2018 NOLA FOUNDATION (EIN 472294693) - 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

2014

Legal Domicile

Principal Officer

RICHARD CORTIZAS

Phone

5042848688

Tax Period

2020-01-01 to 2020-12-31

2018 NOLA FOUNDATION, founded in 2014, is a micro nonprofit that reported $6K in total revenue in fiscal year 2020. Revenue fell 88% from the prior year — a significant decline worth monitoring. Expenses of $17K exceeded revenue, resulting in a 162% operating deficit.

Mission

THE MISSION OF THE FOUNDATION IS TO PROMOTE THE 300TH ANNIVERSARY OF THE CITY OF NEW ORLEANS IN 2018. THE FOUNDATION'S EFFORTS ARE FOCUSED ON RAISING AWARENESS ABOUT THE CULTURAL SIGNIFICANCE OF THE CITY AND ITS EVOLUTION OVER TIME. THE FOUNDATION IS ALSO RESTORING HISTORIC GALLIER HALL, AS WELL AS PLANNING MULTIPLE EVENTS TO COMMEMORATE THE TRICENTENNIAL.

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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 (2020)

Revenue Breakdown

Contributions & Grants $3,565

Program Service Revenue $0

Investment Income $0

Other Revenue $2,929

TOTAL REVENUE $6,494

Expense Breakdown

Grants Paid $10,494

Salaries & Benefits $0

Fundraising Expenses $400

Program Expenses $10,494

Other Expenses $6,493

TOTAL EXPENSES $16,987

Year-over-Year Comparison

	2020	2019	Change
Revenue	$6,494	$55,927	-0.9%
Expenses	$16,987	$139,291	-0.9%
Net Income	$-10,493	$-83,364	-0.9%

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
RICHARD CORTIZAS	CHAIR	1.00	Officer Director	$0	$0	$0
TIMOTHY FRANCIS	SECRETARY	1.00	Officer Director	$0	$0	$0
STEPHEN HALES	TREASURER	1.00	Officer Director	$0	$0	$0
LAWRENCE KULLMAN	MEMBER	1.00	Director	$0	$0	$0
DIANA LEWIS	MEMBER	1.00	Director	$0	$0	$0
PHALA MIRE	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
2020	$6,494	$16,987	No data	$-10,493
2019	$55,927	$139,291	$10,493	$-83,364
2018	$2,199,780	$3,525,513	$276,280	$-1,325,733

2018 NOLA FOUNDATION