Clover Nola Inc

Nonprofit profile at a glance

EIN
720408940
IRS 990 coverage
2014–2024
Forms available
Form 990 2024
Location
New Orleans, LA, USA
Phone
5045236221
Rating
83
Verdict
STRONG
Rating confidence
Standard
Sector
Human Service Organizations

Official website

Reported finances

Revenue
$17,104,725
Expenses
$16,843,765
Assets
$12,801,640
Liabilities
$3,566,246

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

29 people listed

Executive titles in this filing

  • CHIMENE GRANT SALOY (IMMEDIATE PAST PRESIDENT)
  • DOMINIQUE WILSON (PRESIDENT-ELECT)
  • KEA SHERMAN (PRESIDENT)
  • SHANNON JOSEPH (VICE PRESIDENT)
  • KEITH LIEDERMAN (CEO)

Highest reported compensation

  • KEITH LIEDERMAN (CEO): $265,460 total reported compensation
  • VALERIE WHEATLEY (COO): $199,787 total reported compensation
  • SANDRA A COLVIN (CHIEF DEVELOPMENT OFFICER): $158,038 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Clover nola educates children, strengthens families, and builds communities.

What it reported doing in 2024

Community and supportive services (css) program offers a variety of comprehensive services that strengthen families and build community. Our holistic approach to investing in the families of our communities strives to improve the quality of life of individuals in the greater new orleans area, with an emphasis on residents of columbia parc at the bayou district and heritage senior residences. Our service footprint also grew by an additional 1,000 families, as we initiated vital supports for residents of two additional mixed-income neighborhood communities: faubourg lafitte & sacred heart at st. Bernard.in collaboration with partnering organizations, programming is designed to connect individuals and families to essential services that support personal growth, enhance knowledge, increase awareness of resources, and support the overall well-being of the individual and family, while ultimately building a vibrant and sustainable community. Services that are provided through the community and supportive services program include: career development support, life skills seminars, ged preparation; emergency rental, utility and food assistance; financial literacy / coaching and volunteer income tax assistance (vita); disaster preparedness workshops; and health and wellness resources. Our adult day care team also initiated in-home wellness checks and daily food delivery for seniors, medically fragile adults and veterans, and mental health supports were available as needed for all participants. Css provided ongoing supportive services to families; families and seniors received nutrition assistance, financial management and coaching, and help with accessing available community resources to achieve their desired life goals; families received emergency food vouchers and financial assistance and ongoing support, preventing homelessness, utility interruption and future crises; households received free vita tax preparation services for federal returns, and state returns. Families were able to claim multiple valuable tax credits and saved on tax preparation fees.

Operating model

Revenue model
Grant-funded. 85% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 88
  • Accountability: 91
  • Sustainability: 37
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 82.3%; rating input score 82
  • Program expense ratio: 83.3%; rating input score 83
  • Fundraising efficiency: $30.18 raised per $1 spent on fundraising; rating input score 67; 67th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 1.5%; rating input score 40; 40th percentile among comparable filings
  • Total-asset coverage ratio: 0.76; rating input score 27; 27th percentile among comparable filings
  • Liabilities to assets ratio: 0.28; rating input score 49; 49th percentile among comparable filings
  • Officer compensation ratio: 6.2%; rating input score 41; 41st percentile among comparable filings

Growth

  • Program expense growth: 2.6% per year; rating input score 100; 23rd percentile among comparable filings
  • Revenue growth: 3.4% per year; rating input score 100; 29th percentile among comparable filings
  • Asset growth: -1.6% per year; rating input score 0; 6th percentile among comparable filings

Details

  • Where the money goes: 82.3% of revenue deployed · 83.3% of spending went to programs
  • Governance: 23 of 23 board members independent · 7 of 9 filing controls reported
  • Programs: 5 filed program accomplishments · $14M in reported program spending
  • Leadership: top reported pay $265K · 29 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1.3M reported
  • Consistency: 34 of 34 current checks pass
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 11 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Related organizations: 3 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Moderate — Sustainability: Operating margin scored 40/100.
  • High — Sustainability: Total-asset coverage ratio scored 27/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Officer compensation ratio scored 41/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 49/100.