THRIVE NEW ORLEANS (EIN 261824498) - 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

2008

Legal Domicile

Principal Officer

CLARENCE MORSE

Phone

5045647739

Tax Period

2024-01-01 to 2024-12-31

THRIVE NEW ORLEANS, founded in 2008, is a community nonprofit in the Human Services sector that reported $3.0M in total revenue in fiscal year 2024. Expenses of $3.4M exceeded revenue, resulting in a 11% operating deficit.

Mission

THRIVE NEW ORLEANS' VISION IS TO CREATE AN EQUITABLE AND RESILIENT CITY WHERE INDIVIDUALS, FAMILIES, AND NEIGHBORHOODS CAN MOVE FROM SURVIVAL TO THRIVING, WITH AN EMPHASIS ON ECONOMIC OPPORTUNITY AND ENVIRONMENTAL STABILITY. THIS INVOLVES BUILDING A SKILLED WORKFORCE, SUPPORTING SMALL BUSINESSES, AND FOSTERING COMMUNITY THROUGH SUSTAINABLE DEVELOPMENT AND RACIAL EQUITY INITIATIVES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,686,808

Program Service Revenue $318,135

Investment Income $6,952

Other Revenue $15,137

TOTAL REVENUE $3,027,032

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,430,929

Fundraising Expenses $0

Program Expenses $2,590,275

Other Expenses $1,933,370

TOTAL EXPENSES $3,364,299

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,027,032	$2,920,353	+0.0%
Expenses	$3,364,299	$3,114,255	+0.1%
Net Income	$-337,267	$-193,902	+0.7%

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

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

$162,558

Total Directors

$162,558

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLARENCE MORSE	EXECUTIVE DI	40.00	Officer Director	$162,558	$0	$162,558
WHITNEY BROWN	DIRECTOR	2.00	Director	$0	$0	$0
TONI DIXON	TREASURER	2.00	Officer Director	$0	$0	$0
KRISTEN HOUSE	CHAIR	2.00	Officer Director	$0	$0	$0
FRED LUTER JR	DIRECTOR	2.00	Director	$0	$0	$0
BEN MCLEISH	PRESIDENT	2.00	Officer Director	$0	$0	$0
BRUCE MCLUE	DIRECTOR	2.00	Director	$0	$0	$0
LARRY WELCH	DIRECTOR	2.00	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	$3,027,032	$3,364,299	$2,116,689	$-337,267
2023	$2,920,353	$3,114,255	$2,529,518	$-193,902
2022	$2,931,591	$3,288,958	$2,648,610	$-357,367
2021	$3,021,176	$1,892,631	$3,052,253	$1,128,545
2020	$1,106,892	$1,242,140	$2,180,560	$-135,248
2019	$914,181	$1,232,375	$1,585,170	$-318,194
2018	$910,321	$1,071,840	$1,649,924	$-161,519

THRIVE NEW ORLEANS