CALVARY FUND INC

EIN: 133259649 501(c)(3) Health Care

BRONX, NY

Total Revenue
$8,209,600
Total Expenses
$6,908,700
Total Assets
$37,701,200
Net Assets
$34,979,100
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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
1985
Legal Domicile
NY
Principal Officer
JEFFERY MENKES
Phone
7185182069
Tax Period
2023-01-01 to 2023-12-31

CALVARY FUND INC, founded in 1985, is a community nonprofit in the Health Care sector that reported $8.2M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 16% operating margin.

Mission

TO RAISE PUBLIC FUNDS TO SUPPORT CALVARY HOSPITAL'S TAX-EXEMPT MISSION.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,305,780
Program Service Revenue $0
Investment Income $3,315,200
Other Revenue $-411,380
TOTAL REVENUE $8,209,600

Expense Breakdown

Grants Paid $3,356,000
Salaries & Benefits $1,567,401
Fundraising Expenses $3,304,500
Program Expenses $3,356,000
Other Expenses $1,406,295
TOTAL EXPENSES $6,908,700

Year-over-Year Comparison

2023 2022 Change
Revenue $8,209,600 $6,733,200 +0.2%
Expenses $6,908,700 $6,742,700 +0.0%
Net Income $1,300,900 $-9,500 -137.9%
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

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Governance

Voting Members
17
Independent Members
16
Employees
10
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
4
$922,370
Total Directors
21
$710,191
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANK CALAMARI EX-OFFICIO 0.50
Director
$0 $39,285 $710,191
CARLOS M HERNANDEZ CHAIRMAN 1.00
Officer Director
$0 $0 $0
EILEEN T NUGENT ESQ VICE-CHAIR 0.50
Officer Director
$0 $0 $0
MICHAEL J BRESCIA MD-EMERITUS DIRECTOR (NON-VOTING) (THRU 04/23) 0.50
Director
$0 $0 $0
BONNIE BRENNAN DIRECTOR 0.50
Director
$0 $0 $0
JOSEPH DEGLOMINI JR DIRECTOR 0.50
Director
$0 $0 $0
DANIEL E DONOVAN DIRECTOR 0.50
Director
$0 $0 $0
STEVEN J GOLUB EMERITUS DIRECTOR (NON-VOTING) 0.50
Director
$0 $0 $0
EMILY YODER JOHNSON DIRECTOR 0.50
Director
$0 $0 $0
DIAHN W MCGRATH DIRECTOR 0.50
Director
$0 $0 $0
DANIEL J MCSWIGGAN ESQ DIRECTOR 0.50
Director
$0 $0 $0
JAY MONAGHAN DIRECTOR 0.50
Director
$0 $0 $0
EDWARD R MORRISSEY DIRECTOR 0.50
Director
$0 $0 $0
JAMES O'HARA DIRECTOR 0.50
Director
$0 $0 $0
LOUISE PARENT EMERITUS DIRECTOR (NON-VOTING) 0.50
Director
$0 $0 $0
AL ROKER DIRECTOR 0.50
Director
$0 $0 $0
DENNIS M SCHNEIDER DIRECTOR 0.50
Director
$0 $0 $0
MICHAEL JA SMITH DIRECTOR 0.50
Director
$0 $0 $0
ROBERT E SPATT ESQ DIRECTOR 0.50
Director
$0 $0 $0
JOSEPH A TARANTINO DIRECTOR 0.50
Director
$0 $0 $0
GERRY TOBIN EMERITUS DIRECTOR (NON-VOTING) 0.50
Director
$0 $0 $0
TIMOTHY BARR EXEC. VP/TREASURER/SECRETARY 37.00
Officer
$392,259 $92,419 $484,678
ANDREW V GRECO CHIEF FINANCIAL OFFICER 1.00
Officer
$0 $70,539 $437,692
ELIZABETH KOUGASIAN DIRECTOR, MAJOR & PLANNED 37.00
Highest
$123,762 $9,466 $133,228
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 $8,209,600 $6,908,700 $37,701,200 $1,300,900
2022 $6,733,200 $6,742,700 $34,903,500 $-9,500
2021 $7,394,900 $5,540,700 $41,461,500 $1,854,200
2020 $6,241,100 $6,373,400 $37,168,500 $-132,300
2019 $10,161,000 $8,503,900 $33,467,500 $1,657,100
2018 $9,044,700 $6,580,900 $28,179,850 $2,463,800
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