MEMORIAL HALL FOUNDATION INC

EIN: 721054964 501(c)(3) Arts, Culture & Humanities

NEW ORLEANS, LA

Total Revenue
$249,709
Total Expenses
$98,536
Total Assets
$527,925
Net Assets
$527,925
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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
LA
Principal Officer
T SEMMES FAVROT
Phone
5045234522
Tax Period
2023-01-01 to 2023-12-31

MEMORIAL HALL FOUNDATION INC, founded in 1984, is a small nonprofit in the Arts, Culture & Humanities sector that reported $250K in total revenue in fiscal year 2023. Revenue surged 138% from the prior year, signaling strong growth momentum. The organization ran a surplus of $151K, a strong 61% operating margin.

Mission

TO PROVIDE FUNDS TO SUPPORT, PROMOTE, AND MAINTAIN MEMORIAL HALL MUSEUM IN NEW ORLEANS, LA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $240,219
Program Service Revenue $0
Investment Income $9,490
Other Revenue $0
TOTAL REVENUE $249,709

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $47,227
Other Expenses $98,536
TOTAL EXPENSES $98,536

Year-over-Year Comparison

2023 2022 Change
Revenue $249,709 $104,839 +1.4%
Expenses $98,536 $24,558 +3.0%
Net Income $151,173 $80,281 +0.9%
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
T SEMMES FAVROT PRESIDENT 10.00
Officer
$0 $0 $0
KEITH N OLDENDORF SECRETARY 10.00
Officer
$0 $0 $0
JAMES SCHNEIDER TREASURER 10.00
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
2024 No data No data No data No data
2023 $249,709 $98,536 $527,925 $151,173
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