THE NEW ORLEANS MUSIC HALL OF FAME INC (EIN 721178114) - 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

2002

Legal Domicile

Principal Officer

MICHAEL SHERMAN

Phone

5043015228

Tax Period

2020-01-01 to 2020-12-31

THE NEW ORLEANS MUSIC HALL OF FAME INC, founded in 2002, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $30 in total revenue in fiscal year 2020. Expenses of $10K exceeded revenue, resulting in a 31777% operating deficit.

Mission

THE NEW ORLEANS MUSIC HALL OF FAME IS DEDICATED TO THE UNIFICATION, RESTORATION, AND PRESERVATION OF THE HISTORY AND CULTURE THAT HAS MADE NEW ORLEANS KNOWN WORLDWIDE AS THE BIRTHPLACE OF JAZZ MUSIC. THE NOMHF WAS CREATED TO PRESERVE THE CULTURAL LEGACY OF THE CITY OF NEW ORLEANS, TO PROVIDE THE MUSICIANS, ARTISTS, AND CHEFS MUCH NEEDED RECOGNITION AND SUPPORT, AND TO CREATE A NATIONAL LANDMARK DESTINATION FOR THE CITY OF NEW ORLEANS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $30

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $30

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,058

Other Expenses $9,563

TOTAL EXPENSES $9,563

Year-over-Year Comparison

	2020	2019	Change
Revenue	$30	N/A	N/A
Expenses	$9,563	$11,623	-0.2%
Net Income	$-9,533	$-11,623	-0.2%

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

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 SHERMAN	OFFICER	10.00	Officer Director	$0	$0	$0
TODD C JAMES	BOARD MEMBER	10.00	Director	$0	$0	$0
DEACON JOHN MOORE	BOARD MEMBER	10.00	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
2020	$30	$9,563	$1,453,180	$-9,533
2019	No data	$11,623	$1,462,713	No data
2018	$3,855	$32,803	$1,474,336	$-28,948

THE NEW ORLEANS MUSIC HALL OF FAME INC