NEW ORLEANS COUNCIL ON AGING INC (EIN 720634096) - 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

1974

Legal Domicile

Principal Officer

HOWARD L RODGERS III

Phone

5048214121

Tax Period

2022-07-01 to 2023-06-30

NEW ORLEANS COUNCIL ON AGING INC, founded in 1974, is a community nonprofit that reported $6.7M in total revenue in fiscal year 2022.

Mission

TO PROTECT THE RIGHTS, PROMOTE THE WELL BEING, AND ENHANCE THE SELF-ESTEEM OF NEW ORLEANS ELDERLY BY GENERATING OPPORTUNITIES FOR SELF-RELIANCE AND INDEPENDENCE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $6,678,825

Program Service Revenue $7,568

Investment Income $3,524

Other Revenue $0

TOTAL REVENUE $6,689,917

Expense Breakdown

Grants Paid $2,198,957

Salaries & Benefits $2,047,873

Fundraising Expenses $0

Program Expenses $6,096,320

Other Expenses $2,537,259

TOTAL EXPENSES $6,784,089

Year-over-Year Comparison

	2022	2021	Change
Revenue	$6,689,917	$6,409,760	+0.0%
Expenses	$6,784,089	$6,466,376	+0.0%
Net Income	$-94,172	$-56,616	+0.7%

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

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

$103,731

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BONNIE B ALSTON	PRESIDENT	2.00	Officer Director	$0	$0	$0
JONATHAN STEWART	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CORETTA GRANT LAGARDE	TREASURER	2.00	Officer Director	$0	$0	$0
DR ARLISHA MASON	SECRETARY	2.00	Officer Director	$0	$0	$0
PHILOMENE B ALLAIN	MEMBER	2.00	Director	$0	$0	$0
JASON ALAN FRANK	MEMBER	2.00	Director	$0	$0	$0
N SUNDIATA HALEY	MEMBER	2.00	Director	$0	$0	$0
JARRED M JUPITER	MEMBER	2.00	Director	$0	$0	$0
ALISHA G REED	MEMBER	2.00	Director	$0	$0	$0
TORIN T SANDERS	MEMBER	2.00	Director	$0	$0	$0
JOY F WILLIG	MEMBER	2.00	Director	$0	$0	$0
HOWARD RODGERS III	EXECUTIVE DIRECTOR	40.00	Officer	$103,731	$0	$103,731

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$6,689,917	$6,784,089	$1,855,504	$-94,172
2022	$6,409,760	$6,466,376	$2,277,643	$-56,616
2021	$6,289,044	$5,524,042	$2,098,819	$765,002
2020	$5,823,038	$5,238,982	$1,276,028	$584,056

NEW ORLEANS COUNCIL ON AGING INC