WEATOGUE, CT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FOUNDATION FOR THE ADVANCEMENT OF CATHOLIC SCHOOLS, founded in 1983, is a small nonprofit in the Education sector that reported $733K in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $929K exceeded revenue, resulting in a 27% operating deficit.
TO ASSIST THE PARISH SCHOOLS AND THE ARCHDIOCESAN HIGH SCHOOLS BY PROVIDING FUNDING FOR SCHOLARSHIPS AND SPECIAL PROJECTS. IT IS THE INTENTION OF FACS TO INCREASE THE ACCESSIBILITY OF CATHOLIC EDUCATION TO FAMILIES IN THE ARCHDIOCESE OF HARTFORD. THEREFORE, THE MAJORITY OF GRANTS FUNDED BY FACS ARE DIRECT SCHOLARSHIP ASSISTANCE PARTICULARLY TO DESERVING STUDENTS.
THE FOUNDATION BELIEVES THAT CATHOLIC SCHOOLS PROVIDE STUDENTS WITH AN "EDUCATION FOR A LIFETIME", ESPECIALLY FOR THE POOR AND UNDESERVED CHILDREN AND YOUTH OF THE ARCHDIOCESE OF HARTFORD. CARING...
THE FOUNDATION BELIEVES THAT CATHOLIC SCHOOLS PROVIDE STUDENTS WITH AN "EDUCATION FOR A LIFETIME", ESPECIALLY FOR THE POOR AND UNDESERVED CHILDREN AND YOUTH OF THE ARCHDIOCESE OF HARTFORD. CARING INDIVIDUALS WHO UNDERSTAND THE VALUE OF CATHOLIC SCHOOLS TO THE CHILD, THE FAMILY, THE NEIGHBORHOOD, CONNECTICUT, AND THE SOCIETY AS A WHOLE HAVE BEEN DONATING TIME, TALENT, AND TREASURE FOR THE BETTERMENT OF SCHOOLS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $733,027 | $520,809 | +0.4% |
| Expenses | $928,978 | $1,205,855 | -0.2% |
| Net Income | $-195,951 | $-685,046 | -0.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CINDY HOWARD | EXECUTIVE DI | 37.50 |
Officer
|
$146,478 | $0 | $146,478 |
| BRIAN A GIANTONIO | CHAIRMAN AND | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHARLES HUNT | VICE PRESIDE | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| PATRICIA TEUFEL | TREASURER | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| NANCY PALMISANO | SECRETARY | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHRISTOPHER COYNE | MOST REVEREN | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANITA SCHEPKER | GOVERNANCE C | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MANUEL ASTIASARAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| RICHARD BRAAM | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KEVIN BRADY | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KEVIN CARROLL | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DOUGLAS COTE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| REV CHRISTOPHER FORD | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| REV DANIEL KEEFE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ANDREW KNOTT ESQ | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JANE MILAS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| PAULA FAHY OSTOP | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN PATRICK | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| REV JEFFREY ROMANS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN SHEA | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MARK SINATRO | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| REV MICHAEL WHYTE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $733,027 | $928,978 | $14,367,376 | $-195,951 |
| 2023 | $520,809 | $1,205,855 | $13,919,814 | $-685,046 |
| 2022 | $463,279 | $874,068 | $13,314,534 | $-410,789 |
Compare FOUNDATION FOR THE ADVANCEMENT OF CATHOLIC SCHOOLS with other nonprofits in Connecticut and across the country.