Jefferies Family Scholarship

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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

1981

Legal Domicile

Principal Officer

Richard Garrison

Phone

2127076477

Tax Period

2023-07-01 to 2024-06-30

Jefferies Family Scholarship, founded in 1981, is a small nonprofit that reported $327K in total revenue in fiscal year 2023. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $909K exceeded revenue, resulting in a 178% operating deficit.

Mission

The Jefferies Family Scholarship provides both meritorious recognition and monetary assistance for the education of children of Jefferies Financial Group Inc. employees. Significant scholarships go to the most worthy students with financial need who have demonstrated a passion and commitment to attaining their full potential, through academic achievement or perseverance in the face of adversity. The program also presents the Jefferies Award of Merit to those without financial need who have demonstrated the same qualities.

Program Service Accomplishments

Program 1

Expenses: $749,115

The purpose of the program is to award educational financial assistance to the children of the employees of Jefferies Financial Group Inc. 65 scholarships were awarded during the fiscal year ended...

The purpose of the program is to award educational financial assistance to the children of the employees of Jefferies Financial Group Inc. 65 scholarships were awarded during the fiscal year ended June 30, 2024.

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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 $96,154

Program Service Revenue $0

Investment Income $230,561

Other Revenue $0

TOTAL REVENUE $326,715

Expense Breakdown

Grants Paid $749,115

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $749,115

Other Expenses $160,218

TOTAL EXPENSES $909,333

Year-over-Year Comparison

	2023	2022	Change
Revenue	$326,715	$984,974	-0.7%
Expenses	$909,333	$724,624	+0.3%
Net Income	$-582,618	$260,350	-3.2%

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

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
Chanel Brewster	Director	1.00	Director	$0	$0	$0
Mark Sahler	Director	1.00	Director	$0	$0	$0
Jason Schechter	Director	1.00	Director	$0	$0	$0
Jeffrey Agnew	Co-Chairman	3.00	Officer Director	$0	$0	$0
Chris Kanoff	Co-Chairman	1.00	Officer Director	$0	$0	$0
Larry Dunn	Investment Chair	1.00	Officer Director	$0	$0	$0
Carrera Jefferies Shea	Secretary	1.00	Officer Director	$0	$0	$0
Richard Garrison	Treasurer	4.00	Officer Director	$0	$0	$0
Mo Ahmed	Director	1.00	Director	$0	$0	$0
Julia Dworkin	Director	1.00	Director	$0	$0	$0
Paul Gray	Director	1.00	Director	$0	$0	$0
Zachary Goldberg	Director	1.00	Director	$0	$0	$0
Chase Upshaw	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	$326,715	$909,333	$12,435,974	$-582,618
2023	$984,974	$724,624	$11,887,555	$260,350
2022	$843,027	$584,198	$11,492,094	$258,829
2021	$831,242	$589,470	$12,874,716	$241,772
2020	$741,669	$531,445	$10,875,129	$210,224
2019	$562,154	$510,934	$10,823,469	$51,220