IBERIA INDUSTRIAL DEVELOPMENT FOUNDATION (EIN 721027792) - 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

1994

Legal Domicile

Principal Officer

MICHAEL TARANTINO

Phone

3373670834

Tax Period

2024-01-01 to 2024-12-31

IBERIA INDUSTRIAL DEVELOPMENT FOUNDATION, founded in 1994, is a small nonprofit that reported $525K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $474K left a modest 10% surplus.

Mission

PROMOTE INDUSTRIAL AND ECONOMIC DEVELOPMENT FOR EXISTING COMPANIES AND RECRUIT ADDITIONAL INDUSTRIES TO LOCATE IN IBERIA PARISH.

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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 $57,000

Program Service Revenue $472,497

Investment Income $8,093

Other Revenue $-12,106

TOTAL REVENUE $525,484

Expense Breakdown

Grants Paid $0

Salaries & Benefits $344,235

Fundraising Expenses $0

Program Expenses $299,744

Other Expenses $129,364

TOTAL EXPENSES $473,599

Year-over-Year Comparison

	2024	2023	Change
Revenue	$525,484	$463,248	+0.1%
Expenses	$473,599	$434,818	+0.1%
Net Income	$51,885	$28,430	+0.8%

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

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

$192,651

Total Directors

$192,651

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL TARANTINO	PRESIDENT/CEO	40.00	Officer Director	$172,647	$20,004	$192,651
CHAD COURTOIS	EXEC. COMMITTEE AT LARGE	2.00	Officer Director	$0	$0	$0
KRISTIE MCMATH-HEBERT	PAST CHAIRMAN	2.00	Officer Director	$0	$0	$0
KOREY KIMBALL	CHAIRMAN	2.00	Officer Director	$0	$0	$0
FRAN HENDERSON	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
DENISE BROUSSARD	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
MAURICE MO SONGY	PUBLIC SEAT	1.00	Director	$0	$0	$0
ANDREE SCHLICHER	PUBLIC SEAT	1.00	Director	$0	$0	$0
TAMMY GORDON	PUBLIC SEAT	1.00	Director	$0	$0	$0
MARCUS BROUSSARD	PUBLIC SEAT	1.00	Director	$0	$0	$0
LARRY RICHARD	PUBLIC SEAT	1.00	Director	$0	$0	$0
HEATH HULIN	PUBLIC SEAT	1.00	Director	$0	$0	$0
RICKY GONSOULIN	PUBLIC SEAT	1.00	Director	$0	$0	$0
FREDDIE DECOURT	PUBLIC SEAT	1.00	Director	$0	$0	$0
CRAIG ROMERO	PUBLIC SEAT	1.00	Director	$0	$0	$0
DAVID O	PUBLIC SEAT	1.00	Director	$0	$0	$0
MICKEY BELLOTT	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
DIONNE VIATOR	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
TOMMY HEBERT	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
MIKE FLASH	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
BRETT BERARD	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
CAROL BOURGEOIS JR	PUBLIC SEAT	1.00	Director	$0	$0	$0
PAM BLAKELY	PUBLIC SEAT	1.00	Director	$0	$0	$0
BRAD CLIFTON	PUBLIC SEAT	1.00	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
2024	$525,484	$473,599	$494,744	$51,885
2023	$463,248	$434,818	$446,534	$28,430
2022	$417,779	$389,430	$421,218	$28,349
2021	$556,634	$379,055	$397,335	$177,579
2020	$354,907	$332,310	$213,537	$22,597
2019	$370,776	$392,583	$126,664	$-21,807
2018	$322,410	$389,720	$129,673	$-67,310

IBERIA INDUSTRIAL DEVELOPMENT FOUNDATION