LOUISIANA RESTAURANT ASSOCIATION INC

EIN: 720362855

METAIRIE, LA

Total Revenue
$3,062,224
Total Expenses
$3,481,801
Total Assets
$8,896,149
Net Assets
$8,406,841
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1946
Legal Domicile
LA
Principal Officer
JAMES S HARRIS
Phone
5044542277
Tax Period
2024-01-01 to 2024-12-31

LOUISIANA RESTAURANT ASSOCIATION INC, founded in 1946, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2024. Expenses of $3.5M exceeded revenue, resulting in a 14% operating deficit.

Mission

HOSPITALITY INDUSTRY TRADE ASSOCIATION

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,344,842
Program Service Revenue $821,945
Investment Income $209,179
Other Revenue $686,258
TOTAL REVENUE $3,062,224

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,584,102
Fundraising Expenses $0
Program Expenses $2,190,044
Other Expenses $1,897,699
TOTAL EXPENSES $3,481,801

Year-over-Year Comparison

2024 2023 Change
Revenue $3,062,224 $3,004,497 +0.0%
Expenses $3,481,801 $3,106,191 +0.1%
Net Income $-419,577 $-101,694 +3.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
41
Independent Members
41
Employees
30
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
6
$789,796
Total Directors
39
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATT MASSEY DIRECTOR 0.50
Director
$0 $0 $0
MICKEY FREIBERG DIRECTOR 0.50
Director
$0 $0 $0
MICHAEL BOUDREAUX DIRECTOR 0.50
Director
$0 $0 $0
PETER SCLAFANI AT LARGE COMMITTEE MEMBER 0.50
Director
$0 $0 $0
BOBBY HUFFT DIRECTOR 0.50
Director
$0 $0 $0
RANDY BARRIOS DIRECTOR 0.50
Director
$0 $0 $0
BILLY CLARK AT LARGE COMMITTEE MEMBER 0.50
Director
$0 $0 $0
TONY ABADIE DIRECTOR 0.50
Director
$0 $0 $0
MICHAEL EASTMAN DIRECTOR 0.50
Director
$0 $0 $0
NICK HAZARD DIRECTOR 0.50
Director
$0 $0 $0
HELEN LEBOURGEOIS DIRECTOR 0.50
Director
$0 $0 $0
GREG REGGIO DIRECTOR 0.50
Director
$0 $0 $0
PAUL ROTNER DIRECTOR 0.50
Director
$0 $0 $0
RANDY STEIN DIRECTOR 0.50
Director
$0 $0 $0
ROB KING DIRECTOR 0.50
Director
$0 $0 $0
GREGORY HAMER DIRECTOR 0.50
Director
$0 $0 $0
MELVIN RODRIGUE DIRECTOR 0.50
Director
$0 $0 $0
RALPH BRENNAN DIRECTOR 0.50
Director
$0 $0 $0
ALAN GUILBEAU CHAIR 0.50
Officer Director
$0 $0 $0
DWIGHT PRUDHOMME DIRECTOR 0.50
Director
$0 $0 $0
MARK LATTER VICE CHAIR 0.50
Officer Director
$0 $0 $0
BRUCE ATTINGER DIRECTOR 0.50
Director
$0 $0 $0
KATY CASBARIAN DIRECTOR 0.50
Director
$0 $0 $0
JOHN LALLA DIRECTOR 0.50
Director
$0 $0 $0
MICHAEL MAENZA IMMEDIATE PAST CHAIR 0.50
Director
$0 $0 $0
OCTAVIO MANTILLA TREASURER 0.50
Officer Director
$0 $0 $0
KEITH BOND DIRECTOR 0.50
Director
$0 $0 $0
EMERY WHALEN SECRETARY 0.50
Officer Director
$0 $0 $0
GEORDIE BROWER III DIRECTOR 0.50
Director
$0 $0 $0
GLEN ARMANTROUT DIRECTOR 0.50
Director
$0 $0 $0
JAKE PALMER DIRECTOR 0.50
Director
$0 $0 $0
JASON JONES DIRECTOR 0.50
Director
$0 $0 $0
STEPHEN HIGHTOWER DIRECTOR 0.50
Director
$0 $0 $0
SCOTT RICCI DIRECTOR 0.50
Director
$0 $0 $0
BRAD WATTS DIRECTOR 0.50
Director
$0 $0 $0
RANDY DANIEL DIRECTOR 0.50
Director
$0 $0 $0
MEGAN KLOCK DIRECTOR 0.50
Director
$0 $0 $0
GARRET LEBLANC DIRECTOR 0.50
Director
$0 $0 $0
PAUL HUTSON DIRECTOR 0.50
Director
$0 $0 $0
JAMES S HARRIS PRESIDENT/CEO 40.00
Officer
$737,340 $52,456 $789,796
SHERRI SPINELLI CFO 0.50
Officer
$0 $0 $0
PAMELA ST PIERRE EMPLOYEE 40.00
Highest
$178,199 $44,045 $222,244
WENDY WAREN EMPLOYEE 40.00
Highest
$120,846 $600 $121,446
WILL DUBOS EMPLOYEE 40.00
Highest
$102,614 $15,029 $117,643
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 $3,062,224 $3,481,801 $8,896,149 $-419,577
2023 $3,004,497 $3,106,191 $9,234,769 $-101,694
2022 $3,024,430 $3,276,979 $9,302,993 $-252,549
2021 $3,239,510 $2,675,992 $9,314,228 $563,518
2020 $2,311,115 $2,509,899 $9,116,732 $-198,784
2019 $3,352,976 $3,101,604 $9,176,970 $251,372
2018 $3,318,052 $2,989,558 $8,803,023 $328,494
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