Marigny Opera House Foundation

EIN: 454231295 501(c)(3) Arts, Culture & Humanities

New Orleans, LA

Total Revenue
$628,901
Total Expenses
$592,066
Total Assets
$49,838
Net Assets
$48,838
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
LA
Phone
5049489998
Tax Period
2024-09-01 to 2025-08-31

Marigny Opera House Foundation, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $629K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $592K left a modest 6% surplus.

Mission

To better the lives of the people of New Orleans by returning the former Holy Trinity Church building to its former place in the community as a spiritual and artistic resource center of the performing arts and a place for community gatherings, celebrations, and weddings.

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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 (2024)

Revenue Breakdown

Contributions & Grants $190,027
Program Service Revenue $383,837
Investment Income $10,770
Other Revenue $44,267
TOTAL REVENUE $628,901

Expense Breakdown

Grants Paid $0
Salaries & Benefits $207,465
Fundraising Expenses $31,403
Program Expenses $449,161
Other Expenses $384,601
TOTAL EXPENSES $592,066

Year-over-Year Comparison

2024 2023 Change
Revenue $628,901 $527,896 +0.2%
Expenses $592,066 $528,222 +0.1%
Net Income $36,835 $-326 -114.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
8
Employees
4
Volunteers
3

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
5
$86,539
Total Directors
10
$30,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Evan Hammond Former ED 40.00
Officer
$56,539 $0 $56,539
Scott R King Treasurer 5.00
Officer Director
$30,000 $0 $30,000
Dave Hurlbert Executive Director 40.00
Officer Director
$0 $0 $0
Rick Fifield Director 1.00
Director
$0 $0 $0
Julian Mutter Director 1.00
Director
$0 $0 $0
Betsy Fifield Director 1.00
Director
$0 $0 $0
Peter Webb Director 1.00
Director
$0 $0 $0
Rex Leatherbury President 5.00
Officer Director
$0 $0 $0
Martha Leatherbury Secretary 5.00
Officer Director
$0 $0 $0
Salvatore Giambanco Director 1.00
Director
$0 $0 $0
Terry Dufrene 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 $628,901 $592,066 $49,838 $36,835
2024 $527,896 $528,222 $13,003 $-326
2023 $528,195 $616,597 $23,269 $-88,402
2022 $501,265 $581,277 $111,671 $-80,012
2021 $411,060 $268,616 $195,450 $142,444
2020 $441,932 $424,164 $49,340 $17,768
2019 $439,074 $452,885 $31,572 $-13,811
2018 $444,205 $383,275 $45,383 $60,930
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