LOUIS P LEDET MEMORIAL SCHOLARSHIP FUND

EIN: 721122540 501(c)(3)

Broussard, LA

Total Revenue
$56,530
Total Expenses
$38,856
Total Assets
$720,632
Net Assets
$720,632
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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
1983
Legal Domicile
LA
Principal Officer
Todd C Hebert
Phone
3378495860
Tax Period
2024-01-01 to 2024-12-31

LOUIS P LEDET MEMORIAL SCHOLARSHIP FUND, founded in 1983, is a micro nonprofit that reported $57K in total revenue in fiscal year 2024. Revenue surged 102% from the prior year, signaling strong growth momentum. The organization ran a surplus of $18K, a strong 31% operating margin.

Mission

PROVIDES SCHOLARSHIPS FOR COLLEGE BOUND MEMBERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $20,500
Program Service Revenue $0
Investment Income $36,030
Other Revenue $0
TOTAL REVENUE $56,530

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $38,856
TOTAL EXPENSES $38,856

Year-over-Year Comparison

2024 2023 Change
Revenue $56,530 $27,981 +1.0%
Expenses $38,856 $34,058 +0.1%
Net Income $17,674 $-6,077 -3.9%
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
6
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
0
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Desi Doise Manager 003.00
Director
$0 $0 $0
Todd Hebert Director 003.00
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 $56,530 $38,856 $720,632 $17,674
2023 $27,981 $34,058 $694,616 $-6,077
2022 $36,040 $30,764 $665,664 $5,276
2021 $45,967 $30,508 $732,673 $15,459
2020 $23,387 $30,447 $631,362 $-7,060
2019 $314,461 $32,037 $525,370 $282,424
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