EDUCARE NEW ORLEANS (EIN 453788164) - 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

2011

Legal Domicile

Principal Officer

GERARD W BAROUSSE JR

Phone

5045231701

Tax Period

2023-01-01 to 2023-12-31

EDUCARE NEW ORLEANS, founded in 2011, is a small nonprofit in the Education sector that reported $406K in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $678K exceeded revenue, resulting in a 67% operating deficit.

Mission

EDUCARE NEW ORLEANS WAS ORGANIZED TO DEVELOP, BUILD, AND OPERATE A HIGH QUALITY EARLY EDUCATION SCHOOL, WITHIN THE MIXED INCOME COLUMBIA PARC COMMUNITY, ON THE SITE OF THE FORMER ST. BERNARD PUBLIC HOUSING DEVELOPMENT.

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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 $368,944

Program Service Revenue $35,973

Investment Income $0

Other Revenue $1,270

TOTAL REVENUE $406,187

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $65,677

Program Expenses $612,610

Other Expenses $678,287

TOTAL EXPENSES $678,287

Year-over-Year Comparison

	2023	2022	Change
Revenue	$406,187	$598,659	-0.3%
Expenses	$678,287	$738,997	-0.1%
Net Income	$-272,100	$-140,338	+0.9%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

637

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

$97,560

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GERARD W BAROUSSE JR	IMMEDIATE PAST CHAIRMAN	1.00	Officer Director	$0	$0	$0
KEITH H LIEDERMAN	CEO	1.00	Officer Director	$0	$0	$0
MICHAEL RODRIGUE	BOARD MEMBER	1.00	Director	$0	$0	$0
DARRAH SCHAEFER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ERIC BUCHANAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIA POTE	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
ERNEST PRICE JR	TREASURER	1.00	Officer Director	$0	$0	$0
SAJA JUDEH	BOARD MEMBER	1.00	Director	$0	$0	$0
KEA SHERMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ANGELIQUE SHORTY-BELISLE	SCHOOL DIRECTOR	40.00	Officer	$0	$0	$97,560

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	$406,187	$678,287	$6,268,452	$-272,100
2022	$598,659	$738,997	$6,513,649	$-140,338
2021	$814,197	$1,049,553	$6,700,333	$-235,356
2020	$609,268	$1,042,121	$7,169,780	$-432,853
2019	$9,550,683	$936,902	$7,248,335	$8,613,781
2018	$1,013,549	$1,288,504	$7,810,695	$-274,955

EDUCARE NEW ORLEANS