FATHER COLEMAN FOUNDATION OF FAIRFIELD INC (EIN 066059924) - 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

1947

Legal Domicile

Phone

2032099254

Tax Period

2024-01-01 to 2024-12-31

FATHER COLEMAN FOUNDATION OF FAIRFIELD INC, founded in 1947, is a small nonprofit in the Community Improvement sector that reported $161K in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $209K exceeded revenue, resulting in a 30% operating deficit.

Mission

MANAGE FUNDS FOR KNIGHTS OF COLUMBUS FATHER COLEMAN COUNCIL AND COOPERATE AND PARTICIPATE IN THE FRATERNAL, CHARITABLE, PATRIOTIC AND CIVIC ENDEVORS OF THE COUNCIL AND THE KNIGHTS OF COLUMBUS.

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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 $0

Program Service Revenue $0

Investment Income $161,313

Other Revenue $0

TOTAL REVENUE $161,313

Expense Breakdown

Grants Paid $181,898

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $187,616

Other Expenses $27,283

TOTAL EXPENSES $209,181

Year-over-Year Comparison

	2024	2023	Change
Revenue	$161,313	$112,181	+0.4%
Expenses	$209,181	$191,071	+0.1%
Net Income	$-47,868	$-78,890	-0.4%

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

N/A

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
MICHAEL SAVAGE	President	2.00	Officer Director	$0	$0	$0
KEVIN LESKO	Treasurer	2.00	Officer Director	$0	$0	$0
FRANK PODPOLUCHA	Secretary	2.00	Officer Director	$0	$0	$0
ROBERT MADAR	Trustee	2.00	Director	$0	$0	$0
JULIUS STEVE KINIK	Trustee	2.00	Director	$0	$0	$0
STEPHEN FOLDY	Trustee	2.00	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
2024	$161,313	$209,181	$4,154,304	$-47,868
2023	$112,181	$191,071	$3,777,774	$-78,890
2021	$217,921	$114,474	$4,206,876	$103,447
2020	$85,662	$129,309	$3,747,875	$-43,647
2019	$68,838	$150,352	$3,500,081	$-81,514
2018	$216,217	$147,202	$3,043,042	$69,015

FATHER COLEMAN FOUNDATION OF FAIRFIELD INC