EDUCATION FOUNDATION OF THE LRA INC

EIN: 721318297 501(c)(3) Arts, Culture & Humanities

METAIRIE, LA

Total Revenue
$647,038
Total Expenses
$603,937
Total Assets
$1,835,390
Net Assets
$1,666,707
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
LA
Principal Officer
JAMES S HARRIS
Phone
5044542277
Tax Period
2024-01-01 to 2024-12-31

EDUCATION FOUNDATION OF THE LRA INC, founded in 1998, is a small nonprofit in the Arts, Culture & Humanities sector that reported $647K in total revenue in fiscal year 2024. Expenses of $604K left a modest 7% surplus.

Mission

PROMOTE EDUCATION OF/IN HOSPITALITY INDUSTRY.

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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 $525,688
Program Service Revenue $59,449
Investment Income $61,901
Other Revenue $0
TOTAL REVENUE $647,038

Expense Breakdown

Grants Paid $0
Salaries & Benefits $261,350
Fundraising Expenses $59,635
Program Expenses $341,889
Other Expenses $342,587
TOTAL EXPENSES $603,937

Year-over-Year Comparison

2024 2023 Change
Revenue $647,038 $604,757 +0.1%
Expenses $603,937 $568,517 +0.1%
Net Income $43,101 $36,240 +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

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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
3
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
4
$106,160
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GARRET LEBLANC DIRECTOR 0.50
Director
$0 $0 $0
FELTON JONES INDUSTRY REPRESENTATIVE 0.50
Director
$0 $0 $0
TONY RODRIGUE DIRECTOR 0.50
Director
$0 $0 $0
STEPHEN HIGHTOWER DIRECTOR 0.50
Director
$0 $0 $0
BOBBY HUFFT DIRECTOR 0.50
Director
$0 $0 $0
JASON JONES PAST-CHAIR 0.50
Director
$0 $0 $0
GREG REGGIO SECRETARY/TREASURER 0.50
Officer Director
$0 $0 $0
TAMMY SMITHERMAN CHAIR 0.50
Officer Director
$0 $0 $0
OCTAVIO MANTILLA DIRECTOR 0.50
Director
$0 $0 $0
EMERY WHALEN DIRECTOR 0.50
Director
$0 $0 $0
MICHAEL EASTMAN VICE-CHAIR 0.50
Officer Director
$0 $0 $0
GLEN ARMANTROUT DIRECTOR 0.50
Director
$0 $0 $0
DERRICK DUNNE DIRECTOR 0.50
Director
$0 $0 $0
JONATHAN BAYNHAM EXECUTIVE DIRECTOR 40.00
Officer
$97,036 $9,124 $106,160
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 $647,038 $603,937 $1,835,390 $43,101
2023 $604,757 $568,517 $1,706,409 $36,240
2022 $605,087 $494,872 $1,645,097 $110,215
2021 $462,324 $391,920 $1,558,683 $70,404
2020 $279,131 $348,609 $1,521,853 $-69,478
2019 $517,679 $426,525 $1,530,576 $91,154
2018 $439,727 $389,631 $1,376,311 $50,096
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