JOE ALEXANDER SCHOLARSHIP FOUNDATI… - Form 990 Financial Data

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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

2004

Legal Domicile

Principal Officer

DEAN CARPENTER

Phone

6616649200

Tax Period

2021-07-01 to 2022-06-30

JOE ALEXANDER SCHOLARSHIP FOUNDATION, founded in 2004, is a micro nonprofit that reported $64K in total revenue in fiscal year 2021. Revenue surged 174% from the prior year, signaling strong growth momentum. The organization ran a surplus of $43K, a strong 67% operating margin.

Mission

TO RAISE, INVEST, AND DISTRIBUTE MONEY FOR THE PURPOSE OF AWARDING SCHOLARSHIPS AND GRANTS TO DESERVING STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $12,500

PROVIDED SCHOLARSHIPS TO STUDENTS IN THE KERN HIGH SCHOOLDISTRICT.

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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%)

Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $2,500

Program Service Revenue $0

Investment Income $61,413

Other Revenue $0

TOTAL REVENUE $63,913

Expense Breakdown

Grants Paid $12,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $12,500

Other Expenses $8,903

TOTAL EXPENSES $21,403

Year-over-Year Comparison

	2021	2020	Change
Revenue	$63,913	$23,353	+1.7%
Expenses	$21,403	$20,941	+0.0%
Net Income	$42,510	$2,412	+16.6%

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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VERNON VARNER	PRESIDENT	1.00	Officer Director	$0	$0	$0
DEAN CARPENTER	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
DARREN ALEXANDER	DIRECTOR	1.00	Director	$0	$0	$0
TOM ALEXANDER	DIRECTOR	1.00	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
2022	$63,913	$21,403	$669,392	$42,510
2021	$23,353	$20,941	$811,306	$2,412
2020	$30,094	$6,820	$686,709	$23,274
2019	$61,365	$17,638	$651,622	$43,727
2018	$35,167	$15,061	$652,037	$20,106

JOE ALEXANDER SCHOLARSHIP FOUNDATION