Roman Catholic Archdiocese Of Nassau FOUNDATION INC (RCAN FOUNDATION) (EIN 113798061) - 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

2006

Legal Domicile

Principal Officer

MS SHANTA COLEBROOKE

Phone

2423564114

Tax Period

2023-09-01 to 2024-08-31

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.

Mission

THE FOUNDATION, GUIDED BY GOSPEL VALUES, RAISES FUNDS, MAKES GRANTS, AND MANAGES TO FOSTER PHILANTHROPY AND ADVANCE THE PRIORITIES IN THE ROMAN CATHOLIC ARCHDIOCESE OF NASSAU.

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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 $946,321

Program Service Revenue $0

Investment Income $694,211

Other Revenue $0

TOTAL REVENUE $1,640,532

Expense Breakdown

Grants Paid $1,098,427

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,471,061

Other Expenses $524,056

TOTAL EXPENSES $1,622,483

Year-over-Year Comparison

	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%

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

$208,072

Total Directors

$122,185

Key Employees

Highest Compensated

reported

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

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	$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

Roman Catholic Archdiocese Of Nassau FOUNDATION INC (RCAN FOUNDATION)