BROADMOOR IMPROVEMENT ASSOCIATION INCORPORATED (EIN 237219506) - 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

1970

Legal Domicile

Principal Officer

Justin Boone

Phone

5042495130

Tax Period

2023-01-01 to 2023-12-31

BROADMOOR IMPROVEMENT ASSOCIATION INCORPORATED, founded in 1970, is a small nonprofit that reported $370K in total revenue in fiscal year 2023. Expenses of $411K exceeded revenue, resulting in a 11% operating deficit.

Mission

The Broadmoor Improvement Association exists for the civic, social and cultural improvement of the inhabitants of the Broadmoor Neighborhood in New Orleans

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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 $35,958

Program Service Revenue $0

Investment Income $0

Other Revenue $334,270

TOTAL REVENUE $370,228

Expense Breakdown

Grants Paid $0

Salaries & Benefits $302,140

Fundraising Expenses $0

Program Expenses $320,644

Other Expenses $109,186

TOTAL EXPENSES $411,326

Year-over-Year Comparison

	2023	2022	Change
Revenue	$370,228	$385,432	0.0%
Expenses	$411,326	$422,616	0.0%
Net Income	$-41,098	$-37,184	+0.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Justin Boone	President	2	Officer Director	$0	$0	$0
Tim Traycott	Vice President	1	Director	$0	$0	$0
Erica Peterson	Secretary	1	Director	$0	$0	$0
Cait Gladlow	Member	1	Director	$0	$0	$0
Kimberly Woodard	Member	1	Director	$0	$0	$0
Nyia Pulliam	Member	2	Officer Director	$0	$0	$0
Diana Hernandez	Member	1	Director	$0	$0	$0
Shanita Farris	Member	1	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	$370,228	$411,326	$368,618	$-41,098
2022	$385,432	$422,616	$370,214	$-37,184
2021	$388,341	$435,885	$396,383	$-47,544
2020	$422,093	$352,410	$398,300	$69,683
2018	$333,847	$339,385	$157,501	$-5,538

BROADMOOR IMPROVEMENT ASSOCIATION INCORPORATED