NEW ORLEANS STARTUP FUND INC

EIN: 271126668 501(c)(3) Community Improvement

New Orleans, LA

Total Revenue
$538,725
Total Expenses
$576,096
Total Assets
$2,274,572
Net Assets
$2,231,862
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
LA
Principal Officer
JAMES ROUSSEL
Phone
5045276900
Tax Period
2023-01-01 to 2023-12-31

NEW ORLEANS STARTUP FUND INC, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $539K in total revenue in fiscal year 2023. Revenue surged 145% from the prior year, signaling strong growth momentum. Net assets of $2.2M represent 50 months of operating reserves.

Mission

THE NEW ORLEANS STARTUP FUND INC. IS A SEED CAPITAL FUND ESTABLISHED BY GREATER NEW ORLEANS BUSINESSES AND FINANCIAL LEADERS TO ACCELERATE THE GROWTH OF EARLY-STAGE, INNOVATIVE BUSINESSES INTO VENTURE-READY COMPANIES. THE STARTUP FUND'S MISSION IS TO CREATE JOBS AND ECONOMIC PROSPERITY FOR THE TEN PARISH REGIONS OF GREATER NEW ORLEANS BY PROVIDING SEED CAPITAL AND BUSINESS ASSISTANCE TO EARLY-STAGE FIRMS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $567,789
Program Service Revenue $0
Investment Income $-54,064
Other Revenue $25,000
TOTAL REVENUE $538,725

Expense Breakdown

Grants Paid $0
Salaries & Benefits $239,953
Fundraising Expenses $0
Program Expenses $533,179
Other Expenses $336,143
TOTAL EXPENSES $576,096

Year-over-Year Comparison

2023 2022 Change
Revenue $538,725 $220,287 +1.4%
Expenses $576,096 $734,405 -0.2%
Net Income $-37,371 $-514,118 -0.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
8
Independent Members
7
Employees
1
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
3
$0
Total Directors
8
$226,726
Key Employees
1
$226,726
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES ROUSSEL PRESIDENT/CEO 40
Director Key Emp Highest
$226,726 $0 $226,726
MICHAEL HECHT SECRETARY 2
Officer Director
$0 $0 $0
PEYTON BUSH TREASURER 2
Officer Director
$0 $0 $0
DAMON BURNS BOARD MEMBER 2
Director
$0 $0 $0
GAY LE BRETON BOARD MEMBER 2
Director
$0 $0 $0
COURTNEY WILLIAMS BOARD MEMBERS 2
Director
$0 $0 $0
SHARONDA WILLIAMS BOARD MEMBER 2
Director
$0 $0 $0
MATT WISDOM CHAIRMAN 2
Officer 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 $538,725 $576,096 $2,274,572 $-37,371
2022 $220,287 $734,405 $2,328,588 $-514,118
2021 $682,641 $251,886 $2,834,601 $430,755
2020 $683,432 $259,484 $2,352,596 $423,948
2019 $209,492 $702,170 $1,939,810 $-492,678
2018 $611,264 $565,942 $2,428,041 $45,322
Explore More Nonprofits
→Top 100 Nonprofits in Louisiana →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare NEW ORLEANS STARTUP FUND INC with other nonprofits in Louisiana and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.