New Orleans Theatre Association Inc (EIN 721016132) - 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

1984

Legal Domicile

Principal Officer

Michael S Mitchell

Phone

5048918180

Tax Period

2025-01-01 to 2025-12-31

New Orleans Theatre Association Inc, founded in 1984, is a small nonprofit in the Arts, Culture & Humanities sector that reported $388K in total revenue in fiscal year 2025. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $518K exceeded revenue, resulting in a 34% operating deficit.

Mission

Provide grants and other services to support cultural, educational, and arts-based organizations, and to promote and develop skills and abilities in all fields related to the performing arts including music, dance, theatre, creative writing, and stagecraft.

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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 (2025)

Revenue Breakdown

Contributions & Grants $366,191

Program Service Revenue $0

Investment Income $21,468

Other Revenue $0

TOTAL REVENUE $387,659

Expense Breakdown

Grants Paid $506,023

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $506,023

Other Expenses $12,192

TOTAL EXPENSES $518,215

Year-over-Year Comparison

	2025	2024	Change
Revenue	$387,659	$523,914	-0.3%
Expenses	$518,215	$484,833	+0.1%
Net Income	$-130,556	$39,081	-4.3%

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

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
Michael S Mitchell	President	3.50	Director	$0	$0	$0
Lake Douglas	Treasurer	1.00	Director	$0	$0	$0
Leon Contavesprie	Director	0.10	Director	$0	$0	$0
Stella Baty Landis	Director	0.10	Director	$0	$0	$0
Debra Gonzales	Director	0.10	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	$387,659	$518,215	$922,978	$-130,556
2024	No data	No data	No data	No data
2023	$337,032	$409,659	$1,109,995	$-72,627
2022	$383,291	$210,615	$1,064,068	$172,676
2021	$87,384	$65,961	$989,608	$21,423
2021	$137,562	$114,295	$1,033,700	$23,267
2020	$231,752	$349,630	$1,243,277	$-117,878
2019	$564,813	$357,473	$1,193,437	$207,340
2018	$322,326	$292,085	$899,554	$30,241

New Orleans Theatre Association Inc