Foundations in Faith Inc (EIN 061448345) - 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

1996

Legal Domicile

Principal Officer

Andy Aoyama

Phone

2034161390

Tax Period

2023-07-01 to 2024-06-30

Foundations in Faith Inc, founded in 1996, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $1.7M exceeded revenue, resulting in a 54% operating deficit.

Mission

Support catholic education, vocation, and seminary education, priests' residence and retirement fund and diocesan ministries and programs.

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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 (2023)

Revenue Breakdown

Contributions & Grants $331,960

Program Service Revenue $0

Investment Income $715,447

Other Revenue $27,034

TOTAL REVENUE $1,074,441

Expense Breakdown

Grants Paid $1,426,681

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,436,681

Other Expenses $227,389

TOTAL EXPENSES $1,654,070

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,074,441	$1,626,049	-0.3%
Expenses	$1,654,070	$1,304,666	+0.3%
Net Income	$-579,629	$321,383	-2.8%

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

$531,128

Total Directors

$590,147

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Hanlon	Treasurer	1.0	Officer Director	$0	$12,098	$259,196
Anne O McCrory	Secretary	1.0	Officer Director	$0	$10,788	$226,157
Bishop Frank J Caggiano	Director	1.0	Director	$0	$20,176	$59,019
Kelly Weldon	Executive Director	22.0	Officer Director	$0	$0	$45,775
Andy Aoyama	Chair	1.0	Officer Director	$0	$0	$0
Joseph Sindelar	Vice Chair	1.0	Officer Director	$0	$0	$0
Lorraine Carrano	Director	1.0	Director	$0	$0	$0
Alicia Carpenter-Cummings	Director	1.0	Director	$0	$0	$0
Paul Cronin	Director	1.0	Director	$0	$0	$0
Diane Kremheller	Director	1.0	Director	$0	$0	$0
Ligia Masilamani	Director	1.0	Director	$0	$0	$0
Susan Stone	Director	1.0	Director	$0	$0	$0
Patrick Turner	Director	1.0	Director	$0	$0	$0
William Orjuela	Director (as of 6/25/24)	1.0	Director	$0	$0	$0
DANIEL MUDD	DIRECTOR	1.0	Director	$0	$0	$0
Janie Nneji	Director	1.0	Director	$0	$0	$0
Sheila Pettee	Director (as of 6/25/24)	1.0	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	No data	No data	No data	No data
2024	$1,074,441	$1,654,070	$35,469,393	$-579,629
2023	$1,626,049	$1,304,666	$25,510,003	$321,383
2022	$3,107,303	$2,498,078	$25,821,531	$609,225
2021	$3,129,315	$4,961,910	$29,514,744	$-1,832,595
2020	$4,541,712	$915,465	$28,294,799	$3,626,247
2019	$11,688,393	$1,417,473	$38,576,938	$10,270,920

Foundations in Faith Inc