FRANCISCAN CHARITIES (EIN 201557589) - 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

2004

Legal Domicile

Principal Officer

GREGORY LANGAN

Phone

9737324736

Tax Period

2024-01-01 to 2024-12-31

FRANCISCAN CHARITIES, founded in 2004, is a small nonprofit in the Human Services sector that reported $592K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. The organization ran a surplus of $138K, a strong 23% operating margin.

Mission

ASSIST THE POOR IN NEWARK, NJ THROUGH ITS MINISTRIES THAT INCLUDE PROVIDING MEALS, CLOTHING, AND A CENTER FOR HEALING

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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 (2024)

Revenue Breakdown

Contributions & Grants $521,152

Program Service Revenue $0

Investment Income $4,672

Other Revenue $66,493

TOTAL REVENUE $592,317

Expense Breakdown

Grants Paid $0

Salaries & Benefits $170,428

Fundraising Expenses $5,485

Program Expenses $386,389

Other Expenses $283,461

TOTAL EXPENSES $453,889

Year-over-Year Comparison

	2024	2023	Change
Revenue	$592,317	$712,801	-0.2%
Expenses	$453,889	$486,853	-0.1%
Net Income	$138,428	$225,948	-0.4%

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

1000

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

$24,000

Total Directors

$24,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL MILLER	CHAIR	20.00	Officer Director	$24,000	$0	$24,000
GREG LANGAN	PRESIDENT	10.00	Officer Director	$0	$0	$0
KURT PETERS	VICE PRESIDENT	7.00	Officer Director	$0	$0	$0
SHARON MCCLOSKEY	SECRETARY	7.00	Officer Director	$0	$0	$0
BARBARA GODE	TREASURER	10.00	Officer Director	$0	$0	$0
DIANE BRASCHI	DIRECTOR	20.00	Director	$0	$0	$0
MELISSA HILLIER	DIRECTOR	20.00	Director	$0	$0	$0
VINCENT LIMA	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL RACANELLI	DIRECTOR	2.00	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	$592,317	$453,889	$2,571,030	$138,428
2023	$712,801	$486,853	$1,892,241	$225,948
2022	$510,062	$453,969	$1,612,083	$56,093
2021	$741,417	$439,557	$1,036,725	$301,860
2020	$618,713	$409,579	$733,950	$209,134
2019	$669,957	$461,679	$469,698	$208,278
2018	$499,862	$487,259	$230,163	$12,603

FRANCISCAN CHARITIES