KIPP OF NEW ORLEANS INC (EIN 202277213) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

KATHRYN WALMSLEY

Phone

5045134242

Tax Period

2023-07-01 to 2024-06-30

KIPP OF NEW ORLEANS INC is a 501(c)(3) with EIN 202277213, based in NEW ORLEANS, LA. Founded in 2005, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $117,875,225 in total revenue and $117,314,120 in total expenses, with net assets of $39,316,838.

Mission

BUILD PK-12 SCHOOLS THAT ARE ACADEMICALLY EXCELLENT AND CREATE UNLIMITED OPPORTUNITY FOR STUDENTS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $115,648,098

Program Service Revenue $0

Investment Income $96,470

Other Revenue $2,130,657

TOTAL REVENUE $117,875,225

Expense Breakdown

Grants Paid $0

Salaries & Benefits $69,849,251

Fundraising Expenses $0

Program Expenses $110,046,820

Other Expenses $47,464,869

TOTAL EXPENSES $117,314,120

Year-over-Year Comparison

	2023	2022	Change
Revenue	$117,875,225	$117,387,978	+0.0%
Expenses	$117,314,120	$108,710,599	+0.1%
Net Income	$561,105	$8,677,379	-0.9%

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

Governance

Voting Members

Independent Members

Employees

1405

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

$409,955

Total Directors

Key Employees

$188,172

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY WASHINGTON	CHAIRMAN	2.00	Officer Director	$0	$0	$0
REGINALD JACKSON	TREASURER	2.00	Officer Director	$0	$0	$0
CIANJANAE PURVIS	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL BALASCIO	BOARD MEMBER	2.00	Director	$0	$0	$0
SHERICE CLARK	SECRETARY	2.00	Officer Director	$0	$0	$0
DR BRUCE V HURLEY JR	BOARD MEMBER	2.00	Director	$0	$0	$0
DANIELLE WILLIS	VICE CHAIRWOMAN	2.00	Officer Director	$0	$0	$0
SHANA HANDY	BOARD MEMBER	2.00	Director	$0	$0	$0
JASON MUSSELL MD	BOARD MEMBER	2.00	Director	$0	$0	$0
BARRETT GREEN	BOARD MEMBER	2.00	Director	$0	$0	$0
RAVI SANGISETTY	BOARD MEMBER	2.00	Director	$0	$0	$0
ILEANA GARCIA LEDET	BOARD MEMBER	2.00	Director	$0	$0	$0
RHONDA KALIFEY-ALUISE	CHIEF EXECUTIVE OFFICER	40.00	Officer	$210,201	$19,680	$229,881
KATHRYN DEL GUERCIO WALMSLEY	CHIEF FINANCIAL OFFICER	40.00	Officer	$163,462	$16,612	$180,074
TODD PURVIS	CHIEF ACADEMIC OFFICER	40.00	Key Emp	$180,198	$7,974	$188,172
IVETTE CASEY	CONTROLLER	40.00	Highest	$131,508	$3,649	$135,157
KORBIN JOHNSON	SCHOOL LEADER	40.00	Highest	$132,931	$16,557	$149,488
TOWANA PIERRE-FLOYD	SCHOOL LEADER	40.00	Highest	$158,665	$16,225	$174,890
ARON WALKER	MANAGING DIRECTOR OF SCHOOL OPERATIONS	40.00	Highest	$130,461	$7,362	$137,823
DEANNA REDDICK	SCHOOL LEADER	40.00	Highest	$136,017	$9,428	$145,445

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	$117,875,225	$117,314,120	$52,988,678	$561,105
2023	$117,387,978	$108,710,599	$48,989,395	$8,677,379
2022	$98,874,957	$95,958,224	$36,867,383	$2,916,733
2021	$82,308,367	$80,597,741	$40,708,301	$1,710,626
2020	$76,274,238	$68,957,719	$27,248,319	$7,316,519
2019	$64,455,023	$63,842,983	$21,858,676	$612,040
2018	$58,165,477	$56,644,600	$19,963,172	$1,520,877
2017	$54,785,150	$53,000,355	$18,722,555	$1,784,795

KIPP OF NEW ORLEANS INC