KREWE OF GALATEA INC (EIN 720748480) - 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

1968

Legal Domicile

Principal Officer

MICHELE PICOU

Phone

9853846195

Tax Period

2024-03-01 to 2025-02-28

KREWE OF GALATEA INC, founded in 1968, is a small nonprofit that reported $221K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $207K left a modest 6% surplus.

Mission

PRESERVE THE MARDI GRAS TRADITIONS.

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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 $71,875

Program Service Revenue $117,811

Investment Income $933

Other Revenue $30,034

TOTAL REVENUE $220,653

Expense Breakdown

Grants Paid $343

Salaries & Benefits $0

Fundraising Expenses $255

Program Expenses $200,228

Other Expenses $206,664

TOTAL EXPENSES $207,007

Year-over-Year Comparison

	2024	2023	Change
Revenue	$220,653	$192,724	+0.1%
Expenses	$207,007	$198,507	+0.0%
Net Income	$13,646	$-5,783	-3.4%

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

168

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
MICHELE PICOU	CAPTAIN	3.00	Officer Director	$0	$0	$0
KINDRA SOLAR	ASSISTANT CA	3.00	Officer Director	$0	$0	$0
MARY THOMAS	PRESIDENT	3.00	Officer	$0	$0	$0
TIFFANY STANSBURY	VICE PRESIDE	3.00	Officer	$0	$0	$0
ANGELA KRAEMER	SECRETARY	3.00	Officer	$0	$0	$0
VERONICA DOHMANN	TREASURER	3.00	Officer	$0	$0	$0
CHRISTIE DRAGNA	PARADE LIEUT	3.00	Officer	$0	$0	$0
MELANIE BELLE	ASST. PARADE	3.00	Director	$0	$0	$0
SHANTELL CAVALIER	FLOAT LT.	3.00	Director	$0	$0	$0
KAREN MELANCON	ASSISTANT FL	3.00	Director	$0	$0	$0
DEBORAH GARBER	12TH NIGHT C	3.00	Director	$0	$0	$0
FRANCES SMITH	THEME CONSUL	3.00	Director	$0	$0	$0
DONNA O'KELLEY	PUBLICITY CH	3.00	Director	$0	$0	$0
SUZANNE BERGERON	COSTUME COOR	3.00	Director	$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	$220,653	$207,007	$78,413	$13,646
2024	$192,724	$198,507	$64,767	$-5,783
2023	$199,317	$218,593	$70,550	$-19,276

KREWE OF GALATEA INC