New Orleans Friends of Music (EIN 726021704) - 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

1955

Legal Domicile

Phone

5048950690

Tax Period

2024-07-01 to 2025-06-30

New Orleans Friends of Music, founded in 1955, is a small nonprofit in the Arts, Culture & Humanities sector that reported $120K in total revenue in fiscal year 2024. Net assets of $1.0M represent 104 months of operating reserves.

Mission

New Orleans Friends of Music is dedicated to promoting the performance and appreciation of fine chamber music. The Organization has a responsibility to the community to bring music to the youth of the city and the cultivate the appreciation of classical music by an outreach program in which some of the performing ensembles give master classes or leture demonstrations at local schools and universities. also for the benefit of our audiences, before each concert a free lecture about the music is given.

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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 $60,394

Program Service Revenue $35,982

Investment Income $14,691

Other Revenue $8,825

TOTAL REVENUE $119,892

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $10,833

Program Expenses $103,313

Other Expenses $119,491

TOTAL EXPENSES $130,324

Year-over-Year Comparison

	2024	2023	Change
Revenue	$119,892	$116,570	+0.0%
Expenses	$130,324	$119,912	+0.1%
Net Income	$-10,432	$-3,342	+2.1%

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

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
Benjamin Karp	President	1.00	Officer Director	$0	$0	$0
Christian Aldridge	Vice President	1.00	Officer Director	$0	$0	$0
John Baron	Director	1.00	Director	$0	$0	$0
Errol Baron	Director	1.00	Director	$0	$0	$0
Martha Beveridge	Director	1.00	Director	$0	$0	$0
Mary Len Costa	Director	1.00	Director	$0	$0	$0
Darla Durham	Director	1.00	Director	$0	$0	$0
Barbara Knill	Director	1.00	Director	$0	$0	$0
Herman Kohlmeyer Jr	Director	1.00	Director	$0	$0	$0
G Marc Loudon	Director	1.00	Officer Director	$0	$0	$0
Jonathan C McCall	Director	1.00	Director	$0	$0	$0
Dr R Ranney Mize	Director	1.00	Director	$0	$0	$0
Vernon Palmer	Director	1.00	Director	$0	$0	$0
Margaret Shields	Director	1.00	Director	$0	$0	$0
T Paul Treuting Jr	Director	1.00	Director	$0	$0	$0
Katherine Jenny Windstrup	Treasurer	1.00	Officer Director	$0	$0	$0
Joan Zaslow	Director	1.00	Director	$0	$0	$0
Chad Hille	Director	1.00	Director	$0	$0	$0
Marcus Ballard	Director	1.00	Director	$0	$0	$0
Andrew King	Director	1.00	Director	$0	$0	$0
Courtney Bryan	Director	1.00	Director	$0	$0	$0
Joel Colman	Director	1.00	Director	$0	$0	$0
Sarah Jane MacMahon	Director	1.00	Director	$0	$0	$0
Marissa Williams	Director	1.00	Director	$0	$0	$0
Rebecca Crenshaw	Director	1.00	Director	$0	$0	$0
Bethany Paulson	Director	1.00	Director	$0	$0	$0
Michael Harold	Secretary	1.00	Officer Director	$0	$0	$0
Kevin Harrell	Director	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
2025	$119,892	$130,324	$1,041,319	$-10,432
2024	No data	No data	No data	No data
2023	$115,787	$150,543	$857,246	$-34,756
2022	$128,784	$144,017	$814,604	$-15,233
2021	$59,235	$46,668	$934,667	$12,567
2020	$341,984	$156,546	$787,418	$185,438
2019	$156,867	$152,354	$598,971	$4,513
2018	$156,169	$169,527	$602,628	$-13,358

New Orleans Friends of Music