TANGIPAHOA ECONOMIC DEVELOPMENT FOUNDATION INC

EIN: 720843248 501(c)(3) Community Improvement

HAMMOND, LA

Total Revenue
$491,315
Total Expenses
$153,449
Total Assets
$602,031
Net Assets
$594,381
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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

Legal Domicile
LA
Principal Officer
GINGER CANGELOSI
Phone
9853409028
Tax Period
2025-01-01 to 2025-12-31

TANGIPAHOA ECONOMIC DEVELOPMENT FOUNDATION INC is a small nonprofit in the Community Improvement sector that reported $491K in total revenue in fiscal year 2025. Revenue fell 30% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $338K, a strong 69% operating margin.

Mission

TO PROMOTE OUR LOCAL AREA TO NEW INDUSTRY AND TO RECRUIT NEW INDUSTRY TO OUR LOCAL AREA

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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 (2025)

Revenue Breakdown

Contributions & Grants $474,019
Program Service Revenue $8,500
Investment Income $8,796
Other Revenue $0
TOTAL REVENUE $491,315

Expense Breakdown

Grants Paid $98,875
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $122,665
Other Expenses $54,574
TOTAL EXPENSES $153,449

Year-over-Year Comparison

2025 2024 Change
Revenue $491,315 $704,627 -0.3%
Expenses $153,449 $509,823 -0.7%
Net Income $337,866 $194,804 +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

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Governance

Voting Members
13
Independent Members
13
Employees
N/A
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
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TRENT ANTHONY BOARD MEMBER 1.00
Director
$0 $0 $0
KRISTIN BRAUD BOARD MEMBER 1.00
Director
$0 $0 $0
PATRICK COUDRAIN BOARD MEMBER 1.00
Director
$0 $0 $0
LEE EMERY BOARD MEMBER 1.00
Director
$0 $0 $0
VICTORIA HEYER BOARD MEMBER 1.00
Director
$0 $0 $0
BRIGETTE DELATTE HYDE COUNCIL REP. 1.00
Director
$0 $0 $0
BRIDGET KEYSER BOARD MEMBER 1.00
Director
$0 $0 $0
DANIEL LABORDE PRESIDENT 5.00
Officer Director
$0 $0 $0
BEEZIE LANDRY SECRETARY/TR 1.00
Officer Director
$0 $0 $0
JARED LAUDERDALE BOARD MEMBER 1.00
Director
$0 $0 $0
ROBBY MILLER PARISH PRESI 1.00
Director
$0 $0 $0
DEV PATEL VICE PRESIDE 1.00
Officer Director
$0 $0 $0
SANDY SUMMERS BOARD MEMBER 1.00
Director
$0 $0 $0
GINGER CANGELOSI EXECUTIVE DI 8.00
Officer
$0 $0 $0
DAWN GAUTREAUX EXECUTIVE AS 1.00
Officer
$0 $0 $0
JASON WILSON ECONOMIC DEV 1.00
Officer
$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 $491,315 $153,449 $602,031 $337,866
2024 $704,627 $509,823 $258,600 $194,804
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