NOLA 23 (EIN 465178572) - 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

2015

Legal Domicile

Principal Officer

EVELYN JENKINS FREIBERG

Phone

5044813350

Tax Period

2024-01-01 to 2024-12-31

NOLA 23, founded in 2015, is a micro nonprofit in the Youth Development sector that reported $10 in total revenue in fiscal year 2024. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $159 exceeded revenue, resulting in a 1490% operating deficit.

Mission

TO PROVIDE AND ORGANIZE AAU BASKETBALL TEAMS INCLUDING BUS SERVICE, TEAM UNIFORMS AND SHOES, TOURNAMENT FEES, TRAVEL AND LODGING, TRAVEL MEALS, TRAVEL FEES, TUTORING, MEALS, COUNSELING, FAMILY SUPPORT, AND MENTORING.

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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 $10

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $10

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $159

Other Expenses $159

TOTAL EXPENSES $159

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10	$13,633	-1.0%
Expenses	$159	$14,112	-1.0%
Net Income	$-149	$-479	-0.7%

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
EVELYN JENKINS FREIBERG	PRESIDENT/DI	N/A	Director	$0	$0	$0
HEIDI GAITAN	EXECUTIVE VI	N/A	Officer	$0	$0	$0
TRISHA TRAN	SECRETARY/TR	N/A	Officer	$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	$10	$159	$4,810	$-149
2023	$13,633	$14,112	$4,959	$-479
2022	$36,300	$35,613	$5,438	$687
2021	$21,000	$15,808	$4,751	$5,192
2020	$39,100	$12,639	$12,212	$26,461
2019	$60,400	$57,834	$21,881	$2,566
2018	$153,375	$145,368	$36,032	$8,007

NOLA 23