KREWE OF MID CITY INC

EIN: 726020668 Recreation & Sports

NEW ORLEANS, LA

Total Revenue
$551,811
Total Expenses
$520,164
Total Assets
$24,447
Net Assets
$-169,030
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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
1933
Legal Domicile
LA
Principal Officer
JACK RIZZUTO
Phone
5042394414
Tax Period
2024-04-01 to 2025-03-31

KREWE OF MID CITY INC, founded in 1933, is a small nonprofit in the Recreation & Sports sector that reported $552K in total revenue in fiscal year 2024. Expenses of $520K left a modest 6% surplus.

Mission

ANNUAL MARDI GRAS PARADE AND BALL TO CELEBRATE NEW ORLEANS HERITAGE OF MARDI GRAS

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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 $551,811
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $551,811

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $520,164
Other Expenses $520,164
TOTAL EXPENSES $520,164

Year-over-Year Comparison

2024 2023 Change
Revenue $551,811 $511,962 +0.1%
Expenses $520,164 $524,013 0.0%
Net Income $31,647 $-12,051 -3.6%
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
6
Independent Members
6
Employees
N/A
Volunteers
150

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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JACK RIZZUTO PRESIDENT 10.00
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
2025 $551,811 $520,164 $24,447 $31,647
2024 $511,962 $524,013 $10,315 $-12,051
2023 $408,821 $464,272 $39,680 $-55,451
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