PARKING FACILITIES CORPORATION (EIN 721483958) - 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

KEVIN FERGUSON

Phone

5046205400

Tax Period

2024-01-01 to 2024-12-31

PARKING FACILITIES CORPORATION, founded in 2000, is a mid-sized nonprofit in the Community Improvement sector that reported $21.8M in total revenue in fiscal year 2024.

Mission

THE ORGANIZATION'S PRIMARY MISSION AND PURPOSE IS TO DESIGN, FINANCE, CONSTRUCT, EQUIP, MAINTAIN AND OPERATE OR CAUSE TO BE MAINTAINED AND OPERATED, ONE OR MORE PARKING GARAGE FACILITIES LOCATED AT THE LOUIS ARMSTRONG NEW ORLEANS INTERNATIONAL AIRPORT. PARKING FACILITIES ARE USED BY THE TRAVELING PUBLIC AND/OR EMPLOYEES OF THE NEW ORLEANS AVIATION BOARD.

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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 $21,131,204

Investment Income $642,787

Other Revenue $0

TOTAL REVENUE $21,773,991

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $23,512,674

Other Expenses $23,512,674

TOTAL EXPENSES $23,512,674

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,773,991	$20,597,472	+0.1%
Expenses	$23,512,674	$21,994,051	+0.1%
Net Income	$-1,738,683	$-1,396,579	+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

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN FERGUSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
ARKEBIA MATTHEWS JOHNSON	TREASURER	1.00	Officer Director	$0	$0	$0
HOLLY SHARP	SECRETARY	1.00	Officer Director	$0	$0	$0
LISA ALEXIS	BOARD MEMBER	1.00	Director	$0	$0	$0
TRACIE BOUTTE	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
2024	$21,773,991	$23,512,674	$96,313,333	$-1,738,683
2023	$20,597,472	$21,994,051	$98,519,795	$-1,396,579
2022	$19,234,934	$22,442,471	$103,165,713	$-3,207,537
2021	$14,747,604	$19,948,053	$111,215,099	$-5,200,449
2020	$8,460,859	$13,201,723	$109,454,088	$-4,740,864
2019	$12,932,935	$12,466,289	$121,750,967	$466,646
2018	$12,234,190	$12,778,150	$121,622,336	$-543,960

PARKING FACILITIES CORPORATION