GALATOIRE FOUNDATION INC (EIN 272631766) - 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

MELVIN RODRIGUE

Phone

5045252021

Tax Period

2024-01-01 to 2024-12-31

GALATOIRE FOUNDATION INC, founded in 2010, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $129K in total revenue in fiscal year 2024. Revenue fell 60% from the prior year — a significant decline worth monitoring. Expenses of $186K exceeded revenue, resulting in a 45% operating deficit.

Mission

TO SUPPORT VARIOUS LOCAL CAUSES AND CULTURAL PROGRAMS THOUGHOUT THE NEW ORLEANS COMMUNITY.

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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 $0

Program Service Revenue $128,728

Investment Income $0

Other Revenue $0

TOTAL REVENUE $128,728

Expense Breakdown

Grants Paid $184,100

Salaries & Benefits $0

Fundraising Expenses $1,250

Program Expenses $185,122

Other Expenses $2,272

TOTAL EXPENSES $186,372

Year-over-Year Comparison

	2024	2023	Change
Revenue	$128,728	$323,162	-0.6%
Expenses	$186,372	$325,137	-0.4%
Net Income	$-57,644	$-1,975	+28.2%

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

Governance

Voting Members

N/A

Independent Members

N/A

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
KARYN N KEARNEY	DIRECTOR	N/A	Director	$0	$0	$0
TASHA TROSCLAIR	DIRECTOR	N/A	Director	$0	$0	$0
LEON GALATOIRE	VICE PRESIDE	N/A	Officer	$0	$0	$0
DATHEL C GEORGES	SECRETARY	N/A	Officer	$0	$0	$0
MELVIN RODRIGUE	PRESIDENT	N/A	Officer	$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	$128,728	$186,372	$124,893	$-57,644
2023	$323,162	$325,137	$182,537	$-1,975
2022	$263,125	$212,745	$184,512	$50,380
2018	$220,676	$109,710	$318,359	$110,966

GALATOIRE FOUNDATION INC