NEW ORLEANS SCHOOL FACILITY FINANCE FOUNDATION INC (EIN 463775207) - 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

2013

Legal Domicile

Principal Officer

WIL JACOBS

Phone

5043736200

Tax Period

2023-01-01 to 2023-12-31

NEW ORLEANS SCHOOL FACILITY FINANCE FOUNDATION INC, founded in 2013, is a small nonprofit in the Education sector that reported $561K in total revenue in fiscal year 2023. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $2.7M exceeded revenue, resulting in a 373% operating deficit.

Mission

TO ENTER INTO AGREEMENTS AND TO ENGAGE IN FINANCING ARRANGEMENTS FOR THE PLANNING, RENOVATION, CONSTRUCTION, LEASING, SUBLEASING, MANAGING, AND IMPROVING OF PUBLIC AND/OR CHARTER SCHOOLS AND SCHOOL PROPERTY WITHIN THE PARISH OF NEW ORLEANS, 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $561,094

TOTAL REVENUE $561,094

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,655,180

Other Expenses $2,655,180

TOTAL EXPENSES $2,655,180

Year-over-Year Comparison

	2023	2022	Change
Revenue	$561,094	$1,335,542	-0.6%
Expenses	$2,655,180	$3,454,939	-0.2%
Net Income	$-2,094,086	$-2,119,397	0.0%

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

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
WIL JACOBS	CHAIR	1.00	Officer Director	$0	$0	$0
KYLE WALKER	TREASURER-SECRETARY	1.00	Officer Director	$0	$0	$0
NICHOLAS LACOUR	BOARD MEMBER	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
2024	No data	No data	No data	No data
2023	$561,094	$2,655,180	$70,967,604	$-2,094,086
2022	$1,335,542	$3,454,939	$101,442,783	$-2,119,397
2021	$1,309,211	$4,565,412	$104,818,685	$-3,256,201
2020	$12,148,999	$14,363,612	$110,673,273	$-2,214,613
2019	$18,090,678	$3,219,417	$127,584,915	$14,871,261
2018	$13,154,441	$2,047,996	$116,162,305	$11,106,445

NEW ORLEANS SCHOOL FACILITY FINANCE FOUNDATION INC