THOMAS C&SANDRA S SULLIVAN FOUNDATION C/O CATHOLIC COMMUNITY FOUNDATION (EIN 010779923) - 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

2003

Legal Domicile

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).

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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 (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

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

$229,755

Key Employees

Highest Compensated

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

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