LIBERTY'S KITCHEN INC

EIN: 262254285 501(c)(3) Education

NEW ORLEANS, LA

Total Revenue
$1,319,609
Total Expenses
$1,885,562
Total Assets
$835,000
Net Assets
$256,521
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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
LA
Principal Officer
BERNADETTE LUCAS
Phone
5048224011
Tax Period
2024-01-01 to 2024-12-31

LIBERTY'S KITCHEN INC, founded in 2008, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $1.9M exceeded revenue, resulting in a 43% operating deficit.

Mission

LIBERTY'S KITCHEN IS A NOT-FOR-PROFIT SOCIAL ENTERPRISE COMMITTED TO TRANSFORMING THE LIVES OF NEW ORLEANS YOUTH BY PROVIDING THEM WITH THE SKILLSET TO ACHIEVE THEIR VISION OF SUCCESS THROUGH PROFESSIONAL AND PERSONALIZED TRAINING.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,136,679
Program Service Revenue $167,009
Investment Income $8,720
Other Revenue $7,201
TOTAL REVENUE $1,319,609

Expense Breakdown

Grants Paid $0
Salaries & Benefits $803,900
Fundraising Expenses $150,990
Program Expenses $1,408,775
Other Expenses $1,081,662
TOTAL EXPENSES $1,885,562

Year-over-Year Comparison

2024 2023 Change
Revenue $1,319,609 $984,520 +0.3%
Expenses $1,885,562 $1,690,166 +0.1%
Net Income $-565,953 $-705,646 -0.2%
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

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Governance

Voting Members
10
Independent Members
10
Employees
21
Volunteers
50

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
4
$131,037
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CALVIN JOHNSON CHAIR 2.00
Officer Director
$0 $0 $0
KARA JOHNSON VICE CHAIR 2.00
Officer Director
$0 $0 $0
GREG BEUERMAN TREASURER 2.00
Officer Director
$0 $0 $0
LORI JOHNSON BOARD MEMBER 2.00
Director
$0 $0 $0
NEAL COHEN BOARD MEMBER 2.00
Director
$0 $0 $0
HERB ANDERSON BOARD MEMBER 2.00
Director
$0 $0 $0
SUE ZEMANICK BOARD MEMBER 2.00
Director
$0 $0 $0
JANET PETERS BOARD MEMBER 2.00
Director
$0 $0 $0
NICOLE BELL BOARD MEMBER 2.00
Director
$0 $0 $0
ANN HESLIN BOARD MEMBER 2.00
Director
$0 $0 $0
BERNADETTE LUCAS EXECUTIVE DIRECTOR 60.00
Officer
$122,719 $8,318 $131,037
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 $1,319,609 $1,885,562 $835,000 $-565,953
2023 $984,520 $1,690,166 $2,108,218 $-705,646
2022 $800,356 $1,449,524 $2,904,536 $-649,168
2021 $1,610,071 $1,466,198 $3,074,859 $143,873
2020 $2,820,052 $2,484,161 $3,071,636 $335,891
2019 $2,340,450 $2,980,657 $2,520,805 $-640,207
2018 $3,503,131 $3,815,675 $3,143,729 $-312,544
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