	-1.0%
Expenses	$74,479	$3,911,446	-1.0%
Net Income	$-104,809	$-2,984,425	-1.0%

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

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
TONIAN HOHBERG	PRESIDENT	5.00	Director	$0	$0	$0
ANGELA HAWEKOTTE	VICE PRES/TREAS/DIRECTOR	10.00	Director	$0	$0	$0
BARBARA BUNDY	DIRECTOR	5.00	Director	$0	$0	$0
BELINDA HARDING	DIRECTOR	5.00	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	$-30,330	$74,479	$792,874	$-104,809
2023	$927,021	$3,911,446	$909,027	$-2,984,425
2022	$220,723	$449,230	$3,886,500	$-228,507
2021	$322,130	$478,925	$4,136,897	$-156,795
2020	$486,646	$677,606	$4,283,972	$-190,960
2019	$601,704	$861,492	$4,477,744	$-259,788
2018	$812,612	$778,152	$4,732,864	$34,460

FIDM SCHOLARSHIP FOUNDATION INC