KNIGHTS OF REVELRY INC

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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

1964

Legal Domicile

Principal Officer

CHRIS PATTERSON

Phone

2514767685

Tax Period

2024-05-01 to 2025-04-30

KNIGHTS OF REVELRY INC, founded in 1964, is a small nonprofit that reported $889K in total revenue in fiscal year 2024. Revenue fell 40% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE AN ANNUAL PARADE FOR THE PUBLIC AND A BALL/RECEPTION FOR MEMBERS AND INVITED GUESTS.

Program Service Accomplishments

Program 1

Expenses: $888,554 Revenue: $893,198

AN ANNUAL PARADE IS THROWN WHICH INVOLVES SEVERAL FLOATS, HIGH SCHOOL MARCHING BANDS, AND OTHER PARADE UNITS. AN ESTIMATED 60,000 SPECTATORS ATTEND THE PARADE. THE ORGANIZATION THROWS AN ANNUAL BALL DURING THE MARDI GRAS SEASON. APPROXIMATELY 400 MEMBERS AND THEIR GUESTS ATTEND. THERE ARE VARIOUS MEMBER-ONLY ACTIVITIES AND SCHEDULED MEETINGS DURING THE YEAR TO SUPPORT THE ANNUAL MARDI GRAS PARADE AND BALL AND TO SUSTAIN MEMBERSHIP.

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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 $893,198

Investment Income $9,659

Other Revenue $-13,759

TOTAL REVENUE $889,098

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $888,554

Other Expenses $911,860

TOTAL EXPENSES $911,860

Year-over-Year Comparison

	2024	2023	Change
Revenue	$889,098	$1,485,741	-0.4%
Expenses	$911,860	$1,248,970	-0.3%
Net Income	$-22,762	$236,771	-1.1%

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
BOB ALSTON	CO-TREASURER	N/A	Officer	$0	$0	$0
TOM CUNNINGHAM	PRESIDENT	N/A	Officer	$0	$0	$0
VERNON FOWLES	INVITATION C	N/A	Officer	$0	$0	$0
TIM HOFFMAN	DESIGN CHAIR	N/A	Officer	$0	$0	$0
BRIAN PAPE	AT LARGE	N/A	Officer	$0	$0	$0
CHRIS PATTERSON	CO-TREASURER	N/A	Officer	$0	$0	$0
GERON REGAN	SECRETARY	N/A	Officer	$0	$0	$0
MIKE REID	VICE PRESIDE	N/A	Officer	$0	$0	$0
DAVID SWEAT	PAST PRESIDE	N/A	Officer	$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	$889,098	$911,860	$652,219	$-22,762
2024	$1,485,741	$1,248,970	$669,981	$236,771
2023	$912,097	$941,720	$534,625	$-29,623
2022	$746,008	$863,650	$453,914	$-117,642
2021	$591,290	$367,357	$560,964	$223,933
2020	$666,719	$526,463	$336,531	$140,256
2019	$652,090	$644,635	$261,275	$7,455