THE CONTINENTAL FOUNDATION

EIN: 330876288 501(c)(3)

SHREVEPORT, LA

Total Revenue
$7,813,624
Total Expenses
$1,605,514
Total Assets
$52,651
Net Assets
$35,000
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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
1999
Legal Domicile
LA
Principal Officer
ELINOR CONROY
Phone
9499296015
Tax Period
2023-01-01 to 2023-12-31

THE CONTINENTAL FOUNDATION, founded in 1999, is a community nonprofit that reported $7.8M in total revenue in fiscal year 2023. Revenue surged 469% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.2M, a strong 79% operating margin.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO OPERATE AND MAINTAIN LOW INCOME HOUSING.

Program Service Accomplishments

Program 1
Expenses: $1,524,078 Revenue: $1,177,805

THE ORGANIZATION PROVIDED AND MAINTAINED 200 UNITS OF LOW INCOME HOUSING IN SHREVEPORT, LOUISIANA.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $243,592
Program Service Revenue $934,213
Investment Income $5,634,532
Other Revenue $1,001,287
TOTAL REVENUE $7,813,624

Expense Breakdown

Grants Paid $0
Salaries & Benefits $480,850
Fundraising Expenses $0
Program Expenses $1,524,078
Other Expenses $1,124,664
TOTAL EXPENSES $1,605,514

Year-over-Year Comparison

2023 2022 Change
Revenue $7,813,624 $1,374,058 +4.7%
Expenses $1,605,514 $1,855,711 -0.1%
Net Income $6,208,110 $-481,653 -13.9%
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

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Governance

Voting Members
3
Independent Members
2
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
3
$65,000
Total Directors
3
$65,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELINOR CONROY President 20.00
Officer Director
$65,000 $0 $65,000
MICHAEL J PELLEGRINO Treasurer 0.00
Officer Director
$0 $0 $0
TABITHA HESTER Secretary 0.00
Officer 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 $7,813,624 $1,605,514 $52,651 $6,208,110
2022 $1,374,058 $1,855,711 $3,071,895 $-481,653
2021 $1,485,191 $2,392,528 $3,292,451 $-907,337
2020 $769,512 $2,053,192 $3,823,354 $-1,283,680
2019 $1,361,428 $1,821,438 $3,702,325 $-460,010
2018 $1,394,894 $1,597,325 $4,072,078 $-202,431
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