Golden Pyramid Inc (EIN 611817428) - 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

Raymond Carreras

Phone

5045258639

Tax Period

2024-04-01 to 2025-03-31

Golden Pyramid Inc, founded in 2015, is a community nonprofit in the Community Improvement sector that reported $3.7M in total revenue in fiscal year 2024. Expenses of $3.4M left a modest 7% surplus.

Mission

Celebrating and promoting Mardi Gras and the City of New Orleans by way of a Parade, Ball, and other means.

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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 $0

Program Service Revenue $3,631,939

Investment Income $20,059

Other Revenue $0

TOTAL REVENUE $3,651,998

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,189,183

Other Expenses $3,400,042

TOTAL EXPENSES $3,410,042

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,651,998	$3,459,954	+0.1%
Expenses	$3,410,042	$3,003,943	+0.1%
Net Income	$241,956	$456,011	-0.5%

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
Raymond Carreras	President	5.00	Officer Director	$0	$0	$0
Timothy Melancon	Treasurer	10.00	Officer Director	$0	$0	$0
John Tessitore	Secretary	10.00	Officer Director	$0	$0	$0
William Dantagnan	Financial Secretary	10.00	Officer Director	$0	$0	$0
Carmello Tessitore	Director	5.00	Officer Director	$0	$0	$0
David Larsen	Vice-President	1.00	Officer Director	$0	$0	$0
Gerald Scheuermann	Director	1.00	Officer Director	$0	$0	$0
Pendleton Larsen	Director	20.00	Officer Director	$0	$0	$0
Norman Pettingill	Director	1.00	Officer 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
2025	$3,651,998	$3,410,042	$2,464,620	$241,956
2024	$3,459,954	$3,003,943	$2,207,831	$456,011
2023	$3,208,173	$3,020,402	$1,768,035	$187,771
2022	$1,755,561	$1,865,582	$1,565,604	$-110,021
2021	$1,271,583	$1,069,879	$1,664,618	$201,704
2020	$2,563,324	$2,437,945	$1,493,277	$125,379
2019	$2,290,893	$2,272,665	$1,346,592	$18,228
2018	$2,318,627	$2,169,708	$1,319,611	$148,919

Golden Pyramid Inc