WILLIAM BERNARD DUDLEY MEMORIAL SC… - Form 990 Financial Data

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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

2023

Legal Domicile

Principal Officer

VICTOR THOMAS

Tax Period

2024-01-18 to 2024-09-30

WILLIAM BERNARD DUDLEY MEMORIAL SCHOLARSHIP FUND, founded in 2023, is a micro nonprofit in the Education sector that reported $85K in total revenue in fiscal year 2023. Expenses of $241K exceeded revenue, resulting in a 184% operating deficit.

Mission

TO SUPPORT MEMBERS OF INTERNATIONAL LONGSHOREMENS ASSOCIATION LOCAL 1233 AND TO PROMOTE HIGHER EDUCATION BY OFFSETTING TUITION COSTS FOR FAMILIES OF MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $241,034 Revenue: $84,780

THE ORGANIZATION HELPED 31 MEMBERS PAY HIGHER EDUCATION COSTS FOR THEIR FAMILIES.

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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 $84,780

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $84,780

Expense Breakdown

Grants Paid $55,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $241,034

Other Expenses $186,034

TOTAL EXPENSES $241,034

Year-over-Year Comparison

	2023	2022	Change
Revenue	$84,780	N/A	N/A
Expenses	$241,034	N/A	N/A
Net Income	$-156,254	N/A	N/A

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

N/A

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

$613,824

Total Directors

$1,061,869

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HERBERT HALL	BUSINESS AGENT	1.00	Director	$0	$0	$448,045
CLIFTON SMITH	PRESIDENT	1.00	Officer Director	$0	$0	$339,824
VICTOR THOMAS	SECRETARY-TREASURER	1.00	Officer Director	$0	$0	$274,000

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	$84,780	$241,034	$25,255	$-156,254

WILLIAM BERNARD DUDLEY MEMORIAL SCHOLARSHIP FUND