HEROES OF NEW ORLEANS (EIN 813135532) - 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

Gregory Ravy

Phone

5043815150

Tax Period

2024-01-01 to 2024-12-31

HEROES OF NEW ORLEANS, founded in 2016, is a community nonprofit in the Youth Development sector that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 129% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 61% operating margin.

Mission

Heroes of New Orleans is a grassroot 501(c)(3) nonprofit organization committed to inspiring and empowering youth and families. Our mission is to elevate underprivileged youth and families who face poverty or its risks, through a comprehensive positive strategy that includes wraparound services, self-development, and mentorship.

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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 $1,922,693

Program Service Revenue $0

Investment Income $0

Other Revenue $83,333

TOTAL REVENUE $2,006,026

Expense Breakdown

Grants Paid $3,467

Salaries & Benefits $334,493

Fundraising Expenses $0

Program Expenses $586,270

Other Expenses $445,037

TOTAL EXPENSES $782,997

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,006,026	$875,737	+1.3%
Expenses	$782,997	$582,295	+0.3%
Net Income	$1,223,029	$293,442	+3.2%

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

$75,700

Total Directors

$75,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gregory Ravy	President/Chief Executive Officer	50.00	Officer Director	$75,700	$0	$75,700
Brandon Bean	Treasurer	2	Officer Director	$0	$0	$0
Rachelle Jones	Secretary	2	Officer Director	$0	$0	$0
Jonathan Everett	Board Member	2	Director	$0	$0	$0
Melissa McClendon	Board Member	2	Director	$0	$0	$0
Corey Valdary	Board Member	2	Director	$0	$0	$0
Robert Pearson	Board Member	2	Director	$0	$0	$0
April Mundy	Board Member	2	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
2024	$2,006,026	$782,997	$1,529,384	$1,223,029
2023	$875,737	$582,295	$307,253	$293,442

HEROES OF NEW ORLEANS