SOUTH LOUISIANA ECONOMIC COUNCIL (EIN 581641910) - 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

1984

Legal Domicile

Principal Officer

CHRISTY NAQUIN

Phone

9854484485

Tax Period

2024-01-01 to 2024-12-31

SOUTH LOUISIANA ECONOMIC COUNCIL, founded in 1984, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024.

Mission

ECONOMIC DEVELOPMENT

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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 $1,196,663

Program Service Revenue $0

Investment Income $60

Other Revenue $0

TOTAL REVENUE $1,196,723

Expense Breakdown

Grants Paid $27,939

Salaries & Benefits $424,002

Fundraising Expenses $0

Program Expenses $968,335

Other Expenses $727,934

TOTAL EXPENSES $1,179,875

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,196,723	$1,177,239	+0.0%
Expenses	$1,179,875	$1,059,824	+0.1%
Net Income	$16,848	$117,415	-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

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

$133,226

Total Directors

$133,226

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VIC LAFONT	PRESIDENT/CE	40.00	Officer Director	$110,149	$0	$110,149
CHRISTY NAQUIN	PRESIDENT/CE	40.00	Officer Director	$23,077	$0	$23,077
CHETT CHIASSON	CHAIRMAN	N/A	Officer Director	$0	$0	$0
MARGUERITE ERWIN	VICE CHAIRMA	N/A	Officer Director	$0	$0	$0
BART FOLSE	BOARD MEMBER	N/A	Director	$0	$0	$0
MARILYN MACIK-FREY	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
SCOTT MELANCON	BOARD MEMBER	N/A	Director	$0	$0	$0
MATTHEW NEWCHURCH	BOARD MEMBER	N/A	Director	$0	$0	$0
STEVIE SMITH	BOARD MEMBER	N/A	Director	$0	$0	$0
KRISTINE STRICKLAND	BOARD MEMBER	N/A	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	$1,196,723	$1,179,875	$611,081	$16,848
2023	$1,177,239	$1,059,824	$511,759	$117,415
2022	$877,153	$785,571	$487,426	$91,582
2021	$631,173	$584,145	$410,078	$47,028
2020	$476,884	$559,724	$427,971	$-82,840
2019	$532,365	$725,963	$422,341	$-193,598
2018	$547,302	$528,142	$611,138	$19,160

SOUTH LOUISIANA ECONOMIC COUNCIL