FRIENDS OF KIPP NEW ORLEANS INC (EIN 300951727) - 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

2016

Legal Domicile

Principal Officer

KATHRYN WALMSLEY

Phone

5045134261

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF KIPP NEW ORLEANS INC, founded in 2016, is a community nonprofit in the Education sector that reported $7.6M in total revenue in fiscal year 2024. Revenue surged 532% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.2M, a strong 94% operating margin.

Mission

TO BENEFIT AND SUPPORT KIPP NEW ORLEANS, INC., AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3).

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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 $7,203,724

Program Service Revenue $0

Investment Income $350,966

Other Revenue $50,600

TOTAL REVENUE $7,605,290

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $145,753

Other Expenses $432,164

TOTAL EXPENSES $432,164

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,605,290	$1,203,380	+5.3%
Expenses	$432,164	$512,358	-0.2%
Net Income	$7,173,126	$691,022	+9.4%

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

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
LARRY WASHINGTON	DIRECTOR, VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LAMAR G VILLERE	DIRECTOR, TREASURER	1.00	Officer Director	$0	$0	$0
KEITH MILLER	DIRECTOR	1.00	Director	$0	$0	$0
DANIELLE WILLIS	DIRECTOR	1.00	Director	$0	$0	$0
JODI AAMODT	DIRECTOR	1.00	Director	$0	$0	$0
RHONDA KALIFEY-ALUISE	DIRECTOR, PRESIDENT	1.00	Officer Director	$0	$0	$0
KATIE WALMSLEY	SECRETARY	1.00	Officer Director	$0	$0	$0
BARRET GREEN	DIRECTOR	1.00	Director	$0	$0	$0
REGINALD JACKSON	DIRECTOR	1.00	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
2025	$7,605,290	$432,164	$22,842,133	$7,173,126
2024	$1,203,380	$512,358	$15,976,562	$691,022
2023	$1,303,599	$461,030	$15,849,710	$842,569
2022	$1,411,638	$639,018	$15,843,832	$772,620
2021	$1,743,147	$876,593	$16,518,248	$866,554
2020	$1,426,718	$535,180	$16,089,422	$891,538
2019	$1,590,322	$526,603	$16,279,386	$1,063,719
2018	$3,986,190	$734,745	$15,961,886	$3,251,445
2017	No data	No data	$600,000	No data

FRIENDS OF KIPP NEW ORLEANS INC