Friends of Lafitte Corridor Inc (EIN 205295500) - 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

2006

Legal Domicile

Principal Officer

Jason Neville

Phone

5044620645

Tax Period

2023-01-01 to 2023-12-31

Friends of Lafitte Corridor Inc, founded in 2006, is a small nonprofit in the Community Improvement sector that reported $523K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

Friends of Lafitte Greenway works to build, program, and promote the Lafitte Greenway as a great public space.

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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 $503,746

Program Service Revenue $6,456

Investment Income $2,661

Other Revenue $9,890

TOTAL REVENUE $522,753

Expense Breakdown

Grants Paid $850

Salaries & Benefits $231,374

Fundraising Expenses $27,289

Program Expenses $436,035

Other Expenses $286,415

TOTAL EXPENSES $518,639

Year-over-Year Comparison

	2023	2022	Change
Revenue	$522,753	$433,787	+0.2%
Expenses	$518,639	$432,079	+0.2%
Net Income	$4,114	$1,708	+1.4%

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

526

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

$82,904

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jason Neville	Executive Dir.	40.00	Officer	$79,615	$3,289	$82,904
Monty Lunn	Vice Chair	1.00	Officer Director	$0	$0	$0
Susan Guidry	Director	1.00	Director	$0	$0	$0
Philip Stelly	Director	1.00	Director	$0	$0	$0
Emily Bullock	Director	1.00	Director	$0	$0	$0
Essence Banks	Director	1.00	Director	$0	$0	$0
Laura Carleton Doody	Treasurer	1.00	Officer Director	$0	$0	$0
Vann Joines	Director	1.00	Director	$0	$0	$0
Reed Wiley	Chairman	1.00	Officer Director	$0	$0	$0
Alonzo Knox	Director	1.00	Director	$0	$0	$0
Greg Lawson	Director	1.00	Director	$0	$0	$0
Justin Morgan	Director	1.00	Director	$0	$0	$0
Christina Ruffins	Director	1.00	Director	$0	$0	$0
Kevin Centanni	Director	1.00	Director	$0	$0	$0
Sergio Gaitan	Director	1.00	Director	$0	$0	$0
David Harms	Director	1.00	Director	$0	$0	$0
Onika Jervis	Director	1.00	Director	$0	$0	$0
Amanda Menniti	Director	1.00	Director	$0	$0	$0
Sarah Olivier	Director	1.00	Director	$0	$0	$0
Naim Peress	Secretary	1.00	Officer Director	$0	$0	$0
Matthew Rufo	Director	1.00	Director	$0	$0	$0
Daniel Samuels	Director	1.00	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
2024	No data	No data	No data	No data
2023	$522,753	$518,639	$438,492	$4,114
2022	$433,787	$432,079	$434,933	$1,708
2021	$400,194	$264,356	$480,780	$135,838
2020	$267,350	$269,230	$370,542	$-1,880
2019	$268,694	$249,480	$219,122	$19,214
2018	$196,695	$196,989	$199,908	$-294

Friends of Lafitte Corridor Inc