ALBERT N & HATTIE M MCLURE FUND

EIN: 726019978 501(c)(3)

NEW ORLEANS, LA

Total Revenue
$174,483
Total Expenses
$126,518
Total Assets
$1,680,652
Net Assets
$1,680,652
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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
1959
Legal Domicile
LA
Phone
5045867421
Tax Period
2024-01-01 to 2024-12-31

ALBERT N & HATTIE M MCLURE FUND, founded in 1959, is a small nonprofit that reported $174K in total revenue in fiscal year 2024. Revenue surged 363% from the prior year, signaling strong growth momentum. The organization ran a surplus of $48K, a strong 27% operating margin.

Mission

ENABLING UNITED WAY OF THE GREATER NEW ORLEANS THE FINANCIAL RESOURCES TO PROVIDE ITS MEMBER AGENCIES FOR MAJOR REPAIRS, REPLACEMENTS AND ADDITIONS TO THEIR FACILITIES

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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 $0
Program Service Revenue $0
Investment Income $174,483
Other Revenue $0
TOTAL REVENUE $174,483

Expense Breakdown

Grants Paid $103,063
Salaries & Benefits $22,002
Fundraising Expenses $0
Program Expenses $103,063
Other Expenses $1,453
TOTAL EXPENSES $126,518

Year-over-Year Comparison

2024 2023 Change
Revenue $174,483 $37,719 +3.6%
Expenses $126,518 $119,632 +0.1%
Net Income $47,965 $-81,913 -1.6%
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

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Governance

Voting Members
1
Independent Members
1
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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A TRUSTEE N/A
$22,002 $0 $22,002
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 $174,483 $126,518 $1,680,652 $47,965
2023 $37,719 $119,632 $1,632,495 $-81,913
2022 $113,182 $116,920 $1,717,461 $-3,738
2021 $282,841 $113,290 $1,722,243 $169,551
2020 $126,333 $112,756 $1,553,416 $13,577
2019 $72,411 $113,213 $1,537,084 $-40,802
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