NOLA BUSINESS ALLIANCE (EIN 273654312) - 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

LOUIS DAVID

Phone

5049344500

Tax Period

2023-01-01 to 2023-12-31

NOLA BUSINESS ALLIANCE, founded in 2010, is a community nonprofit in the Community Improvement sector that reported $3.7M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $4.4M exceeded revenue, resulting in a 19% operating deficit.

Mission

CHARGED BY THE CITY OF NEW ORLEANS WITH LEADING THE ECONOMIC RECOVERY AND DEVELOPMENT OF ORLEANS PARISH. THE ORGANIZATION'S FOCUS IS TO GROW THE JOB BASE AND SECURE PRIVATE INVESTMENT FOR ORLEANS PARISH BY ATTRACTING CORPORATIONS FOR RELOCATION, RETAINING EXISTING BUSINESS SUPPORTING EXPANSION OF EXISTING BUSINESSES AND DEVELOP RETAIL GROWTH. THE ORGANIZATION ACCOMPLISHES THIS BY CREATING TRANSPARENCY AND LOWERING THE BARRIERS TO MARKET ENTRY.

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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 $3,645,817

Program Service Revenue $76,950

Investment Income $19,102

Other Revenue $1,894

TOTAL REVENUE $3,743,763

Expense Breakdown

Grants Paid $1,147,158

Salaries & Benefits $1,385,748

Fundraising Expenses $204,314

Program Expenses $3,376,132

Other Expenses $1,914,565

TOTAL EXPENSES $4,447,471

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,743,763	$4,026,850	-0.1%
Expenses	$4,447,471	$5,644,705	-0.2%
Net Income	$-703,708	$-1,617,855	-0.6%

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

Total Directors

Key Employees

$213,557

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NORMAL BARNUM	PRESIDENT/CE	40.00	Key Emp	$213,557	$0	$213,557
LOUIS DAVID	INTERIM PRES	40.00	Highest	$145,263	$0	$145,263
LYNETTE WHITE-COLIN	SENIOR VP SM	40.00	Highest	$143,663	$0	$143,663
SHEILA BURNS	BOARD MEMBER	2.00	Director	$0	$0	$0
LATOYA CANTRELL	MAYOR CITY O	2.00	Director	$0	$0	$0
JEAN-GUY CELESTIN	BOARD MEMBER	2.00	Director	$0	$0	$0
ANDREA CHEN	BOARD MEMBER	2.00	Director	$0	$0	$0
GREGORY CURTIS	BOARD MEMBER	2.00	Director	$0	$0	$0
DR TAKEISHA DAVIS	BOARD MEMBER	2.00	Director	$0	$0	$0
KIM BOYLE ESQ	SECRETARY	2.00	Officer Director	$0	$0	$0
NOAH KRESSLER ESQ	BOARD MEMBER	2.00	Director	$0	$0	$0
SUSAN TALLEY ESQ	BOARD MEMBER	2.00	Director	$0	$0	$0
HENRY COAXUM JR	PAST CHAIR	2.00	Officer Director	$0	$0	$0
BRIAN KELLER	BOARD MEMBER	2.00	Director	$0	$0	$0
STEVEN KENNEDY	BOARD MEMBER	2.00	Director	$0	$0	$0
LARISSA LITTLETON-STEIB	BOARD MEMBER	2.00	Director	$0	$0	$0
THOMAS MABON	TREASURER	2.00	Officer Director	$0	$0	$0
GILBERT MONTANO	CHAIR	2.00	Officer Director	$0	$0	$0
HELENA MORENO	COUNCILMEMBE	2.00	Director	$0	$0	$0
R ERICH CAULFIELD PHD	BOARD MEMBER	2.00	Director	$0	$0	$0
CHARLES RICE	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRISTY SLATER	BOARD MEMBER	2.00	Director	$0	$0	$0
RON STONE	BOARD MEMBER	2.00	Director	$0	$0	$0
GUY WILLIAMS	BOARD MEMBER	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
2023	$3,743,763	$4,447,471	$4,536,164	$-703,708
2022	$4,026,850	$5,644,705	$4,394,444	$-1,617,855
2021	$7,098,750	$4,997,365	$6,555,386	$2,101,385
2020	$7,622,462	$8,369,942	$4,300,032	$-747,480
2019	$7,497,648	$7,603,807	$4,893,617	$-106,159
2018	$8,909,409	$5,661,541	$4,557,689	$3,247,868

NOLA BUSINESS ALLIANCE