Coral Gables, FL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Roman Catholic Archdiocese Of Nassau FOUNDATION INC (RCAN FOUNDATION), founded in 2006, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.6M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Net assets of $10.3M represent 75 months of operating reserves.
THE PRIMARY OBJECTIVE OF THE ORGANIZATION IS TO FOSTER RELIGIOUS AND SPIRITUAL SERVICES AND ACT AS A FOREIGN MISSION SOCIETY FOR THE ARCHDIOCESE OF NASSAU, BAHAMAS INCLUDING BUT NOT LIMITED TO PROVIDING SPIRITUAL, PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS OF THE PEOPLE OF THE BAHAMAS, AND TO MANAGE, OPERATE, AND GENERALLY DO EVERYTHING AND ANYTHING NECESSARY, EXPEDIENT OR INCIDENTAL TO THE MAINTAINING OF CATHOLIC RELIGIOUS ACTIVITIES IN THE BAHAMAS.
THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO SUPPORT THE ROMAN CATHOLIC ARCHDIOCESE OF NASSAU, BAHAMAS THROUGH FUNDRAISING AND HOLDING FUNDS TO SUPPORT THE CHURCH'S MISSION. THE ORGANIZATION...
THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO SUPPORT THE ROMAN CATHOLIC ARCHDIOCESE OF NASSAU, BAHAMAS THROUGH FUNDRAISING AND HOLDING FUNDS TO SUPPORT THE CHURCH'S MISSION. THE ORGANIZATION MAINTAINS THREE FUNDS TO ACHIEVE ITS AIM: 1. BUILDING FUND - SUPPORT BUILDING PROJECTS, 2. ENDOWMENT FUND - PROVIDE INCOME FOR ARCHDIOCESAN OPERATIONS, 3. INSURANCE FUND - PROVIDE PARTIAL INSURANCE COVERAGE FOR ALL PARISHES, SCHOOLS, INSTITUTIONS, AND AGENCIES COMPRISING THE ARCHDIOCESE OF NASSAU.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $1,640,532 | $1,406,931 | +0.2% |
| Expenses | $1,622,483 | $1,967,975 | -0.2% |
| Net Income | $18,049 | $-561,044 | -1.0% |
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 |
|---|---|---|---|---|---|---|
| MOST REV PATRICK C PINDER | PRESIDENT | 1.0 |
Officer
Director
|
$0 | $109,885 | $122,185 |
| Ms Shanta Colebrooke | CHIEF FINANCIAL OFFICER | 1.0 |
Officer
|
$0 | $13,800 | $85,887 |
| KENNETH SCHWANGER | VICE PRESIDENT | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| J PATRICK FITZGERALD ESQ | SECRETARY | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| ANDREW ANDERSON | TREASURER | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $1,640,532 | $1,622,483 | $10,338,565 | $18,049 |
| 2023 | $1,406,931 | $1,967,975 | $9,607,434 | $-561,044 |
| 2022 | $1,022,161 | $1,963,764 | $9,698,453 | $-941,603 |
| 2021 | $1,707,961 | $1,055,572 | $11,867,629 | $652,389 |
| 2020 | $4,584,632 | $3,630,686 | $10,171,791 | $953,946 |
| 2019 | $566,903 | $776,122 | $9,276,788 | $-209,219 |
| 2018 | $1,441,739 | $746,978 | $10,245,682 | $694,761 |
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