NEW ORLEANS AND COMPANY (EIN 720540607) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1960

Legal Domicile

Principal Officer

WALTER J LEGER III

Phone

5045665011

Tax Period

2023-01-01 to 2023-12-31

NEW ORLEANS AND COMPANY is a tax-exempt nonprofit with EIN 720540607, based in NEW ORLEANS, LA. Founded in 1960, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $55,402,309 in total revenue and $42,735,630 in total expenses, with net assets of $84,047,809.

Mission

DEVELOPING AND MARKETING THE NEW ORLEANS REGION AS THE PREMIER CONVENTION AND VISITOR DESTINATION.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $16,626,166

Program Service Revenue $36,815,781

Investment Income $1,637,698

Other Revenue $322,664

TOTAL REVENUE $55,402,309

Expense Breakdown

Grants Paid $500,000

Salaries & Benefits $12,408,346

Fundraising Expenses $0

Other Expenses $29,827,284

TOTAL EXPENSES $42,735,630

Year-over-Year Comparison

	2023	2022	Change
Revenue	$55,402,309	$52,768,320	+0.0%
Expenses	$42,735,630	$38,520,278	+0.1%
Net Income	$12,666,679	$14,248,042	-0.1%

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

196

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

$450,044

Total Directors

Key Employees

$3,026,846

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID BILBE	IMMEDIATE PAST PAST CHAIRMAN	1.50	Officer Director	$0	$0	$0
JIM COOK	CHAIR	1.50	Officer Director	$0	$0	$0
MICKAL ADLER	CHAIR ELECT	1.50	Officer Director	$0	$0	$0
STAN HARRIS	PAST CHAIR - EX-OFFICIO	1.50	Officer Director	$0	$0	$0
STEVE PETTUS	TREASURER	1.50	Officer Director	$0	$0	$0
DARRYL BERGER	SECRETARY	1.50	Officer Director	$0	$0	$0
STEVE CAPUTO	ASST. SECRETARY	1.50	Officer Director	$0	$0	$0
BRANDY CHRISTIAN	EX OFFICIO	1.50	Director	$0	$0	$0
DOUG THORNTON	EX OFFICIO	1.50	Director	$0	$0	$0
GREGORY RUSOVICH	EX OFFICIO	1.50	Director	$0	$0	$0
JERRY REYES	EX OFFICIO	1.50	Director	$0	$0	$0
KEVIN DOLLIOLE	EX OFFICIO	1.50	Director	$0	$0	$0
RON FORMAN	EX OFFICIO	1.50	Director	$0	$0	$0
FRANK ZUMBO	EX OFFICIO	1.50	Director	$0	$0	$0
AL GROOS	DIRECTOR	1.50	Director	$0	$0	$0
GRETCHEN CHASE	DIRECTOR	1.50	Director	$0	$0	$0
DAVID PISCOLA	DIRECTOR	1.50	Director	$0	$0	$0
BONNIE BOYD	DIRECTOR	1.50	Director	$0	$0	$0
CHARLEE WILLIAMSON	DIRECTOR	1.50	Director	$0	$0	$0
DAN REAL	DIRECTOR	1.50	Director	$0	$0	$0
GLEN ARMANTROUT	DIRECTOR	1.50	Director	$0	$0	$0
HENRY COAXUM	DIRECTOR	1.50	Director	$0	$0	$0
JILL DIMARCO	DIRECTOR	1.50	Director	$0	$0	$0
KATY CASBARIAN	DIRECTOR	1.50	Director	$0	$0	$0
MALI CAROW	DIRECTOR	1.50	Director	$0	$0	$0
STEPHEN WATSON	DIRECTOR	1.50	Director	$0	$0	$0
TOD CHAMBERS	DIRECTOR	1.50	Director	$0	$0	$0
TOM LEONHARD	DIRECTOR	1.50	Director	$0	$0	$0
MICHELLE GOBERT	DIRECTOR	1.50	Director	$0	$0	$0
WALTER LEGER III	PRESIDENT/CEO	60.00	Officer	$389,408	$60,636	$450,044
JSTEPHEN PERRY	FORMER PRESIDENT/CEO	50.00	Key Emp	$1,181,873	$10,987	$1,192,860
MARK ROMIG	SENIOR VP/CHIEF MARKETING OFFICER	50.00	Key Emp	$404,916	$27,734	$432,650
STEPHANIE TURNER	SENIOR VP CONVENTION SALES	50.00	Key Emp	$332,356	$34,588	$366,944
KIM PRIEZ	SENIOR VP OF TOURISM	50.00	Key Emp	$280,576	$19,002	$299,578
KELLY SCHULZ	SENIOR VP COMMUNICATIONS/PR	50.00	Key Emp	$229,611	$23,280	$252,891
TAMMIE BOTELER	VP FINANCE	50.00	Key Emp	$209,812	$23,617	$233,429
ALICE GLENN	EXECUTIVE VICE PRESIDENT	50.00	Key Emp	$224,136	$24,358	$248,494
SALLEE PAVLOVICH	VICE PRESIDENT, NATIONAL ACCOUNTS & TRADESHOW	50.00	Highest	$243,233	$16,573	$259,806
BRIAN WALKER	VP INFORMATION SYSTEMS	50.00	Highest	$210,014	$20,849	$230,863
JEREMY COOKER	VICE PRESIDENT MARKETING &	50.00	Highest	$192,712	$29,241	$221,953
DONNA GLOVER	VP NATIONAL ACCOUNTS & TRA	50.00	Highest	$202,867	$22,662	$225,529
KEVIN FERGUSON	VP EXTERNAL AFFAIRS	50.00	Highest	$204,373	$29,871	$234,244

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	No data	No data	No data	No data
2023	$55,402,309	$42,735,630	$114,964,248	$12,666,679
2022	$52,768,320	$38,520,278	$103,174,957	$14,248,042
2021	$31,406,983	$25,437,184	$100,855,624	$5,969,799
2020	$12,850,442	$15,872,129	$60,860,618	$-3,021,687
2019	$37,564,323	$35,395,104	$64,093,348	$2,169,219
2018	$37,554,458	$35,910,773	$55,803,548	$1,643,685

NEW ORLEANS AND COMPANY