INNOCENCE PROJECT NEW ORLEANS (EIN 721501261) - 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

2001

Legal Domicile

Principal Officer

AVERY PARDEE

Phone

5049431902

Tax Period

2024-01-01 to 2024-12-31

INNOCENCE PROJECT NEW ORLEANS, founded in 2001, is a community nonprofit in the Crime & Legal sector that reported $2.5M in total revenue in fiscal year 2024. Expenses of $2.3M left a modest 9% surplus.

Mission

IPNO FREES INNOCENT PEOPLE SENTENCED TO LIFE IN PRISON AND THOSE SERVING UNJUST SENTENCES. WE RECOGNIZE THE ROOT CAUSES OF WRONGFUL CONVICTIONS AND UNJUST SENTENCES AS SYSTEMIC RACISM AND INEQUITIES. WE WORK TO EXPOSE AND ADDRESS THESE ROOT CAUSES BY SHARING OUR CLIENTS' STORIES IN COURT, THE LEGISLATURE, THE COMMUNITY AND THE MEDIA. WE SUPPORT OUR CLIENTS LIVING WELL AND FULLY IN THE WORLD AFTER THEIR RELEASE.

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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 $2,322,130

Program Service Revenue $0

Investment Income $30,024

Other Revenue $135,373

TOTAL REVENUE $2,487,527

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,586,646

Fundraising Expenses $173,671

Program Expenses $1,698,029

Other Expenses $674,649

TOTAL EXPENSES $2,261,295

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,487,527	$2,386,221	+0.0%
Expenses	$2,261,295	$2,357,357	0.0%
Net Income	$226,232	$28,864	+6.8%

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
JEE PARK	EXECUTIVE DIRECTOR	40	Highest	$126,052	$0	$126,052
RICHARD M DAVIS	LEGAL DIRECTOR	40	Highest	$100,000	$0	$100,000
MEREDITH ANGELSON	DEPUTY DIRECTOR	40	Highest	$100,000	$0	$100,000
HONORABLE BERNETTE JOSHUA JOHNSON	BOARD MEMBER	2	Director	$0	$0	$0
JEROME MORGAN	BOARD MEMBER	2	Director	$0	$0	$0
HARRY MOSES	BOARD MEMBER	2	Director	$0	$0	$0
RAVI SANGISETTY	BOARD MEMBER	2	Director	$0	$0	$0
SUSAN SIMON	BOARD MEMBER	2	Director	$0	$0	$0
AVIONE PICHON	BOARD MEMBER	2	Director	$0	$0	$0
ROYCE DUPLESSIS	BOARD MEMBER	2.00	Director	$0	$0	$0
ROBERT JONES	BOARD MEMBER	2	Director	$0	$0	$0
HERSCHEL RICHARD	BOARD MEMBER	2	Director	$0	$0	$0
W ROSS FOOTE	BOARD MEMBER	2	Director	$0	$0	$0
WALT MARSHALL SANCHEZ	BOARD MEMBER	2	Director	$0	$0	$0
AVERY PARDEE	CHAIRMAN	2	Officer	$0	$0	$0
HONORABLE STANWOOD DUVAL JR	VICE CHAIR	2	Officer	$0	$0	$0
JOHN NOLAN CPA	TREASURER	2	Officer	$0	$0	$0
TARA ALLEGRA ADAMS	SECRETARY	2	Officer	$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	$2,487,527	$2,261,295	$3,310,337	$226,232
2023	$2,386,221	$2,357,357	$3,010,283	$28,864
2022	$2,805,810	$2,446,806	$2,869,840	$359,004
2021	$2,830,461	$1,982,021	$2,534,753	$848,440
2020	$2,431,327	$1,421,783	$1,771,070	$1,009,544
2019	$1,475,185	$1,544,223	$536,700	$-69,038
2018	$1,476,896	$1,451,553	$619,863	$25,343

INNOCENCE PROJECT NEW ORLEANS