FOUNDATION TO ADVANCE CATHOLIC EDUCATION INC (EIN 042104895) - 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

1894

Legal Domicile

Principal Officer

REV EDGAR M DA CUNHA

Phone

5086751311

Tax Period

2024-07-01 to 2025-06-30

FOUNDATION TO ADVANCE CATHOLIC EDUCATION INC, founded in 1894, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Net assets of $8.3M represent 65 months of operating reserves.

Mission

TO PROVIDE NEED-BASED SCHOLARSHIPS TO STUDENTS IN SCHOOLS IN THE FALL RIVER DIOCESE

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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 $1,052,328

Program Service Revenue $0

Investment Income $468,667

Other Revenue $7,167

TOTAL REVENUE $1,528,162

Expense Breakdown

Grants Paid $1,270,820

Salaries & Benefits $0

Fundraising Expenses $34,455

Program Expenses $1,388,108

Other Expenses $295,030

TOTAL EXPENSES $1,598,976

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,528,162	$1,283,656	+0.2%
Expenses	$1,598,976	$1,700,256	-0.1%
Net Income	$-70,814	$-416,600	-0.8%

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

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MOST REV EDGAR M DA CUNHA	CHAIRMAN	1.00	Officer Director	$0	$0	$0
REV GEORGE C BELLENOIT	DIRECTOR	1.00	Director	$0	$0	$0
MS MIRIAM SHERMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
MR NICHOLAS M CHRIST	DIRECTOR	1.00	Director	$0	$0	$0
MR DANIEL ROY	SECRETARY	1.00	Officer Director	$0	$0	$0
MR KEVIN KILEY	TREASURER	1.00	Officer Director	$0	$0	$0
MR E DENNIS KELLY	DIRECTOR	1.00	Director	$0	$0	$0
MR ALBERT J MAKKAY JR	DIRECTOR	1.00	Director	$0	$0	$0
MAUREEN CODY	DIRECTOR	1.00	Director	$0	$0	$0
PAUL KAWA	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE AGOSTINI UNTIL 6925	DIRECTOR	1.00	Director	$0	$0	$0
JANE ROBIN	DIRECTOR	1.00	Director	$0	$0	$0
REV DAVID C FREDERICI	CLERK	1.00	Officer Director	$0	$0	$0
EDWIN HURLEY	DIRECTOR	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
2025	$1,528,162	$1,598,976	$8,329,145	$-70,814
2024	$1,283,656	$1,700,256	$8,110,022	$-416,600
2023	$1,508,145	$1,557,320	$7,735,048	$-49,175
2022	$1,465,233	$1,685,307	$7,113,678	$-220,074
2021	$1,856,086	$2,057,591	$8,687,446	$-201,505
2020	$1,006,410	$2,110,180	$8,019,447	$-1,103,770
2019	$876,155	$2,348,670	$8,998,326	$-1,472,515
2018	$1,102,915	$2,125,109	$9,985,997	$-1,022,194

FOUNDATION TO ADVANCE CATHOLIC EDUCATION INC