DR MATTHEWS MCGARY SCHOLARSHIP FOUNDATION

EIN: 721427068 501(c)(3) Religion

NEW ORLEANS, LA

Total Revenue
$31,050
Total Expenses
$24,338
Total Assets
$63,464
Net Assets
$63,464
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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
2000
Legal Domicile
LA
Principal Officer
SAMUEL GIBBS
Tax Period
2024-01-01 to 2024-12-31

DR MATTHEWS MCGARY SCHOLARSHIP FOUNDATION, founded in 2000, is a micro nonprofit in the Religion sector that reported $31K in total revenue in fiscal year 2024. Revenue surged 87% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7K, a strong 22% operating margin.

Mission

TO PROVIDE EDUCATIONAL ASSISTANCE TO HIGH SCHOOL SENIORS.

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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 $31,050
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $31,050

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $24,338
TOTAL EXPENSES $24,338

Year-over-Year Comparison

2024 2023 Change
Revenue $31,050 $16,584 +0.9%
Expenses $24,338 $16,524 +0.5%
Net Income $6,712 $60 +110.9%
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
5
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
3
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BYRON JOHNSON GENERAL SECRETARY 001.50
Director
$0 $0 $0
GWENDOLYN RAY SMITH DIRECTOR 005.00
Director
$0 $0 $0
DR SAMUEL GIBBS JR PRESIDENT 001.50
Officer
$0 $0 $0
KENNETH THOMPSON 1ST VICE PRESIDENT 001.50
Officer
$0 $0 $0
WARREN RAY JR 2ND VICE PRESIDENT 001.50
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
2024 $31,050 $24,338 $63,464 $6,712
2023 $16,584 $16,524 $56,752 $60
2022 $19,102 $19,650 $56,692 $-548
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