LOUISIANA FINANCE ASSOCIATION (EIN 720636404) - 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

1959

Legal Domicile

Principal Officer

KIMBERLY HALLARAN

Phone

2252951300

Tax Period

2023-01-01 to 2023-12-31

LOUISIANA FINANCE ASSOCIATION, founded in 1959, is a small nonprofit that reported $290K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $356K exceeded revenue, resulting in a 23% operating deficit.

Mission

LFA WAS FOUNDED WITH THE PURPOSE OF PROMOTING THE WELFARE AND EDUCATION OF ITS MEMBERS ENGAGED IN THE PERSONAL LOAN BUSINESS IN THE STATE OF LOUISIANA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $303,183

Investment Income $-13,466

Other Revenue $0

TOTAL REVENUE $289,717

Expense Breakdown

Grants Paid $0

Salaries & Benefits $102,811

Fundraising Expenses $0

Other Expenses $253,635

TOTAL EXPENSES $356,446

Year-over-Year Comparison

	2023	2022	Change
Revenue	$289,717	$265,975	+0.1%
Expenses	$356,446	$341,106	+0.0%
Net Income	$-66,729	$-75,131	-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

Volunteers

100

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

$90,787

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANITA FONTENOT	DISTRICT MEMBER (THRU 06/2023)	1.00	Director	$0	$0	$0
DWAYNE D GALLINEAU	DISTRICT MEMBER (THRU 06/2023)	1.00	Director	$0	$0	$0
GLENN BURBANK	DISTRICT MEMBER (THRU 06/2023)	1.00	Director	$0	$0	$0
MIKE CULPEPPER	DISTRICT MEMBER (THRU 01/2023)	1.00	Director	$0	$0	$0
ADAM WIRTH	DISTRICT MEMBER	1.00	Director	$0	$0	$0
NICOLE FRUGE'-TATE	DISTRICT MEMBER	1.00	Director	$0	$0	$0
BART DESROCHES	DISTRICT MEMBER	1.00	Director	$0	$0	$0
BOB CHEDVILLE	DISTRICT MEMBER	1.00	Director	$0	$0	$0
BRIAN GRAY	DISTRICT MEMBER	1.00	Director	$0	$0	$0
BRYCE LOBELL	DISTRICT MEMBER	1.00	Director	$0	$0	$0
CHARLIE SPEDALE	DISTRICT MEMBER	1.00	Director	$0	$0	$0
DAN WALTERS	DISTRICT MEMBER	1.00	Director	$0	$0	$0
DARROLL J BERTRAND	DISTRICT MEMBER	1.00	Director	$0	$0	$0
DAVID GALLINEAU	DISTRICT MEMBER	1.00	Director	$0	$0	$0
RAY BERGERON	DISTRICT MEMBER	1.00	Director	$0	$0	$0
GRADON CLEMONS	DISTRICT MEMBER	1.00	Director	$0	$0	$0
INEZ JENKINS	DISTRICT MEMBER	1.00	Director	$0	$0	$0
JESSIE M PURVIS JR	DISTRICT MEMBER	1.00	Director	$0	$0	$0
LESTER E DEES	DISTRICT MEMBER	1.00	Director	$0	$0	$0
LINDA BULLOCK	DISTRICT MEMBER	1.00	Director	$0	$0	$0
MELISSA MEDLEN	DISTRICT MEMBER	1.00	Director	$0	$0	$0
GARY FULK	DISTRICT MEMBER	1.00	Director	$0	$0	$0
MIKE FONTENTOT	DISTRICT MEMBER	1.00	Director	$0	$0	$0
NOEL GILMORE	DISTRICT MEMBER	1.00	Director	$0	$0	$0
OLIN BERTHELOT	DISTRICT MEMBER	1.00	Director	$0	$0	$0
PATRICK WILLIAMS	DISTRICT MEMBER	1.00	Director	$0	$0	$0
PAUL LANDRY IV	DISTRICT MEMBER	1.00	Director	$0	$0	$0
RANDY P SCHMIDT	DISTRICT MEMBER	1.00	Director	$0	$0	$0
ROGER E BOYNTON	DISTRICT MEMBER	1.00	Director	$0	$0	$0
SHANE TURNER	DISTRICT MEMBER	1.00	Director	$0	$0	$0
SHAWN SAGRERA	DISTRICT MEMBER	1.00	Director	$0	$0	$0
DAVID LINK	DISTRICT MEMBER	1.00	Director	$0	$0	$0
CURTIS BREAZEALLE	PRESIDENT	1.00	Officer Director	$0	$0	$0
JEANNIE MCDUFFIE	PRESIDENT-ELECT	1.00	Officer Director	$0	$0	$0
KYLE FENTON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KIMBERLY HALLARAN	SECRETARY/TREASURER	40.00	Officer	$78,741	$12,046	$90,787

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	$289,717	$356,446	$3,479,004	$-66,729
2022	$265,975	$341,106	$3,281,117	$-75,131
2021	$474,489	$329,505	$3,754,191	$144,984
2020	$266,137	$255,312	$3,691,731	$10,825
2019	$321,681	$383,894	$3,506,539	$-62,213
2018	$333,513	$408,118	$3,303,118	$-74,605

LOUISIANA FINANCE ASSOCIATION