HOUMAS HOUSE FOUNDATION (EIN 272187425) - 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

2010

Legal Domicile

Principal Officer

DANIEL P KELLY

Phone

5048919494

Tax Period

2023-01-01 to 2023-12-31

HOUMAS HOUSE FOUNDATION, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $303K in total revenue in fiscal year 2023. Revenue fell 76% from the prior year — a significant decline worth monitoring. Expenses of $549K exceeded revenue, resulting in a 81% operating deficit.

Mission

THE HOUMAS HOUSE FOUNDATION IS ORGANIZED AND SHALL BE OPERATED TO DEVELOP AND OPERATE ONE OR MORE MUSEUMS THAT SEEK TO INCREASE PUBLIC KNOWLEDGE AND UNDERSTANDING OF THE GREAT STEAMBOATS THAT DOMINATED THE MISSISSIPPI RIVER AND THE MARITIME INDUSTRY IN THE 19TH AND EARLY 20TH CENTURIES.

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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 $231,873

Program Service Revenue $63,041

Investment Income $610

Other Revenue $7,241

TOTAL REVENUE $302,765

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $535,476

Other Expenses $549,077

TOTAL EXPENSES $549,077

Year-over-Year Comparison

	2023	2022	Change
Revenue	$302,765	$1,262,467	-0.8%
Expenses	$549,077	$477,832	+0.1%
Net Income	$-246,312	$784,635	-1.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
DANIEL P KELLY	PRESIDENT	Officer Director	$0	$0	$0
SHANNON ANN KELLY	VICE PRESIDENT & TREASURER	Officer Director	$0	$0	$0
PATRICIA ELIZABETH JAMES	SECRETARY	Officer Director	$0	$0	$0
DANIEL S KELLY	DIRECTOR	Director	$0	$0	$0
JIM BLANCHARD	DIRECTOR	Director	$0	$0	$0
BRIAN PAGRAGAN	DIRECTOR	Director	$0	$0	$0
MARK PENEGUY	DIRECTOR	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	$302,765	$549,077	$10,470,735	$-246,312
2022	$1,262,467	$477,832	$10,717,047	$784,635
2021	$304,519	$561,877	$9,932,412	$-257,358
2020	$1,918,968	$428,442	$10,189,770	$1,490,526
2019	$7,224,912	$14,377	$8,699,244	$7,210,535
2018	$322,720	$765	$1,913,260	$321,955

HOUMAS HOUSE FOUNDATION