THE NOLA PROJECT INC

EIN: 202166597 501(c)(3) Arts, Culture & Humanities

NEW ORLEANS, LA

Total Revenue
$94,218
Total Expenses
$122,282
Total Assets
$54,905
Net Assets
$53,237
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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
LA
Principal Officer
TENAJ WALLACE
Phone
5043356962
Tax Period
2024-07-01 to 2025-06-30

THE NOLA PROJECT INC, founded in 2005, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $94K in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $122K exceeded revenue, resulting in a 30% operating deficit.

Mission

THE NOLA PROJECT IS AN ENSEMBLE THEATRE COMPANY STRIVING TO CHALLENGE, ENTERTAIN, AND ENGAGE DIVERSE NEW ORLEANS AUDIENCES THROUGH HIGH-QUALITY AND INNOVATIVE PERFORMANCES OF RELEVANT GREAT WORKS, THE DEVELOPMENT AND PRODUCTION OF NEW PLAYS, AND COMPREHENSIVE THEATRE EDUCATION OPPORTUNITIES.

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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 $56,460
Program Service Revenue $35,730
Investment Income $1,960
Other Revenue $68
TOTAL REVENUE $94,218

Expense Breakdown

Grants Paid $0
Salaries & Benefits $42,912
Fundraising Expenses $0
Program Expenses $56,583
Other Expenses $79,370
TOTAL EXPENSES $122,282

Year-over-Year Comparison

2024 2023 Change
Revenue $94,218 $176,949 -0.5%
Expenses $122,282 $164,156 -0.3%
Net Income $-28,064 $12,793 -3.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
5
Volunteers
11

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
2
$5,460
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENNIS BAGNERIS JR DIRECTOR 2.00
Director
$0 $0 $0
MIRANDA CELESTRE DIRECTOR 2.00
Director
$0 $0 $0
SUSAN KRINSKY DIRECTOR 2.00
Director
$0 $0 $0
DAVID EMOND PRESIDENT 2.00
Officer Director
$0 $0 $0
REBECCA DUCKERT DIRECTOR 2.00
Director
$0 $0 $0
PRINCESS DENNAR DIRECTOR 2.00
Director
$0 $0 $0
HUZEFA DOSSAJI DIRECTOR 2.00
Director
$0 $0 $0
JUNE FOLEY DIRECTOR 2.00
Director
$0 $0 $0
ENDAY L HASH DIRECTOR 2.00
Director
$0 $0 $0
JILLIAN DESIREE OLIVERAS DIRECTOR 2.00
Director
$0 $0 $0
CORINNE ASHLEY WILLIAMS DIRECTOR 2.00
Director
$0 $0 $0
TENAJ WALLACE THE ARTISTIC DIRECTOR 10.00
Officer
$5,460 $0 $5,460
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
2025 $94,218 $122,282 $54,905 $-28,064
2024 $176,949 $164,156 $84,400 $12,793
2023 $303,760 $306,122 $81,021 $-2,362
2022 $306,280 $311,267 $86,407 $-4,987
2021 $107,296 $102,856 $80,001 $4,440
2020 $248,440 $233,739 $65,140 $14,701
2019 $253,812 $252,358 $45,163 $1,454
2018 $207,090 $238,856 $49,896 $-31,766
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