NEW SCHOOLS FOR NEW ORLEANS INC

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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

Principal Officer

DANA PETERSON

Phone

5042300122

Tax Period

2023-10-01 to 2024-09-30

NEW SCHOOLS FOR NEW ORLEANS INC, founded in 2006, is a mid-sized nonprofit in the Education sector that reported $19.8M in total revenue in fiscal year 2023. The organization ran a surplus of $7.1M, a strong 36% operating margin.

Mission

THE MISSION OF NSNO IS TO ACHIEVE EXCELLENT PUBLIC SCHOOLS FOR EVERY CHILD IN NEW ORLEANS BY: (1) ATTRACTING AND PREPARING TALENT TO TEACH AND LEAD (2) LAUNCHING AND SUPPORTING OPEN-ENROLLMENT PUBLIC CHARTER SCHOOLS AND (3) ADVOCATING FOR ACCOUNTABLE (CONTINUED ON SCHEDULE O) AND SUSTAINABLE HIGH-QUALITY PUBLIC SCHOOLS.

Program Service Accomplishments

Program 1

Expenses: $1,403,064 Revenue: $34,616

PORTFOLIO: NSNO INVESTS IN SCHOOLS AND PARTNERS WITH THE ORLEANS PARISH SCHOOL BOARD TO IMPROVE THE QUALITY OF NEW ORLEANS' SCHOOL OPTIONS.NSNO WILL BROADEN THEIR EFFORT TO IDENTIFY AND SUPPORT NEW SCHOOL MODELS THAT HAVE PROMISING APPROACHES OR FULFILL SPECIFIC CITYWIDE DEMANDS FROM STUDENTS AND FAMILIES.NSNO ALSO RECOGNIZES THAT FAR TOO MANY CHILDREN ARE BEING UNDERSERVED IN OUR SCHOOLS. NSNO WILL WORK WITH THE DISTRICT AND OTHER SUPPORT ORGANIZATIONS TO ENSURE STUDENTS ARE NOT REQUIRED TO REMAIN IN SCHOOLS THAT DO NOT MEET THEIR NEEDS.

Program 2

Expenses: $571,179

CURRICULUM: NSNO HELPS SCHOOLS MAKE THE CURRICULAR AND INSTRUCTIONAL SHIFTS NECESSARY TO MEET MORE RIGOROUS ACADEMIC STANDARDS.THE NSNO INSTRUCTIONAL QUALITY INITIATIVE WILL ENSURE SCHOOLS: 1) MOVE TO ADOPT STANDARDS-ALIGNED INSTRUCTIONAL MATERIALS AND 2) RECEIVE INTENSIVE, TAILORED SUPPORT TO IMPROVE IMPLEMENTATION OF THOSE MATERIALS, SO THAT STUDENTS ARE BETTER PREPARED TO MASTER MORE RIGOROUS STANDARDS.

Program 3

Expenses: $8,936,607 Revenue: $88,284

TALENT: NSNO TAKES A LEADING ROLE IN COORDINATING SOLUTIONS TO THE CITY'S TEACHER RECRUITMENT AND RETENTION CHALLENGES.NSNO WAS AWARDED A US DEPARTMENT OF EDUCATION TEACHER INCENTIVE FUND GRANT TO...

TALENT: NSNO TAKES A LEADING ROLE IN COORDINATING SOLUTIONS TO THE CITY'S TEACHER RECRUITMENT AND RETENTION CHALLENGES.NSNO WAS AWARDED A US DEPARTMENT OF EDUCATION TEACHER INCENTIVE FUND GRANT TO PROMOTE STUDENT ACHIEVEMENT AND EDUCATOR EXCELLENCE IN NEW ORLEANS PUBLIC SCHOOLS. TEACHERS WILL BE EVALUATED BASED ON MULTIPLE OBSERVATIONS AND A MEASURE OF STUDENT ACHIEVEMENT. THESE EVALUATIONS WILL ALLOW SCHOOL LEADERS AND ORGANIZATION ADMINISTRATORS TO PROVIDE ALIGNED SUPPORT DESIGNED TO ENABLE TEACHERS AND LEADERS TO BECOME MORE EFFECTIVE EDUCATORS. IN ADDITION, RESULTS FROM THESE EVALUATIONS WILL BE USED TO DETERMINE EDUCATOR ELIGIBILITY FOR PERFORMANCE-BASED COMPENSATION SYSTEMS. BY CHAMPIONING PROFESSIONAL (CONTINUED ON SCH. O) EXCELLENCE WITH A FOCUS ON STUDENT ACHIEVEMENT, NOLA TIF WILL SUPPORT THE CONTINUED DRIVE TOWARD ACHIEVING EXCELLENT PUBLIC SCHOOLS FOR EVERY CHILD IN NEW ORLEANS. NSNO WAS ALSO AWARDED A US DEPARTMENT OF EDUCATION TEACHER AND SCHOOL LEADER INCENTRIVE GRANT TO SUPPORT PARTNER SCHOOLS IMPLEMENTING, IMPORVING, OR EXPANDING THEIR OVERALL HUMAN CAPITAL MANAGEMENT SYSTEM (HCMS), INCLUDING A PERFORMANCE-BASED COMPENSATION SYSTEM (PBCS).

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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 (2023)

Revenue Breakdown

Contributions & Grants $19,367,302

Program Service Revenue $122,900

Investment Income $256,211

Other Revenue $5,722

TOTAL REVENUE $19,752,135

Expense Breakdown

Grants Paid $5,512,908

Salaries & Benefits $2,875,504

Fundraising Expenses $98,009

Program Expenses $11,820,567

Other Expenses $4,233,608

TOTAL EXPENSES $12,622,020

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,752,135	$18,994,154	+0.0%
Expenses	$12,622,020	$15,104,946	-0.2%
Net Income	$7,130,115	$3,889,208	+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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$397,890

Total Directors