GREATER NEW ORLEANS SPORTS FOUNDATION (EIN 721129835) - 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

1988

Legal Domicile

Principal Officer

PHILIP SHERMAN

Phone

5045255678

Tax Period

2024-07-01 to 2025-06-30

GREATER NEW ORLEANS SPORTS FOUNDATION, founded in 1988, is a community nonprofit that reported $5.7M in total revenue in fiscal year 2024. Revenue surged 116% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.0M, a strong 52% operating margin.

Mission

DEVELOP SPORTS TOURISM

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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 $1,683,839

Program Service Revenue $3,608,220

Investment Income $62,851

Other Revenue $333,510

TOTAL REVENUE $5,688,420

Expense Breakdown

Grants Paid $7,476

Salaries & Benefits $1,734,542

Fundraising Expenses $0

Program Expenses $763,812

Other Expenses $979,335

TOTAL EXPENSES $2,721,353

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,688,420	$2,632,690	+1.2%
Expenses	$2,721,353	$2,408,696	+0.1%
Net Income	$2,967,067	$223,994	+12.2%

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

105

Independent Members

N/A

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

Total Directors

Key Employees

$543,177

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN J CICERO	EXECUTIVE DI	40.00	Key Emp	$485,000	$58,177	$543,177
TRICIA LOWE	VP MEMBERSHI	40.00	Highest	$154,533	$0	$154,533
WILLIAM FERRANTE	SENIOR VP MA	40.00	Highest	$130,000	$0	$130,000
WILLIAM DEDE	SENIOR VP O	40.00	Highest	$106,250	$0	$106,250
ARNOLD BAKER	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN BENNETT	SECRETARY	2.00	Officer Director	$0	$0	$0
KIM BOYLE	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS CAPELLA	DIRECTOR	2.00	Director	$0	$0	$0
LAWRENCE CHEHARDY	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD CORTIZAS	DIRECTOR	2.00	Director	$0	$0	$0
DON DAVIDSON	DIRECTOR	2.00	Director	$0	$0	$0
PATRICIA GREEN	DIRECTOR	2.00	Director	$0	$0	$0
DAVID GUZAN	DIRECTOR	2.00	Director	$0	$0	$0
DIANE HOLLIS	DIRECTOR	2.00	Director	$0	$0	$0
PAUL VALTEAU JR	IMMEDIATE PA	2.00	Officer Director	$0	$0	$0
LOUIS LUPIN	DIRECTOR	2.00	Director	$0	$0	$0
TOM LUPO	DIRECTOR	2.00	Director	$0	$0	$0
NICK MUELLER	DIRECTOR	2.00	Director	$0	$0	$0
VINCENT PALUMBO	TREASURER	2.00	Officer Director	$0	$0	$0
DAVID PAYTON	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH RASPANTI	DIRECTOR	2.00	Director	$0	$0	$0
AMY REIMER-SILEO	DIRECTOR	2.00	Director	$0	$0	$0
DAVID R SHERMAN	VICE CHAIR	2.00	Officer Director	$0	$0	$0
PHILIP SHERMAN	CHAIRMAN	2.00	Officer Director	$0	$0	$0
DOUG THORNTON	DIRECTOR	2.00	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	$5,688,420	$2,721,353	$7,609,230	$2,967,067
2024	$2,632,690	$2,408,696	$4,632,245	$223,994
2023	$2,424,471	$2,339,302	$4,322,956	$85,169
2022	$2,230,368	$1,870,020	$9,185,270	$360,348
2021	$2,352,375	$2,209,742	$3,916,235	$142,633
2020	$2,318,599	$2,273,605	$4,008,653	$44,994
2019	$2,352,086	$1,986,996	$3,411,716	$365,090
2018	$2,712,261	$2,281,406	$3,030,904	$430,855

GREATER NEW ORLEANS SPORTS FOUNDATION