KREWE OF NEPTUNE

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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

2013

Legal Domicile

Principal Officer

KENNETH D BEVERIN

Phone

2286694917

Tax Period

2024-05-01 to 2025-04-30

KREWE OF NEPTUNE, founded in 2013, is a small nonprofit in the Recreation & Sports sector that reported $694K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $779K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROVIDE ALL INVITED MALES ALONG THE STATES BORDERING THE MS GULF COAST THE OPPORTUNITY TO FRATERNIZE AND JOIN IN THE BONDS OF BROTHERHOOD WITH FELLOW MEMBERS OF THE KREWE OF NEPTUNE. ALL MEMBERS SHALL UTILIZE THEIR POSITIONS WITHIN THE CORPORATION TO PROMOTE CARNIVAL ALONG THE MISSISSIPPI GULF COAST. ALL MEMBERS ACKNOWLEDGE THAT THIS IS PURELY A MEN'S SOCIAL ORGANIZATION THAT HOSTS PARADES, BALLS, PARTIES, DINNERS, AND OTHER VARIOUS EVENTS THROUGHOUT THE YEAR. MEMBERSHIP IS STRICTLY LIMITED TO THOSE INVITED MALES.

Program Service Accomplishments

Program 1

Expenses: $85,021

MARDI GRAS CARNIVAL STREET PARADE IN BILOXI MS

Program 2

Expenses: $347,487

MARDI GRAS CARNIVAL CORONATION BALL

Program 3

Expenses: $250,695

OTHER SOCIAL EVENTS SUCH AS A BBQ COOKOFF, PUB CRAWL, MEMBERSHIP PARTIES, ETC.

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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 $342,481

Program Service Revenue $0

Investment Income $0

Other Revenue $351,326

TOTAL REVENUE $693,807

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $683,203

Other Expenses $778,791

TOTAL EXPENSES $778,791

Year-over-Year Comparison

	2024	2023	Change
Revenue	$693,807	$629,897	+0.1%
Expenses	$778,791	$729,891	+0.1%
Net Income	$-84,984	$-99,994	-0.2%

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

100

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
KENNETH D BEVERIN	CEO AND CAPTAIN	10.00	Officer Director	$0	$0	$0
BILLY MOORE	OFFICER	5.00	Officer Director	$0	$0	$0
MADISON ROSONET	OFFICER	5.00	Officer Director	$0	$0	$0
KRISTINA TROCHESSET	OFFICER	5.00	Officer Director	$0	$0	$0
BRAD LOTT	OFFICER	5.00	Officer Director	$0	$0	$0
DANIEL LOZADA	OFFICER	5.00	Officer Director	$0	$0	$0
KENNY GLAVAN	OFFICER	5.00	Officer Director	$0	$0	$0
RICHARD LANDRY	OFFICER	5.00	Officer Director	$0	$0	$0
DANIEL DAMICO	OFFICER	5.00	Officer Director	$0	$0	$0
JOSH PURVINES	OFFICER	5.00	Officer Director	$0	$0	$0
GLENN HEBERT	OFFICER	5.00	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
2025	$693,807	$778,791	$262,951	$-84,984
2024	$629,897	$729,891	$311,522	$-99,994
2023	$567,211	$640,710	$384,404	$-73,499
2022	$374,347	$367,974	$469,462	$6,373
2021	$152,137	$110,988	$106,372	$41,149
2020	$422,381	$420,689	$65,223	$1,692