St Bernard Economic Development Foundat (EIN 113712951) - Form 990 Financial Analysis & Trantor Score

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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

2005

Legal Domicile

Phone

5042774009

Tax Period

2023-01-01 to 2023-12-31

St Bernard Economic Development Foundat, founded in 2005, is a small nonprofit in the Community Improvement sector that reported $343K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Net assets of $816K represent 29 months of operating reserves.

Mission

TO CREATE AND RETAIN JOBS, BUILD PROSPERITY, AND IMPROVE QUALITY OF LIFE IN ST BERNARD PARISH

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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 $313,860

Program Service Revenue $0

Investment Income $29,270

Other Revenue $0

TOTAL REVENUE $343,130

Expense Breakdown

Grants Paid $0

Salaries & Benefits $252,693

Fundraising Expenses $0

Program Expenses $85,867

Other Expenses $117,066

TOTAL EXPENSES $369,759

Year-over-Year Comparison

	2023	2022	Change
Revenue	$343,130	$398,984	-0.1%
Expenses	$369,759	$279,579	+0.3%
Net Income	$-26,629	$119,405	-1.2%

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

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

$130,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Meaghan Mccormack	CEO	40.00	Officer	$130,500	$0	$130,500
William Haines	Chair (Jan-Apr)	2.00	Director	$0	$0	$0
Tina Tinney	Chair (Apr-Dec)	2.00	Director	$0	$0	$0
Lani Fast	Secretary	2.00	Director	$0	$0	$0
Drew Heaphy	Treasurer	2.00	Director	$0	$0	$0
Zeljko Franks	Past Chairman	0.00	Director	$0	$0	$0
Wanda Alcon	Exec Comm Mbr	0.00	Director	$0	$0	$0
Kim Jones	Exec Comm Mbr	0.00	Director	$0	$0	$0
Howard Luna	Exec Comm Mbr	0.00	Director	$0	$0	$0
Lisamarie Brandon	Director	0.00	Director	$0	$0	$0
Terri Cerniglia	Director	0.00	Director	$0	$0	$0
David Clements	Director	0.00	Director	$0	$0	$0
Stevi Crovetto	Director	0.00	Director	$0	$0	$0
Elizabeth Ellison-Frost	Director	0.00	Director	$0	$0	$0
Ana Gale-Orellana	Director	0.00	Director	$0	$0	$0
Richard Lewis	Director	0.00	Director	$0	$0	$0
Mike Mito	Director	0.00	Director	$0	$0	$0
Monty Montelongo	Director	0.00	Director	$0	$0	$0
Rachel Nunez	Director	0.00	Director	$0	$0	$0
Jason Stop	Director	0.00	Director	$0	$0	$0
Katie Tommaseo	Director	0.00	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
2023	$343,130	$369,759	$816,291	$-26,629
2022	$398,984	$279,579	$830,577	$119,405
2021	$406,324	$254,770	$712,390	$151,554
2020	$360,876	$205,727	$562,599	$155,149
2019	$193,632	$245,845	$408,491	$-52,213
2018	$278,451	$256,200	$461,010	$22,251

St Bernard Economic Development Foundat