CATHOLIC CHARITIES OF THE DIOCESE … - Form 990 Financial Data

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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 $12.2M in total revenue in fiscal year 2022.

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.

Program Service Accomplishments

Program 1

Expenses: $819,363 Revenue: $1,059,666

SERVICES THAT STRENGTHEN FAMILIES AND CHILDREN, CATHOLIC CHARITIES PROVIDES ADOPTION HISTORY SERVICES AND ADOPTION SEARCH, PARENT AIDE AND EDUCATION, EMERGENCY SHELTER SERVICES AND HOMELESS...

SERVICES THAT STRENGTHEN FAMILIES AND CHILDREN, CATHOLIC CHARITIES PROVIDES ADOPTION HISTORY SERVICES AND ADOPTION SEARCH, PARENT AIDE AND EDUCATION, EMERGENCY SHELTER SERVICES AND HOMELESS PREVENTION.

Program 2

Expenses: $4,102,142 Revenue: $4,251,247

SERVICES THAT SUPPORT THE INDEPENDENCE OF FRAIL AND VULNERABLE ELDERS. CATHOLIC CHARITIES ALSO ASSISTS ELDERS FACING THE CHALLENGE OF AGING AND PROVIDES EMPLOYMENT OPPORTUNITIES FOR OLDER WORKERS.

Program 3

Expenses: $1,039,233 Revenue: $1,068,222

SERVICES THAT BUILD INDEPENDENCE FOR INDIVIDUALS CHALLENGED BY INTELLECTUAL DISABILITIES. THE MERCY CENTRE HELPS ADULTS WITH THE CHALLENGES OF DEVELOPMENTAL DISABILITIES.

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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 $5,385,838

Program Service Revenue $6,401,837

Investment Income $245,270

Other Revenue $138,279

TOTAL REVENUE $12,171,224

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,383,037

Fundraising Expenses $0

Program Expenses $9,772,112

Other Expenses $3,793,711

TOTAL EXPENSES $13,176,748

Year-over-Year Comparison

	2022	2021	Change
Revenue	$12,171,224	$11,466,472	+0.1%
Expenses	$13,176,748	$11,738,408	+0.1%
Net Income	$-1,005,524	$-271,936	+2.7%

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

$288,727

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL RICCIARDI	PRESIDENT	1.00	Officer Director	$0	$0	$0
DANIEL BONNETTE CPA	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ANTHONY ROZEVICIUS CPA	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID SURPRENANT ESQ	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
REV TIMOTHY O'BRIEN SJ	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
SANDRA BAUER MAHONEY FACHCA	DIRECTOR	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	38.00	Officer	$157,420	$6,288	$163,708
MALE A KAMYA	CFO (UNTIL 03/2023)	38.00	Officer	$114,800	$10,219	$125,019
SARAH LYNNE CALNAN	PSYCHIATRIST	10.00	Highest	$102,676	$0	$102,676

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	$12,171,224	$13,176,748	$20,030,805	$-1,005,524
2023	$12,582,110	$13,301,637	$19,593,177	$-719,527
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