NEW ORLEANS 2022 LOCAL ORGANIZING COMMITTEE INC (EIN 834445227) - 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

2021

Legal Domicile

Principal Officer

JOHN J CICERO

Phone

5045255678

Tax Period

2023-01-01 to 2023-12-31

NEW ORLEANS 2022 LOCAL ORGANIZING COMMITTEE INC, founded in 2021, is a small nonprofit that reported $200K in total revenue in fiscal year 2023. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 482% operating deficit.

Mission

NEW ORLEANS 2022 LOCAL ORGANIZING COMMITTEE, INC. IS RESPONSIBLE FOR RAISING FUNDS TO FULFILL THE LONG LIST OF OBLIGATIONS AGREED TO IN THE BID AND CONTAINED IN THE CONTRACT BETWEEN THE NCAA AND THE COMMITTEE.

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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 $200,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $200,000

Expense Breakdown

Grants Paid $567,213

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,134,426

Other Expenses $596,070

TOTAL EXPENSES $1,163,283

Year-over-Year Comparison

	2023	2022	Change
Revenue	$200,000	$9,739,820	-1.0%
Expenses	$1,163,283	$8,324,631	-0.9%
Net Income	$-963,283	$1,415,189	-1.7%

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
JOHN J CICERO	MEMBER	2.00	Director	$0	$0	$0
TROY DANNEN	MEMBER	2.00	Director	$0	$0	$0
TIM DUNCAN	MEMBER	2.00	Director	$0	$0	$0
JEFF ROSSI	EXECUTIVE DI	2.00	Director	$0	$0	$0
DAVID SHERMAN	MEMBER	2.00	Director	$0	$0	$0
PHILIP SHERMAN	MEMBER	2.00	Director	$0	$0	$0
PAUL VALTEAU	MEMBER	2.00	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
2023	$200,000	$1,163,283	No data	$-963,283
2022	$9,739,820	$8,324,631	$2,186,974	$1,415,189

NEW ORLEANS 2022 LOCAL ORGANIZING COMMITTEE INC