NEW ORLEANS RECREATION DEVELOPMENT FOUNDATION (EIN 274513946) - 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

ERNEST P PRICE JR

Phone

5049196049

Tax Period

2023-01-01 to 2023-12-31

NEW ORLEANS RECREATION DEVELOPMENT FOUNDATION, founded in 2010, is a community nonprofit in the Recreation & Sports sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 202% from the prior year, signaling strong growth momentum. Expenses of $1.0M left a modest 7% surplus.

Mission

THE FOUNDATION FACILITATES INVESTMENT IN ORLEANS PARISH PUBLIC RECREATION.

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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 $1,128,770

Program Service Revenue $0

Investment Income $1,364

Other Revenue $0

TOTAL REVENUE $1,130,134

Expense Breakdown

Grants Paid $970,942

Salaries & Benefits $30,840

Fundraising Expenses $30,992

Program Expenses $970,942

Other Expenses $47,721

TOTAL EXPENSES $1,049,503

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,130,134	$374,421	+2.0%
Expenses	$1,049,503	$561,678	+0.9%
Net Income	$80,631	$-187,257	-1.4%

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

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
KAREN S DEBLIEUX	Director	1.00	Director	$0	$0	$0
KELISHA GARRETT	Director	1.00	Director	$0	$0	$0
ERNEST P PRICE JR	Chairman	5.00	Officer	$0	$0	$0
LOUIS LAURICELLA	PAST CHAIRMAN	1.00	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	No data	No data	No data	No data
2023	$1,130,134	$1,049,503	$1,019,552	$80,631
2022	$374,421	$561,678	$938,196	$-187,257
2021	$765,942	$485,133	$1,125,779	$280,809
2020	$397,034	$563,740	$845,150	$-166,706
2019	$903,419	$1,159,183	$1,021,536	$-255,764

NEW ORLEANS RECREATION DEVELOPMENT FOUNDATION