The Troy Andrews Foundation

Nonprofit profile at a glance

EIN
454524559
IRS 990 coverage
2018–2024
Forms available
Form 990 2024
Location
New Orleans, LA, USA
Phone
5042149554
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Nonmonetary Support N.E.C.*

Official website

Reported finances

Revenue
$1,592,451
Expenses
$1,248,656
Assets
$3,561,679
Liabilities
$38,778

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

Leadership & pay

5 people listed

Executive titles in this filing

  • TROY M ANDREWS (PRESIDENT)
  • MARTHA MURPHY (VICE PRESIDENT/TREASURER)
  • BILL TAYLOR (EXECUTIVE DIRECTOR)

Highest reported compensation

  • BILL TAYLOR (EXECUTIVE DIRECTOR): $167,100 total reported compensation

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

Overview

Mission

Preserve and perpetuate the musical culture of new orleans by passing its traditions down to future generations of musicians.

What it reported doing in 2024

Trombone shorty academy educates the next generation of new orleans music students and aspiring music industry professionals. Following the path that led to trombone shorty's success, our program is based on danny barker's fairview baptist church brass band program, relying upon culturally responsive techniques taught by culture bearers and artist educators from the new orleans community. Students enrolled in the trombone shorty academy are immersed in contemporary and traditional brass band musical ensemble instruction while learning the history and theory that is so deeply entwined in new orleans music. As a part of the program, students their talents on stages at french quarter fest, the new orleans jazz & heritage festival, and alongside troy "trombone shorty andrews at the annual shorty fest. Our students also have an opportunity to travel with trombone shorty foundation, learning from professional musicians across the us and internationally.

Operating model

Revenue model
Donor-supported. 94% of the money available for current operations came from contributions and gifts.
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

SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 61
  • Transparency & Controls: 79
  • Accountability: 100
  • Sustainability: 70
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 58.8%; rating input score 59
  • Program expense ratio: 71.6%; rating input score 72
  • Fundraising efficiency: $10.91 raised per $1 spent on fundraising; rating input score 41; 41st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • 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: 8 of 8 controls in place; rating input score 100
    • 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: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 21.6%; rating input score 78; 78th percentile among comparable filings
  • Total-asset coverage ratio: 2.85; rating input score 74; 74th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 13.4%; rating input score 27; 27th percentile among comparable filings

Growth

  • Program expense growth: 22.4% per year; rating input score 100; 85th percentile among comparable filings
  • Revenue growth: 16.4% per year; rating input score 100; 81st percentile among comparable filings
  • Asset growth: 22.7% per year; rating input score 100; 85th percentile among comparable filings

Details

  • Where the money goes: 58.8% of revenue deployed · 71.6% of spending went to programs
  • Governance: 4 of 4 board members independent · 8 of 8 filing controls reported
  • Programs: 6 filed program accomplishments · $895K in reported program spending
  • Leadership: top reported pay $167K · 5 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 27 of 27 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 7 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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 — Financial Efficiency: Mission deployment rate scored 59/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 41/100.
  • High — Sustainability: Officer compensation ratio scored 27/100.