Sweet Home New Orleans & Renew Our Music

Nonprofit profile at a glance

EIN
542181532
IRS 990 coverage
2010–2012
Forms available
Form 990 2012
Location
New Orleans, LA, USA
Phone
5049439671
Rating confidence
Limited
Sector
Arts, Culture, and Humanities

Official website

Reported finances

Revenue
$246,173
Expenses
$256,647
Assets
$85,634
Liabilities
$6,736

Source: IRS Form 990. Selected filing: tax year 2012. Amounts in USD.

Leadership & pay

6 people listed

Source: IRS Form 990. Selected filing: tax year 2012. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To enhance and expand the conditions by which musicians economically benefit from their cretive assets and are actively engaged in decision-making affecting the greater new orleans regional cultural landscape.

What it reported doing in 2012

Social services which consists of case management, including comprehensive needs assessments, financial management counseling, referrals to health care, and other services, and individual planning for long-term sustainability; financial assistance for necessities and emergencies such as relocation, housing, and medical expenses; and advocacy on behalf of our clients for additional resources from our network of partner organizations.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 94
  • Accountability: 90
  • Sustainability: 28
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 60th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 78th 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; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -4.3%; rating input score 32; 32nd percentile among comparable filings
  • Total-asset coverage ratio: 0.33; rating input score 19; 19th percentile among comparable filings
  • Liabilities to assets ratio: 0.08; rating input score 40; 40th percentile among comparable filings
  • Officer compensation ratio: 18%; rating input score 24; 24th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -56.7% per year; rating input score 0; 3rd percentile among comparable filings
  • Asset growth: -70.1% per year; rating input score 0; 2nd percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 5 of 5 board members independent · 6 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $207K in reported program spending
  • Leadership: top reported pay $46K · 6 people listed
  • Consistency: 21 of 21 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 3 filing years from 2010 to 2012
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.

Key Signals

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

  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 32/100.
  • High — Sustainability: Total-asset coverage ratio scored 19/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Officer compensation ratio scored 24/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 40/100.