LOUISIANA FOLK ROOTS INC (EIN 721463318) - 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

2000

Legal Domicile

Principal Officer

JEANNE SOLIS

Phone

3372348360

Tax Period

2024-01-01 to 2024-12-31

LOUISIANA FOLK ROOTS INC, founded in 2000, is a small nonprofit in the Arts, Culture & Humanities sector that reported $144K in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $180K exceeded revenue, resulting in a 25% operating deficit.

Mission

NURTURE, SHARE AND PERPETUATE TRADITIONAL EXPRESSIONS OF CAJUN AND CREOLE HERITAGE.

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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 $104,921

Program Service Revenue $42,265

Investment Income $4,470

Other Revenue $-7,422

TOTAL REVENUE $144,234

Expense Breakdown

Grants Paid $0

Salaries & Benefits $52,973

Fundraising Expenses $0

Program Expenses $122,398

Other Expenses $127,477

TOTAL EXPENSES $180,450

Year-over-Year Comparison

	2024	2023	Change
Revenue	$144,234	$222,209	-0.4%
Expenses	$180,450	$170,674	+0.1%
Net Income	$-36,216	$51,535	-1.7%

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

208

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
LORRAINE SHELTON-GAINES	PRESIDENT	4.00	Officer Director	$0	$0	$0
JOEL BREAUX	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
VICKI CHRISMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
JEAN JOHNSON	TREASURER	2.00	Officer Director	$0	$0	$0
ASHLEY SINGLETON	MEMBER AT LARGE	2.00	Director	$0	$0	$0
CHAD HUVAL	BOARD MEMBER	2.00	Director	$0	$0	$0
KEVIN HUVAL	BOARD MEMBER	2.00	Director	$0	$0	$0
LIZ MOHAN	BOARD MEMBER	2.00	Director	$0	$0	$0
PORTIA METOYER	BOARD MEMBER	2.00	Director	$0	$0	$0
DRAKE LEBLANC	BOARD MEMBER	2.00	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	$144,234	$180,450	$127,153	$-36,216
2023	$222,209	$170,674	$164,300	$51,535
2022	$140,620	$141,981	$112,831	$-1,361
2021	$79,163	$40,077	$121,176	$39,086
2020	$69,722	$157,820	$92,211	$-88,098
2019	$245,567	$298,722	$153,524	$-53,155
2018	$258,530	$274,846	$226,720	$-16,316

LOUISIANA FOLK ROOTS INC