NEW ORLEANS PUBLIC LIBRARY FOUNDATION (EIN 721179236) - 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

2006

Legal Domicile

Principal Officer

DEMETRIC MERCADEL

Phone

5042587718

Tax Period

2023-01-01 to 2023-12-31

NEW ORLEANS PUBLIC LIBRARY FOUNDATION, founded in 2006, is a micro nonprofit in the Education sector that reported $18K in total revenue in fiscal year 2023. Revenue fell 115% from the prior year — a significant decline worth monitoring.

Mission

SUPPORT OF THE CITY OF NEW ORLEANS LIBRARY SYSTEM AND CITY WIDE LITERACY EFFORTS THROUGH PARNTER ORGANIZATIONS, COMMUNITY ORGANIZATIONS AND INITIATIVES INCLUDING FUNDRAISING AND EXPENDING FUNDS TO SUPPLEMENT LIBRARY OPERATIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,625

Program Service Revenue $0

Investment Income $-29,408

Other Revenue $9,689

TOTAL REVENUE $-18,094

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $122,706

Other Expenses $141,170

TOTAL EXPENSES $141,170

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-18,094	$121,281	-1.1%
Expenses	$141,170	$89,251	+0.6%
Net Income	$-159,264	$32,030	-6.0%

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

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEMETRIC MERCADEL	BOARD PRESIDENT	2.00	Director	$0	$0	$0
ANDREA HEARD	VICE PRESIDENT	1.00	Director	$0	$0	$0
PHALA MIRE	MEMBER	1.00	Director	$0	$0	$0
KATHLEEN COVERICK	TREASURER	1.00	Director	$0	$0	$0
VONDA RICE	MEMBER	1.00	Director	$0	$0	$0
JENNIFER KITNER	MEMBER	1.00	Director	$0	$0	$0
EMILY PAINTON	MEMBER	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	No data	No data	No data	No data
2023	$-18,094	$141,170	$1,322,966	$-159,264
2022	$121,281	$89,251	$1,369,770	$32,030
2021	$139,599	$142,329	$1,674,695	$-2,730
2020	$82,466	$104,530	$1,710,915	$-22,064
2019	$37,157	$197,028	$1,638,720	$-159,871
2018	$115,092	$96,467	$1,563,445	$18,625

NEW ORLEANS PUBLIC LIBRARY FOUNDATION