FELICITY REDEVELOPMENT INC (EIN 721421721) - 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

1998

Legal Domicile

Principal Officer

PAULA GEORGE

Phone

5045813701

Tax Period

2023-01-01 to 2023-12-31

FELICITY REDEVELOPMENT INC, founded in 1998, is a micro nonprofit in the Community Improvement sector that reported $16K in total revenue in fiscal year 2023. Revenue surged 1035% from the prior year, signaling strong growth momentum. Expenses of $39K exceeded revenue, resulting in a 147% operating deficit.

Mission

TO REVITALIZE, BY PRESERVING AND RENOVATING A PORTION OF THE CENTRAL CITY OF NEW ORLEANS

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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 $7,500

Program Service Revenue $0

Investment Income $1,013

Other Revenue $7,150

TOTAL REVENUE $15,663

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,041

Fundraising Expenses $0

Program Expenses $28,511

Other Expenses $32,663

TOTAL EXPENSES $38,704

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,663	$1,380	+10.4%
Expenses	$38,704	$80,400	-0.5%
Net Income	$-23,041	$-79,020	-0.7%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAULA GEORGE	PRESIDENT	10.00	Officer Director	$0	$0	$0
COLLEEN LUSIGNAN	SECRETARY	3.00	Officer Director	$0	$0	$0
OUIDA LAUDUMIEY	DIRECTOR	3.00	Director	$0	$0	$0
MERLIN JACKSON	DIRECTOR	3.00	Director	$0	$0	$0
KENDALL CLAYTON	DIRECTOR	3.00	Director	$0	$0	$0
MICHAEL ROUCHELL	DIRECTOR	3.00	Director	$0	$0	$0
CAMILLE STRACHAN	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
PATRICK MCKENNA	TREASURER	3.00	Officer Director	$0	$0	$0
MARYNELL NOLAN-WHEATLEY SHEPHERD	DIRECTOR	3.00	Director	$0	$0	$0
STEPHEN JONES	DIRECTOR	3.00	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	$15,663	$38,704	$1,113,606	$-23,041
2022	$1,380	$80,400	$1,138,961	$-79,020
2021	$800,690	$109,657	$1,338,681	$691,033
2020	$6,249	$33,959	$524,398	$-27,710
2019	$78,325	$53,172	$593,481	$25,153
2018	$318,929	$154,978	$526,611	$163,951

FELICITY REDEVELOPMENT INC