Louisiana Cultural Economy Foundation (EIN 203598297) - 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

Tax Period

2019-01-01 to 2019-12-31

Louisiana Cultural Economy Foundation, founded in 2005, is a small nonprofit that reported $238K in total revenue in fiscal year 2019. Revenue fell 45% from the prior year — a significant decline worth monitoring.

Mission

THE PRIMARY MISSION OF THE LOUISIANA CULTURAL ECONOMIC FOUNDATION IS TO BE A CATALYST FOR THE DEVELOPMENT AND ENHANCEMENT OF THE DISTRICT CULTURAL INDUSTRIES OF LOUISIANA BY PROMOTING THE ECONOMIC HEALTH AND QUALITY OF LIFE OF OUR CULTURAL ECONOMIC WORKFORCE.

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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 (2019)

Revenue Breakdown

Contributions & Grants $218,228

Program Service Revenue $19,705

Investment Income $0

Other Revenue $0

TOTAL REVENUE $237,933

Expense Breakdown

Grants Paid $0

Salaries & Benefits $49,620

Fundraising Expenses $0

Program Expenses $56,051

Other Expenses $191,283

TOTAL EXPENSES $240,903

Year-over-Year Comparison

	2019	2018	Change
Revenue	$237,933	$434,605	-0.5%
Expenses	$240,903	$390,504	-0.4%
Net Income	$-2,970	$44,101	-1.1%

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

N/A

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

$6,154

Total Directors

$25,657

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHY RICHARDS	Director	22.00	Director	$19,503	$0	$19,503
AIMEE SMALLWOOD	CEO	40.00	Officer Director	$6,154	$0	$6,154
BILL HESS	Director	0.00	Director	$0	$0	$0
MARK S BOUCREE	Vice President	0.00	Officer Director	$0	$0	$0
WAYNE BENJAMIN JR	Director	0.00	Director	$0	$0	$0
CHERYL CASTILLE	Executive Dir.	0.00	Director	$0	$0	$0
SAYDE FINKEL	Secretary	0.00	Officer Director	$0	$0	$0
CHERRY FISHER MAY	Director	0.00	Director	$0	$0	$0
ISTVAN MOLNAR	Director	0.00	Director	$0	$0	$0
TONIA MOORE	Director	0.00	Director	$0	$0	$0
CLAUDIA GINTY	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
2019	$237,933	$240,903	$43,758	$-2,970
2018	$434,605	$390,504	$49,121	$44,101

Louisiana Cultural Economy Foundation