DR & MRS FRANKS SCHOLARSHIP FUND

EIN: 721381334 501(c)(3)

OAKDALE, LA

Total Revenue
$251
Total Expenses
N/A
Total Assets
N/A
Net Assets
N/A
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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
2006
Legal Domicile
LA
Principal Officer
JAMES SANDEFUR
Phone
3183350675
Tax Period
2019-01-01 to 2019-12-31

DR & MRS FRANKS SCHOLARSHIP FUND, founded in 2006, is a micro nonprofit that reported $251 in total revenue in fiscal year 2019. Revenue fell 99% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE LOW INTEREST LOANS TO STUDENTS IN FINANCIAL NEED WHO DESIRE TO ENTER ANY ACCREDITED SCHOOL OF OPTOMETRY.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $251
Other Revenue $0
TOTAL REVENUE $251

Expense Breakdown

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

Year-over-Year Comparison

2019 2018 Change
Revenue $251 $27,215 -1.0%
Expenses N/A $786 -1.0%
Net Income N/A $26,429 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

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Governance

Voting Members
5
Independent Members
5
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
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JONATHAN BOWMAN OD PRESIDENT-ELECT 1.00
Director
$0 $0 $0
CORY BOUDREAUX OD PRESIDENT 1.00
Officer Director
$0 $0 $0
SCOTT TAYLOR OD PAST PRESIDENT 1.00
Director
$0 $0 $0
JAMES D SANDEFUR OD EXECUTIVE DIRECTOR 1.00
Officer Director
$0 $0 $0
JEFF WILHITE OD SECRETARY 1.00
Officer 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
2019 $251 No data No data No data
2018 $27,215 $786 $1,121,072 $26,429
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