Terrebonne Economic Development Foundation (EIN 581866575) - 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

1989

Legal Domicile

Principal Officer

Cohen Guidry

Phone

9858736454

Tax Period

2024-01-01 to 2024-12-31

Terrebonne Economic Development Foundation, founded in 1989, is a micro nonprofit that reported $96K in total revenue in fiscal year 2024. Revenue surged 7866% from the prior year, signaling strong growth momentum. Expenses of $194K exceeded revenue, resulting in a 103% operating deficit.

Mission

Promoting industrial improvement

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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 $100,000

Program Service Revenue $0

Investment Income $-4,247

Other Revenue $0

TOTAL REVENUE $95,753

Expense Breakdown

Grants Paid $77,250

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $77,250

Other Expenses $117,244

TOTAL EXPENSES $194,494

Year-over-Year Comparison

	2024	2023	Change
Revenue	$95,753	$1,202	+78.7%
Expenses	$194,494	$99,364	+1.0%
Net Income	$-98,741	$-98,162	+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

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

$96,166

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael J Garcia MD	President	1.00	Officer Director	$0	$0	$0
Jason Underwood	Vice-President	1.00	Officer Director	$0	$0	$0
Robert A Barthel	Secretary	1.00	Officer Director	$0	$0	$0
Nicholas Paul Hebert	Treasurer	1.00	Officer Director	$0	$0	$0
Christian Lapeyre	Director	1.00	Director	$0	$0	$0
Michael Lagarde	Director	1.00	Director	$0	$0	$0
Kelly Reeves	Director	1.00	Director	$0	$96,166	$96,166
Cohen Guidry	CEO	50.00	Officer Director	$0	$0	$0
Ivan Williams	Director	1.00	Director	$0	$0	$0
CJ Domangue	Director	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	$95,753	$194,494	$515,374	$-98,741
2023	$1,202	$99,364	$517,949	$-98,162
2022	$66,465	$158,230	$616,111	$-91,765
2021	$1,454,019	$845,010	$707,877	$609,009
2020	$501,842	$488,662	$135,996	$13,180

Terrebonne Economic Development Foundation