ALGIERS ECONOMIC DEVELOPMENT FOUNDATION (EIN 721275640) - 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

1992

Legal Domicile

Phone

5043626436

Tax Period

2022-07-01 to 2023-06-30

ALGIERS ECONOMIC DEVELOPMENT FOUNDATION, founded in 1992, is a small nonprofit in the Community Improvement sector that reported $277K in total revenue in fiscal year 2022. Revenue decreased 6% compared to the prior year. Expenses of $374K exceeded revenue, resulting in a 35% operating deficit.

Mission

The mission of AEDF is to build a sustainable, business-friendly environment that grows investments and jobs in Westbank New Orleans through advocacy, marketing, and business development, recruitment, and retention.

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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 (2022)

Revenue Breakdown

Contributions & Grants $233,910

Program Service Revenue $42,921

Investment Income $0

Other Revenue $0

TOTAL REVENUE $276,831

Expense Breakdown

Grants Paid $0

Salaries & Benefits $137,822

Fundraising Expenses $0

Program Expenses $314,782

Other Expenses $235,873

TOTAL EXPENSES $373,695

Year-over-Year Comparison

	2022	2021	Change
Revenue	$276,831	$295,450	-0.1%
Expenses	$373,695	$254,752	+0.5%
Net Income	$-96,864	$40,698	-3.4%

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

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

$71,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT ROYAL JR	VICE PRESIDENT	1.00	Director	$0	$0	$0
RACHEL SHIELDS	PRESIDENT	1.00	Officer Director	$0	$0	$0
SHAWANDA POREE	MEMBER	1.00	Officer Director	$0	$0	$0
BEN MORVANT	SECRETARY	1.00	Director	$0	$0	$0
KRYSTA POUNCY-DYSON	MEMBER	1.00	Officer Director	$0	$0	$0
TARA MILLER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KELSEY FOSTER	EXECUTIVE DIRECTOR	N/A	Key Emp	$71,000	$0	$71,000
CHRISTE BREWTON	TREASURER	1.00	Director	$0	$0	$0
WINDI BROWN	MEMBER	1.00	Director	$0	$0	$0
JADE COLIN	MEMBER	1.00	Director	$0	$0	$0
JOHN METZLER	MEMBER	1.00	Director	$0	$0	$0
GREG RAVY	MEMBER	1.00	Director	$0	$0	$0
TODD CLOWER	MEMBER	1.00	Director	$0	$0	$0
ERIK GARCIA	MEMBER	1.00	Director	$0	$0	$0
ALEX GERINER	MEMBER	1.00	Director	$0	$0	$0
ROBERT HOPKINS	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$276,831	$373,695	$90,288	$-96,864
2022	$295,450	$254,752	$187,414	$40,698
2021	$334,514	$229,271	$174,976	$105,243
2020	$126,555	$157,578	$46,128	$-31,023
2019	$159,866	$156,176	$51,468	$3,690

ALGIERS ECONOMIC DEVELOPMENT FOUNDATION