PATRONS OF THE VATICAN MUSEUMS OF THE SOUTH INC

EIN: 833154636 501(c)(3) Religion

NEW ORLEANS, LA

Total Revenue
$333,304
Total Expenses
$396,351
Total Assets
$56,653
Net Assets
$47,753
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
LA
Principal Officer
MICHAEL VALES
Phone
5046690566
Tax Period
2021-01-01 to 2021-12-31

PATRONS OF THE VATICAN MUSEUMS OF THE SOUTH INC, founded in 1985, is a small nonprofit in the Religion sector that reported $333K in total revenue in fiscal year 2021. Revenue surged 614% from the prior year, signaling strong growth momentum. Expenses of $396K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO HELP SUPPORT ARTISTIC CONSERVATION PROJECTS, DONATE EQUIPMENT FOR RESTORATION LABORATORIES, AND ASSIST IN THE RESTRUCTURING OF THE MUSEUMS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $333,200
Program Service Revenue $0
Investment Income $104
Other Revenue $0
TOTAL REVENUE $333,304

Expense Breakdown

Grants Paid $385,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $391,986
Other Expenses $11,351
TOTAL EXPENSES $396,351

Year-over-Year Comparison

2021 2020 Change
Revenue $333,304 $46,697 +6.1%
Expenses $396,351 $47,399 +7.4%
Net Income $-63,047 $-702 +88.8%
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

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Governance

Voting Members
11
Independent Members
11
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
3
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL VALES PRESIDENT 2.00
Officer Director
$0 $0 $0
DR DENISE DERBES BOARD MEMBER 1.00
Director
$0 $0 $0
DR RUDY EHRENSING BOARD MEMBER 1.00
Director
$0 $0 $0
DR TONY FUSELIER BOARD MEMBER 1.00
Director
$0 $0 $0
STEPHANIE HAYNES BOARD MEMBER 1.00
Director
$0 $0 $0
PHILIP HODGES SECRETARY 1.00
Officer Director
$0 $0 $0
RICHARD MARSHALL BOARD MEMBER 1.00
Director
$0 $0 $0
BROOKE PARKER BOARD MEMBER 1.00
Director
$0 $0 $0
DR FRANK SCHMIDT BOARD MEMBER 1.00
Director
$0 $0 $0
JOSEPH TOOMEY TREASURER 1.00
Officer Director
$0 $0 $0
MR ST DENIS VILLERE BOARD MEMBER 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
2021 $333,304 $396,351 $56,653 $-63,047
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