ANSWER ALS

EIN: 471643994 501(c)(3) Diseases & Disorders

NEW ORLEANS, LA

Total Revenue
$2,817,907
Total Expenses
$3,245,884
Total Assets
$7,362,169
Net Assets
$6,897,505
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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
2014
Legal Domicile
LA
Principal Officer
CLARE DURRETT
Phone
8004902375
Tax Period
2024-01-01 to 2024-12-31

ANSWER ALS, founded in 2014, is a community nonprofit in the Diseases & Disorders sector that reported $2.8M in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $3.2M exceeded revenue, resulting in a 15% operating deficit.

Mission

TO FIND SOLUTIONS FOR PEOPLE LIVING WITH ALS NOW AND FOR THE FUTURE BY UTILIZING KNOWLEDGE OF PATIENTS, LEADING RESEARCHERS AND TECHNOLOGY TO SEEK IMMEDIATE SOLUTIONS TO IMPROVE THE LIVES OF THOSE LIVING WITH ALS UNTIL A TREATMENT OR CURE IS FOUND; DISCOVER WHAT CAUSES ALS; DEVELOP MODELS TO UNDERSTAND ALS AND SCREEN FOR DRUG AND CELLULAR THERAPY; DISCOVER THERAPIES THAT COULD SUBSTANTIALLY SLOW OR HALT THE PROGRESS OF ALS AND ULTIMATELY CURE THE DISEASE; PROVIDE ALL GATHERED INFORMATION FREE FOR WORLDWIDE USE BY CLINICIANS, SCIENTISTS AND PHARMA TO RAPIDLY ADVANCE THERAPEUTICS.

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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 $2,666,669
Program Service Revenue $0
Investment Income $151,238
Other Revenue $0
TOTAL REVENUE $2,817,907

Expense Breakdown

Grants Paid $2,621,161
Salaries & Benefits $66,803
Fundraising Expenses $38,384
Program Expenses $3,140,619
Other Expenses $557,920
TOTAL EXPENSES $3,245,884

Year-over-Year Comparison

2024 2023 Change
Revenue $2,817,907 $3,651,316 -0.2%
Expenses $3,245,884 $2,890,451 +0.1%
Net Income $-427,977 $760,865 -1.6%
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

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Governance

Voting Members
9
Independent Members
9
Employees
1
Volunteers
20

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
3
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BEVERLY GOULET BOARD CHAIR 1.00
Officer Director
$0 $0 $0
CLARE DURRETT MANAGING DIRECTOR 20.00
Officer Director
$0 $0 $0
PAUL VARISCO BOARD MEMBER 5.00
Officer Director
$0 $0 $0
STEVE GLEASON BOARD MEMBER 1.00
Director
$0 $0 $0
WILLIAM J QUINLAN JR BOARD MEMBER 1.00
Director
$0 $0 $0
STEVE FINKBEINER BOARD MEMBER 1.00
Director
$0 $0 $0
PAT QUINN BOARD MEMBER EMERITUS 1.00
Director
$0 $0 $0
S MICHELLE FARR BOARD MEMBER 1.00
Director
$0 $0 $0
ELIZABETH BRUCE BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN COSTELLO BOARD MEMBER 1.00
Director
$0 $0 $0
COLLEEN STEPHENS CHIEF OF STAFF 40.00
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 $2,817,907 $3,245,884 $7,362,169 $-427,977
2023 $3,651,316 $2,890,451 $7,363,198 $760,865
2022 $-12,049 $1,225,402 $6,354,337 $-1,237,451
2021 $1,800,662 $2,468,582 $7,757,258 $-667,920
2020 $2,276,502 $1,747,379 $8,316,048 $529,123
2019 $1,360,589 $2,336,639 $8,202,383 $-976,050
2018 $8,405,871 $1,656,771 $9,195,404 $6,749,100
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