Albert D Hermance Scholarship Tr
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Albert D Hermance Scholarship Tr is a 501(c)(3) organization based in Buffalo, New York, registered in 1991, with $86,459 in FY2024 revenue. CharityIndex grades it C+.
Po Box 1504, Buffalo, NY, 14240 EIN 23-7678037 Since 1991
Revenue (FY2024)
$86K
▲ 67.6% vs prior year
Expenses (FY2024)
$83K
Net assets
$1.2M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Albert D Hermance Scholarship Tr— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating173 mo reserves · +4% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Albert D Hermance Scholarship Tr: 173 mo reserves · +4% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Albert D Hermance Scholarship Tr— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Albert D Hermance Scholarship Tr: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue declined from $190K (FY2020) to $86K (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $1.2M
Operating margin
4.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.2M
Total liabilities
$0
Net assets
$1.2M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $86,459▲67.6% | $82,661▼13.7% | $1,192,703▲0.9% | $1,192,703▲0.9% | 990PF |
| 2023 | $51,601▼19.7% | $95,777▼10.0% | $1,182,587▼2.2% | $1,182,587▼2.2% | 990PF |
| 2022 | $64,297▼46.5% | $106,428▲2.9% | $1,208,691▼1.9% | $1,208,691▼1.9% | 990PF |
| 2021 | $120,086▼36.8% | $103,382▲51.1% | $1,232,452▲1.4% | $1,232,452▲1.4% | 990PF |
| 2020 | $189,961 | $68,434 | $1,215,941 | $1,215,941 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Albert D Hermance Scholarship Tr a legitimate nonprofit?
- Yes. Albert D Hermance Scholarship Tr is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-7678037, based in Buffalo, New York. Donations are tax-deductible.
- What is Albert D Hermance Scholarship Tr's EIN?
- Albert D Hermance Scholarship Tr's Employer Identification Number (EIN) is 23-7678037.
- How much revenue does Albert D Hermance Scholarship Tr report?
- Albert D Hermance Scholarship Tr reported $86,459 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Albert D Hermance Scholarship Tr have?
- CharityIndex grades Albert D Hermance Scholarship Tr C+, based on financial health (reserves and operating margin).
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Data for Albert D Hermance Scholarship Tr (EIN 23-7678037) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.