COMMONWEAL FOUNDATION

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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

1983

Legal Domicile

Principal Officer

DOMINIC PREZIOSI

Phone

2126624200

Tax Period

2023-10-01 to 2024-09-30

COMMONWEAL FOUNDATION, founded in 1983, is a community nonprofit that reported $3.4M in total revenue in fiscal year 2023. Revenue surged 49% from the prior year, signaling strong growth momentum. The organization ran a surplus of $950K, a strong 28% operating margin.

Mission

COMMONWEAL IS THE OLDEST INDEPENDENT LAY CATHOLIC JOURNAL OF OPINION IN THE UNITED STATES COVERING LITERATURE, THE ARTS, RELIGION, SOCIETY AND POLITICS. COMMONWEAL THROUGH ITS MAGAZINE AND WEBSITE PUBLISHES EDITORIALS, COLUMNS, ESSAYS AND POETRY, ALONG WITH FILM AND BOOK REVIEWS. COMMONWEAL MAINTAINS A RELATIVELY STRONG FOCUS ON ISSUES OF SPECIFIC INTEREST TO CATHOLICS.

Program Service Accomplishments

Program 1

Expenses: $1,592,507 Revenue: $790,107

PUBLICATION AND ONLINE DISTRIBUTION OF INFORMATION ON PUBLIC AFFAIRS, RELIGION, LITERATURE AND THE ARTS.

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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 $2,396,612

Program Service Revenue $764,512

Investment Income $295,904

Other Revenue $-15,977

TOTAL REVENUE $3,441,051

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,397,523

Fundraising Expenses $287,479

Program Expenses $1,592,507

Other Expenses $1,093,687

TOTAL EXPENSES $2,491,210

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,441,051	$2,312,170	+0.5%
Expenses	$2,491,210	$2,365,373	+0.1%
Net Income	$949,841	$-53,203	-18.9%

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

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

$286,387

Total Directors

$285,938

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOMINIC PREZIOSI	PRESIDENT	32.00	Officer Director	$131,077	$42,109	$173,186
VINCENT ROGEAU	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS O'BRIEN	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA ROSIELLO	DIRECTOR	1.00	Director	$0	$0	$0
JANE O'CONNELL	DIRECTOR	1.00	Director	$0	$0	$0
TIM WELSH	DIRECTOR	1.00	Director	$0	$0	$0
PAUL SAUNDERS	DIRECTOR	2.00	Director	$0	$0	$0
PETER STEINFELS	DIRECTOR	1.00	Director	$0	$0	$0
ALICE MCDERMOTT	DIRECTOR	1.00	Director	$0	$0	$0
MARK VANDERHEYDEN	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL MURTAUGH	DIRECTOR	1.00	Director	$0	$0	$0
JAMES T MORLEY JR	DIRECTOR	1.00	Director	$0	$0	$0
MARK DALTON	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MCGREEVEY	DIRECTOR	1.00	Director	$0	$0	$0
BRIEN O'BRIEN	FORMER DIRECTOR	1.00	Director	$0	$0	$0
THOMAS BAKER	DIRECTOR	1.00	Director	$0	$0	$0
CATHLEEN KAVENY	DIRECTOR	1.00	Director	$0	$0	$0
ROSANNE HAGGERTY	VICE CHAIRMAN/DIRECTOR	1.00	Officer Director	$0	$0	$0
MICHAEL PEPPARD	FORMER DIRECTOR	1.00	Director	$0	$0	$0
DANIEL MURRAY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN KUSTER	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS HIGGINS	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN KONECK	DIRECTOR	32.00	Director	$107,000	$5,752	$112,752
CHRIS LOWNEY	CHAIRMAN/DIRECTOR	1.00	Officer Director	$0	$0	$0
NATALIA IMPERATORI-LEE	DIRECTOR	1.00	Director	$0	$0	$0
JAMES HANNAN	VICE PRES & TREASURER & SE	32.00	Officer	$93,228	$19,973	$113,201
ADRIANNA MELNYK	VICE PRESIDENT OF ADVANCEM	32.00	Highest	$102,791	$25,823	$128,614

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	$3,441,051	$2,491,210	$4,850,758	$949,841
2023	$2,312,170	$2,365,373	$3,266,753	$-53,203
2022	$1,707,525	$2,164,151	$3,554,771	$-456,626
2021	$2,195,607	$1,998,970	$4,782,821	$196,637
2020	$1,620,132	$2,089,915	$4,139,858	$-469,783
2019	$2,486,886	$2,125,183	$4,278,894	$361,703
2018	$1,763,219	$2,059,133	$4,129,610	$-295,914