CHARTER OAK COMMUNITY SCHOLARSHIP FOUNDATION (EIN 986008249) - 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

1970

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

CHARTER OAK COMMUNITY SCHOLARSHIP FOUNDATION, founded in 1970, is a micro nonprofit in the Education sector that reported $36K in total revenue in fiscal year 2023. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $66K exceeded revenue, resulting in a 85% operating deficit.

Mission

TO AWARD SCHOLARSHIPS TO WORTHY GRADUATING STUDENTS WHO ATTENDED SCHOOLS ADMINISTERED BY THE CHARTER OAK UNIFIED SCHOOL DISTRICT AND TO ADULT RESIDENTS OF THE COMMUNITY.

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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 $29,022

Program Service Revenue $0

Investment Income $6,693

Other Revenue $0

TOTAL REVENUE $35,715

Expense Breakdown

Grants Paid $38,300

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $66,105

Other Expenses $27,805

TOTAL EXPENSES $66,105

Year-over-Year Comparison

	2023	2022	Change
Revenue	$35,715	$164,065	-0.8%
Expenses	$66,105	$54,445	+0.2%
Net Income	$-30,390	$109,620	-1.3%

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
DINA MCGHGHY	1ST VICE PRESIDENT	15.00	Officer	$0	$0	$0
JOYCE STRICKLAND	SECRETARY	10.00	Officer	$0	$0	$0
MARSHA STOUDT	MEMBER AT LARGE	10.00	Officer	$0	$0	$0
CHRISTINE OLIVAS	TREASURER	15.00	Officer	$0	$0	$0
PATRICIA FOY	1ST VP	10.00	Officer	$0	$0	$0
WENDY WALLIN	PRESIDENT	20.00	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	$35,715	$66,105	$1,168,368	$-30,390
2022	$164,065	$54,445	$1,198,758	$109,620
2021	$109,587	$54,891	$1,108,412	$54,696
2020	$75,534	$58,209	$1,061,966	$17,325

CHARTER OAK COMMUNITY SCHOLARSHIP FOUNDATION