Krewe Of King Arthur and Merlin Inc (EIN 812976284) - 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

2016

Legal Domicile

Principal Officer

Philip Fricano Jr 3

Phone

2259102665

Tax Period

2024-06-01 to 2025-05-31

Krewe Of King Arthur and Merlin Inc, founded in 2016, is a community nonprofit in the Recreation & Sports sector that reported $1.7M in total revenue in fiscal year 2024. The organization ran a surplus of $413K, a strong 24% operating margin.

Mission

TO ORGANIZE AND STAGE A MADRI GRAS PARADE AND RELATED ACTIVITIES FOR THE EDUCATION, ENJOYMENT, AND BENEFIT OF TOURIST AND RESIDENTS OF NEW ORLEANS LOUISIANA

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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 $1,682,121

Program Service Revenue $0

Investment Income $60,818

Other Revenue $0

TOTAL REVENUE $1,742,939

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,330,056

Other Expenses $1,330,056

TOTAL EXPENSES $1,330,056

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,742,939	$1,720,619	+0.0%
Expenses	$1,330,056	$894,430	+0.5%
Net Income	$412,883	$826,189	-0.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Philip Fricano Jr	Captain	25.00	Officer	$0	$0	$0
Joshua A Bitoun	President	0.00	Officer	$0	$0	$0
John Wambsgans	Vice President	0.00	Officer	$0	$0	$0
Genevieve Brown	Secretary	0.00	Officer	$0	$0	$0
Vera Vedros	Treasurer	0.00	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	$1,742,939	$1,330,056	$2,020,525	$412,883
2024	$1,720,619	$894,430	$2,150,154	$826,189
2023	$1,745,379	$697,903	$2,558,618	$1,047,476
2022	$2,086,570	$661,455	$1,958,776	$1,425,115
2021	$449,625	$148,974	$1,888,726	$300,651
2020	$935,939	$482,085	$1,543,076	$453,854
2019	$741,929	$221,690	$1,089,253	$520,239

Krewe Of King Arthur and Merlin Inc