CATHOLIC CHARITIES OF THE DIOCESE OF WORCESTER (EIN 042103979) - 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

1951

Legal Domicile

Principal Officer

TIMOTHY J MCMAHON

Phone

5087980191

Tax Period

2022-07-01 to 2023-06-30

CATHOLIC CHARITIES OF THE DIOCESE OF WORCESTER, founded in 1951, is a mid-sized nonprofit that reported $12.6M in total revenue in fiscal year 2022. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

CATHOLIC CHARITIES IS DEDICATED TO PROVIDE EXTENSIVE SOCIAL SERVICE PROGRAMS TO HELP PEOPLE CHALLENGED BY DEVELOPMENTAL DISABILITIES, FRAIL AND VULNERABLE ELDERS, FAMILIES AND CHILDREN. THE ORGANIZATION ALSO PROVIDES SERVICES THROUGH OUTREACH TO PARISHES AND COMMUNITIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $4,300,850

Program Service Revenue $7,390,021

Investment Income $602,981

Other Revenue $288,258

TOTAL REVENUE $12,582,110

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,483,948

Fundraising Expenses $0

Program Expenses $13,301,637

Other Expenses $4,817,689

TOTAL EXPENSES $13,301,637

Year-over-Year Comparison

	2022	2021	Change
Revenue	$12,582,110	$11,466,472	+0.1%
Expenses	$13,301,637	$11,738,408	+0.1%
Net Income	$-719,527	$-271,936	+1.6%

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

446

Volunteers

623

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

Key Employees

$154,820

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL RICCIARDI	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAN BONNETTE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SANDRA BAUER MAHONEY FACHCA	INTERIM TREASURER	1.00	Officer Director	$0	$0	$0
ANTHONY ROZEVICIUS CPA	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID SURPRENANT	CLERK	1.00	Officer Director	$0	$0	$0
NANA ADWOA ASARE	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA ANDREOLI	DIRECTOR	1.00	Director	$0	$0	$0
JOSPEH T BARTULIS JR ESQ	DIRECTOR	1.00	Director	$0	$0	$0
DELIA BELTRE	DIRECTOR	1.00	Director	$0	$0	$0
REV MSGR JOHN DORNAN	DIRECTOR	1.00	Director	$0	$0	$0
ERIC GAETZ	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN HILLIS	DIRECTOR	1.00	Director	$0	$0	$0
DEVON A KINNARD ESQ	DIRECTOR	1.00	Director	$0	$0	$0
REV MICHAEL LAVALLEE	DIRECTOR	1.00	Director	$0	$0	$0
HELDER MACHADO	DIRECTOR	1.00	Director	$0	$0	$0
FR TIM O'BRIEN	DIRECTOR	1.00	Director	$0	$0	$0
JOANNE POWELL	DIRECTOR	1.00	Director	$0	$0	$0
DEACON ANTHONY XATSE	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN KIELER	DIRECTOR (RESIGNED)	1.00	Director	$0	$0	$0
TOM MCNAMARA	DIRECTOR (RESIGNED)	1.00	Director	$0	$0	$0
N/A	EX OFFICIO	1.00		$0	$0	$0
N/A	EX OFFICIO	1.00		$0	$0	$0
TIMOTHY J MCMAHON	EXECUTIVE DIRECTOR	37.50	Key Emp	$154,820	$0	$154,820
SARAH LYNNE CALNAN	HIGHEST PAID EMPLOYEE	37.50	Highest	$102,676	$0	$102,676
MALE A KAMYA	HIGHEST PAID EMPLOYEE	37.50	Highest	$109,937	$0	$109,937

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$12,582,110	$13,301,637	$19,593,177	$-719,527
2023	$12,171,224	$13,176,748	$20,030,805	$-1,005,524
2022	$11,466,472	$11,738,408	$14,992,704	$-271,936
2021	$13,679,259	$10,795,295	$16,968,601	$2,883,964
2020	$12,146,737	$12,469,895	$13,773,674	$-323,158
2020	$11,809,580	$12,007,024	$13,645,292	$-197,444
2019	$10,939,830	$10,390,284	$12,249,467	$549,546

CATHOLIC CHARITIES OF THE DIOCESE OF WORCESTER