THE FIRST TEE OF GREATER NEW ORLEANS (EIN 753160528) - 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

2003

Legal Domicile

Phone

5043043309

Tax Period

2023-01-01 to 2023-12-31

THE FIRST TEE OF GREATER NEW ORLEANS, founded in 2003, is a small nonprofit in the Recreation & Sports sector that reported $474K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $450K left a modest 5% surplus.

Mission

THE FIRST TEE OF GREATER NEW ORLEANS MISSION IS TO IMPACT THE LIVES OF YOUNG PEOPLE BY PROVIDING EDUCATIONAL PROGRAMS THAT BUILD CHARACTER,INSTILL LIFE-ENHANCING VALUES AND PROMOTE HEALTHY CHOICES THROUGH THE GAME OF GOLF.

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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 (2023)

Revenue Breakdown

Contributions & Grants $224,301

Program Service Revenue $178,455

Investment Income $433

Other Revenue $70,744

TOTAL REVENUE $473,933

Expense Breakdown

Grants Paid $0

Salaries & Benefits $285,731

Fundraising Expenses $66,777

Program Expenses $282,022

Other Expenses $163,820

TOTAL EXPENSES $449,551

Year-over-Year Comparison

	2023	2022	Change
Revenue	$473,933	$541,162	-0.1%
Expenses	$449,551	$572,598	-0.2%
Net Income	$24,382	$-31,436	-1.8%

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

178

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

$98,750

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PERRY FAULKNER	Executive Dir.	50.00	Officer	$98,750	$0	$98,750
DIEGO GONZALEZ	Director	2.00	Director	$0	$0	$0
LORI KNIGHT	Director	2.00	Director	$0	$0	$0
BRIAN FAUCHEUX	Director	2.00	Director	$0	$0	$0
LYNN LALKA	Director	2.00	Director	$0	$0	$0
TODD MCPHERSON	Director	2.00	Director	$0	$0	$0
TAMMY O'SHEA	Director	2.00	Director	$0	$0	$0
RYAN MYERS SR	Director	2.00	Director	$0	$0	$0
BRAD REESE	Director	2.00	Director	$0	$0	$0
ROD TEAMER	Director	2.00	Director	$0	$0	$0
JEFF STEPHENS	Director	2.00	Director	$0	$0	$0
MIKE GARIN	Treasurer	4.00	Officer	$0	$0	$0
DAMIEN SERAUSKAS	Board Chair	4.00	Officer	$0	$0	$0
WILLIAM HOFFMANN	Vice Chair	4.00	Officer	$0	$0	$0
JEFF ANDING	Secretary	4.00	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
2024	No data	No data	No data	No data
2023	$473,933	$449,551	$445,842	$24,382
2022	$541,162	$572,598	$370,356	$-31,436
2021	$579,454	$501,748	$514,992	$77,706
2020	$370,046	$470,541	$380,686	$-100,495
2019	$588,864	$504,599	$498,081	$84,265
2018	$562,402	$557,037	$455,457	$5,365

THE FIRST TEE OF GREATER NEW ORLEANS