CATHOLIC HEALTH CARE FOUNDATION OF THE ARCHDIOCESE OF NEW YORK INC (EIN 134054158) - 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

1999

Legal Domicile

Principal Officer

SCOTT P LA RUE

Phone

6466334700

Tax Period

2023-01-01 to 2023-12-31

CATHOLIC HEALTH CARE FOUNDATION OF THE ARCHDIOCESE OF NEW YORK INC, founded in 1999, is a community nonprofit in the Health Care sector that reported $2.7M in total revenue in fiscal year 2023. Expenses of $3.2M exceeded revenue, resulting in a 21% operating deficit.

Mission

THE PRIMARY PURPOSE OF THE FOUNDATION IS TO ATTRACT DONATIONS AND GRANTS FROM INDIVIDUALS, CORPORATIONS, FOUNDATIONS AND OTHER FUNDING SOURCES TO ASSIST THE OPERATIONS OF THE FOUNDATION IN PROVIDING GENERAL HEALTH CARE OVERSIGHT AND TO SUPPORT THE MISSION OF THE CATHOLIC HEALTH CARE SYSTEM D/B/A ARCHCARE.

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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 $2,420,386

Program Service Revenue $0

Investment Income $563,742

Other Revenue $-319,328

TOTAL REVENUE $2,664,800

Expense Breakdown

Grants Paid $2,999,907

Salaries & Benefits $0

Fundraising Expenses $65,074

Program Expenses $2,999,907

Other Expenses $149,453

TOTAL EXPENSES $3,214,434

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,664,800	$2,498,569	+0.1%
Expenses	$3,214,434	$1,825,173	+0.8%
Net Income	$-549,634	$673,396	-1.8%

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

$3,455,678

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANCIS J SERBAROLI ESQ	CHAIRMAN	0.10	Officer Director	$0	$0	$0
THOMAS M O'BRIEN	VICE-CHAIR	0.10	Officer Director	$0	$0	$0
DR TARA A CORTES	SECRETARY	0.10	Officer Director	$0	$0	$0
THOMAS E ALBERTO	BOARD MEMBER	0.10	Director	$0	$0	$0
STEVE BUJNO	BOARD MEMBER	0.10	Director	$0	$0	$0
JOHN CAHILL	BOARD MEMBER	0.10	Director	$0	$0	$0
JOHN T DUNLAP	BOARD MEMBER	0.10	Director	$0	$0	$0
MSGR CHARLES J FAHEY	BOARD MEMBER, THRU NOV 2023	0.10	Director	$0	$0	$0
THOMAS J FAHEY JR MD	BOARD MEMBER	0.10	Director	$0	$0	$0
ERIC P FELDMANN	BOARD MEMBER	0.10	Director	$0	$0	$0
SISTER SELINE FLORES	BOARD MEMBER	0.10	Director	$0	$0	$0
JOHN GLEASON	BOARD MEMBER	0.10	Director	$0	$0	$0
KAREN GRAY	BOARD MEMBER	0.10	Director	$0	$0	$0
CLARION E JOHNSON MD	BOARD MEMBER	0.10	Director	$0	$0	$0
RORY KELLEHER	BOARD MEMBER	0.10	Director	$0	$0	$0
MSGR JOSEPH LAMORTE	BOARD MEMBER	0.10	Director	$0	$0	$0
RICHARD PARK	BOARD MEMBER	0.10	Director	$0	$0	$0
KATHRYN ROONEY	BOARD MEMBER	0.10	Director	$0	$0	$0
JOSEPH SAPORITO	BOARD MEMBER	0.10	Director	$0	$0	$0
GT SWEENEY	BOARD MEMBER	0.10	Director	$0	$0	$0
GENNARO VASILE PHD	BOARD MEMBER	0.10	Director	$0	$0	$0
BISHOP GERALD WALSH	BOARD MEMBER	0.10	Director	$0	$0	$0
SCOTT P LA RUE	PRESIDENT/CEO	0.10	Officer	$0	$412,658	$2,053,206
ANNMARIE COVONE	EXECUTIVE VP/CFO	0.10	Officer	$0	$309,335	$1,402,472

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	$2,664,800	$3,214,434	$39,150,431	$-549,634
2022	$2,498,569	$1,825,173	$38,191,702	$673,396
2021	$2,541,573	$1,252,722	$39,375,975	$1,288,851
2020	$2,377,935	$2,322,769	$33,880,248	$55,166
2019	$4,300,316	$5,410,387	$30,847,298	$-1,110,071
2018	$4,298,055	$9,692,175	$29,421,442	$-5,394,120

CATHOLIC HEALTH CARE FOUNDATION OF THE ARCHDIOCESE OF NEW YORK INC