THOMAS C&SANDRA S SULLIVAN FOUNDATION C/O CATHOLIC COMMUNITY FOUNDATION

EIN: 010779923 501(c)(3)

CLEVELAND, OH

Total Revenue
$562,613
Total Expenses
$358,006
Total Assets
$5,307,903
Net Assets
$5,307,703
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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
2003
Legal Domicile
OH
Principal Officer
PATRICK GRACE
Phone
2166966525
Tax Period
2024-01-01 to 2024-12-31

THOMAS C&SANDRA S SULLIVAN FOUNDATION C/O CATHOLIC COMMUNITY FOUNDATION, founded in 2003, is a small nonprofit that reported $563K in total revenue in fiscal year 2024. Revenue surged 115% from the prior year, signaling strong growth momentum. The organization ran a surplus of $205K, a strong 36% operating margin.

Mission

THE FOUNDATION MAKES GRANTS TO VARIOUS ORGANIZATIONS IN FURTHERANCE OF THE FOUNDATION'S SUPPORTING ORGANIZATION STATUS UNDER IRC SECTION 509(A)(3).

Program Service Accomplishments

Program 1
Expenses: $308,131 Revenue: $0

GRANTS TO VARIOUS ORGANIZATIONS IN FURTHERANCE OF THE FOUNDATION'S SUPPORTING ORGANIZATION STATUS UNDER IRC SECTION 509(A)(3).

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,201
Program Service Revenue $0
Investment Income $559,412
Other Revenue $0
TOTAL REVENUE $562,613

Expense Breakdown

Grants Paid $308,131
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $308,131
Other Expenses $49,875
TOTAL EXPENSES $358,006

Year-over-Year Comparison

2024 2023 Change
Revenue $562,613 $261,130 +1.2%
Expenses $358,006 $339,919 +0.1%
Net Income $204,607 $-78,789 -3.6%
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
7
Independent Members
6
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
7
$229,755
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULIE SULLIVAN PRESIDENT 1.00
Officer Director
$0 $0 $0
MARGARET SULLIVAN VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
PATRICK GRACE BOARD MEMBER 1.00
Director
$0 $31,875 $229,755
FRANK SULLY SULLIVAN JR SECRETARY 1.00
Officer Director
$0 $0 $0
FRANK O'LINN BOARD MEMBER 1.00
Director
$0 $0 $0
BISHOP EDWARD MALESIC BOARD MEMBER 1.00
Director
$0 $0 $0
SR MARIAN DURKIN 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
2024 $562,613 $358,006 $5,307,903 $204,607
2023 $261,130 $339,919 $5,065,980 $-78,789
2022 $41,729 $326,555 $4,670,675 $-284,826
2021 $704,346 $354,787 $5,741,473 $349,559
2020 $706,307 $299,384 $5,276,795 $406,923
2019 $232,676 $273,000 $4,536,774 $-40,324
2018 $398,498 $269,738 $4,021,236 $128,760
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