SCHOLARSHIP FOUNDATION OF NEW ORLEANS

EIN: 721052017 501(c)(3) Education

NEW ORLEANS, LA

Total Revenue
$58,450
Total Expenses
$40,109
Total Assets
$1,202,471
Net Assets
$1,201,871
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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
1992
Legal Domicile
LA
Phone
5044524446
Tax Period
2023-01-01 to 2023-12-31

SCHOLARSHIP FOUNDATION OF NEW ORLEANS, founded in 1992, is a micro nonprofit in the Education sector that reported $58K in total revenue in fiscal year 2023. Revenue fell 65% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $18K, a strong 31% operating margin.

Mission

PROVIDE SCHOLARSHIPS & ENRICHMENT GRANTS TO STUDENTS

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $58,450
Other Revenue $0
TOTAL REVENUE $58,450

Expense Breakdown

Grants Paid $25,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $34,862
Other Expenses $15,109
TOTAL EXPENSES $40,109

Year-over-Year Comparison

2023 2022 Change
Revenue $58,450 $169,025 -0.7%
Expenses $40,109 $48,937 -0.2%
Net Income $18,341 $120,088 -0.8%
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

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Governance

Voting Members
2
Independent Members
2
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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROLAND BELSOME CHAIRPERSON 0.50
Officer
$0 $0 $0
GAIL GLAPION MANAGING DIRECTOR 0.50
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $58,450 $40,109 $1,202,471 $18,341
2022 $169,025 $48,937 $1,098,551 $120,088
2021 $69,835 $39,163 $1,345,651 $30,672
2020 $75,679 $52,621 $1,255,362 $23,058
2019 $63,322 $38,941 $1,166,040 $24,381
2018 $62,655 $55,574 $1,038,913 $7,081
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