KREWE OF ORPHEUS INC (EIN 721239071) - 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

1993

Legal Domicile

Principal Officer

ROLAND H BOREY III

Phone

5048227200

Tax Period

2024-04-01 to 2025-03-31

KREWE OF ORPHEUS INC, founded in 1993, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $2.9M exceeded revenue, resulting in a 26% operating deficit.

Mission

THE PRODUCTION OF AN ANNUAL MARDI GRAS PARADE THROUGH THE STREETS OF NEW ORLEANS, VIEWED BY MILLIONS OF SPECTATORS FROM ALL OVER THE WORLD AND SUBSEQUENT ORPHEUSCAPADE, FOR ORGANIZATION MEMBERSHIP AND THOUSANDS OF GUESTS.

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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 $0

Program Service Revenue $2,098,931

Investment Income $209,670

Other Revenue $14,263

TOTAL REVENUE $2,322,864

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $303,983

Fundraising Expenses $0

Program Expenses $2,928,003

Other Expenses $2,621,020

TOTAL EXPENSES $2,928,003

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,322,864	$2,009,869	+0.2%
Expenses	$2,928,003	$2,105,395	+0.4%
Net Income	$-605,139	$-95,526	+5.3%

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

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

$65,500

Total Directors

$65,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEREK FRANKLIN	EXEC VP & ARTISTIC DIRECTOR	40.00	Officer Director	$65,500	$0	$65,500
ROLAND H BOREY III	CAPTAIN & PRESIDENT	20.00	Officer Director	$0	$0	$0
KENNY RUBENSTEIN	EXEC VP OF MEMBERSHIP	2.00	Officer Director	$0	$0	$0
RENEE MAXWELL	EXEC VP OF MKTENT	1.00	Officer Director	$0	$0	$0
ETHAN CHERAMIE	TREASURER	8.00	Officer Director	$0	$0	$0
PHILIP WINGERTER	SECURITY DIRECTOR	1.00	Officer Director	$0	$0	$0
FRED NUCCIO	LOGISTICS DIRECTOR	1.00	Officer Director	$0	$0	$0
FLORENCE WINGERTER	RECORDING SECRETARY	1.00	Officer Director	$0	$0	$0
EILEEN MEDEROS	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
CHRIS ADAMS	RESOURCE DIRECTOR	1.00	Officer Director	$0	$0	$0
MICHAEL ATKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM COOK	BOARD MEMBER	1.00	Director	$0	$0	$0
JEREMY DWYER	BOARD MEMBER	1.00	Director	$0	$0	$0
TRACEY FREEMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
OSVALDO GUICHARD	BOARD MEMBER	1.00	Director	$0	$0	$0
BARRY KERN	BOARD MEMBER	1.00	Director	$0	$0	$0
FITZ KERN	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID LIUZZA	BOARD MEMBER	1.00	Director	$0	$0	$0
FREDERICK MARINEZ	PROPERTY DIRECTOR	1.00	Officer Director	$0	$0	$0
GREG FINCHER	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL TAUZIN	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIEL MORVANT	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICK MENDELSON	BOARD MEMBER	1.00	Director	$0	$0	$0
BRANDON WILLIS	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICK KERN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHAD MAZOUE	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT SURLES	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL TIFFT	BOARD MEMBER	1.00	Director	$0	$0	$0
DON WINGERTER	BOARD 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
2025	$2,322,864	$2,928,003	$2,329,443	$-605,139
2024	$2,009,869	$2,105,395	$2,459,072	$-95,526
2023	$1,617,149	$1,270,587	$2,636,616	$346,562
2022	$2,291,248	$1,420,773	$2,571,892	$870,475
2021	$16,761	$510,848	$2,209,815	$-494,087
2020	$1,772,800	$1,838,880	$2,333,977	$-66,080
2019	$2,036,791	$1,865,762	$2,270,140	$171,029
2018	$1,541,605	$1,746,251	$2,104,191	$-204,646

KREWE OF ORPHEUS INC