GRETNA ECONOMIC DEVELOPMENT ASSN LTD

EIN: 721231534 501(c)(3)

GRETNA, LA

Total Revenue
$6,580,405
Total Expenses
$6,623,069
Total Assets
$422,651
Net Assets
$-359,630
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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
1992
Legal Domicile
LA
Principal Officer
RENEE FERRERA
Phone
5043626906
Tax Period
2024-01-01 to 2024-12-31

GRETNA ECONOMIC DEVELOPMENT ASSN LTD, founded in 1992, is a community nonprofit that reported $6.6M in total revenue in fiscal year 2024.

Mission

To improve the business climate within the city of Gretna as well as provide a vehicle to assist in the devlopment of new businesses.

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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 (2024)

Revenue Breakdown

Contributions & Grants $26,663
Program Service Revenue $6,553,742
Investment Income $0
Other Revenue $0
TOTAL REVENUE $6,580,405

Expense Breakdown

Grants Paid $0
Salaries & Benefits $33,839
Fundraising Expenses $903,431
Program Expenses $5,492,019
Other Expenses $6,589,230
TOTAL EXPENSES $6,623,069

Year-over-Year Comparison

2024 2023 Change
Revenue $6,580,405 N/A N/A
Expenses $6,623,069 N/A N/A
Net Income $-42,664 N/A N/A
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
5
Independent Members
N/A
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
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DON HENDRIX Vice President 4.00
Director
$0 $0 $0
RENEE FERRERA President 4.00
Director
$0 $0 $0
LAURA FERRERA Secretary 4.00
Director
$0 $0 $0
JAMES BLAZEK Treasurer 4.00
Director
$0 $0 $0
KYLE GREGORE Controller 4.00
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 $6,580,405 $6,623,069 $422,651 $-42,664
2023 $5,086,166 $5,239,176 $451,388 $-153,010
2022 $3,936,654 $4,842,487 $362,600 $-905,833
2021 $1,144,023 $336,545 $984,887 $807,478
2020 $450,422 $167,736 $245,833 $282,686
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