LITHUANIAN CATHOLIC RELIGIOUS AID … - 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

1960

Legal Domicile

Principal Officer

DR ALGIRDAS J LUKOSEVIC

Phone

7183265202

Tax Period

2023-01-01 to 2023-12-31

LITHUANIAN CATHOLIC RELIGIOUS AID INC, founded in 1960, is a community nonprofit in the Religion sector that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $180K, a strong 15% operating margin.

Mission

LITHUANIAN CATHOLIC RELIGIOUS AID, INC. SUPPORTS CATHOLIC EDUCATIONAL, RELIGIOUS, & SOCIAL OUTREACH PROJECTS IN LITHUANIA & DISPORA. ASSISTANCE IS PROVIDED VIA FINANCIAL AID TO CATHOLIC PARISHES & DIOCESES. AID IS PROVIDED TO CATHOLIC & OTHER SOCIAL WELFARE GROUPS

Program Service Accomplishments

Program 1

Expenses: $547,616

LCRA IS AN ORGANIZATION DEVOTED TO ASSISTING THE CATHOLIC CHURCH AND IT'S INSTITUTIONS IN LITHUANIA. ASSISTANCE IS PROVIDED TO CATHOLIC PARISHES AND DIOCESES AND CATHOLIC SOCIAL WELFARE AGENCIES IN...

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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 $109,498

Program Service Revenue $0

Investment Income $1,067,837

Other Revenue $1,993

TOTAL REVENUE $1,179,328

Expense Breakdown

Grants Paid $498,115

Salaries & Benefits $89,999

Fundraising Expenses $56,904

Program Expenses $547,616

Other Expenses $411,272

TOTAL EXPENSES $999,386

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,179,328	$1,583,126	-0.3%
Expenses	$999,386	$1,112,410	-0.1%
Net Income	$179,942	$470,716	-0.6%

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

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

$60,449

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARCHBISHOP GINTARAS GRUSAS	PRESIDENT	3.00	Officer Director	$0	$0	$0
ARCHBISHOP LIONGINAS VIRBALAS SJ	I VICE-PRESIDENT	3.00	Officer Director	$0	$0	$0
REV JOHN PUODZIUNAS OFM	II VICE-PRESIDENT	3.00	Officer Director	$0	$0	$0
REV GEDIMINAS KERSYS	III VICE-PRESIDENT	3.00	Officer Director	$0	$0	$0
DR ALGIRDAS J LUKOSEVICIUS	TREASURER	3.00	Officer Director	$0	$0	$0
REV VALDEMARAS LISOVSKI	CORPORATE SECRETARY	3.00	Officer Director	$0	$0	$0
REV JAUNIUS KELPSAS	DIRECTOR	3.00	Director	$0	$0	$0
REV NERIJUS SMERAUSKAS	DIRECTOR	3.00	Director	$0	$0	$0
TADAS DABSYS	DIRECTOR	3.00	Director	$0	$0	$0
REV ALGIRDAS MALAKAUSKIS OFM	DIRECTOR	3.00	Director	$0	$0	$0
DR RAIMONDAS ZABIELIAUSKAS	DIRECTOR	3.00	Director	$0	$0	$0
DAINE NARUTYTE-QUINN	DIRECTOR	3.00	Director	$0	$0	$0
DANA DABSYS	DIRECTOR	3.00	Director	$0	$0	$0
JURATE ZUKAUSKIENE	EXECUTIVE DIRECTOR	40.00	Officer	$60,449	$0	$60,449

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	No data	No data	No data	No data
2023	$1,179,328	$999,386	$19,692,788	$179,942
2022	$1,583,126	$1,112,410	$18,805,846	$470,716
2021	$1,451,383	$829,789	$21,108,366	$621,594
2020	$941,205	$595,547	$15,324,006	$345,658
2019	$1,448,806	$774,384	$14,214,507	$674,422
2018	$961,249	$1,074,057	$12,575,458	$-112,808

LITHUANIAN CATHOLIC RELIGIOUS AID INC