CATHOLIC CHARITIES FOUNDATION 61885016

EIN: 202823241 501(c)(3) Human Services

SPOKANE, WA

Total Revenue
$318,166
Total Expenses
$27,912
Total Assets
$4,524,369
Net Assets
$2,534,088
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
WA
Principal Officer
ANN MARIE BYRD
Phone
5093584250
Tax Period
2024-01-01 to 2024-12-31

CATHOLIC CHARITIES FOUNDATION 61885016, founded in 2005, is a small nonprofit in the Human Services sector that reported $318K in total revenue in fiscal year 2024. Revenue surged 196% from the prior year, signaling strong growth momentum. The organization ran a surplus of $290K, a strong 91% operating margin.

Mission

CATHOLIC CHARITIES FOUNDATION IS ORGANIZED FOR THE PRINCIPAL PURPOSE OF STIMULATING GIFTS FROM PRIVATE SOURCES AND GRANTS FROM THE STATE OR FEDERAL GOVERNMENT FOR THE SOLE AND EXCLUSIVE BENEFIT OF CATHOLIC CHARITIES.

Program Service Accomplishments

Program 1
Expenses: $17,471 Revenue: $0

INVESTMENT PROGRAM:THE CATHOLIC CHARITIES FOUNDATION MANAGES THE INVESTMENT OF FUNDS CONTRIBUTED TO THE FOUNDATION TO BENEFIT CATHOLIC CHARITIES OF SPOKANE. THE FOUNDATION ALSO MONITORED THE...

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INVESTMENT PROGRAM:THE CATHOLIC CHARITIES FOUNDATION MANAGES THE INVESTMENT OF FUNDS CONTRIBUTED TO THE FOUNDATION TO BENEFIT CATHOLIC CHARITIES OF SPOKANE. THE FOUNDATION ALSO MONITORED THE INVESTMENT ACTIVITY OF FUNDS HELD ON BEHALF OF CATHOLIC CHARITIES OF SPOKANE. INVESTED FUNDS ARE PERIODICALLY DISTRIBUTED TO THE INTENDED ORGANIZATIONS.THE FOUNDATION HAD $2,429,470 IN ASSETS UNDER MANAGEMENT AS OF 12/31/2024 AND PAID DISTRIBUTIONS OF $0 FOR THE YEAR ENDED 12/31/2024.

Program 2
Expenses: $10,441 Revenue: $0

DEVELOPMENT PROGRAM:THE CATHOLIC CHARITIES FOUNDATION SOLICITED AND ACCEPTED FUNDS FOR THE FUTURE BENEFIT OF THE INSTITUTIONS, PROGRAMS AND ACTIVITIES OF CATHOLIC CHARITIES OF SPOKANE.THE FOUNDATION...

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DEVELOPMENT PROGRAM:THE CATHOLIC CHARITIES FOUNDATION SOLICITED AND ACCEPTED FUNDS FOR THE FUTURE BENEFIT OF THE INSTITUTIONS, PROGRAMS AND ACTIVITIES OF CATHOLIC CHARITIES OF SPOKANE.THE FOUNDATION RAISED $135,654 IN CONTRIBUTIONS IN 2024.

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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 (2024)

Revenue Breakdown

Contributions & Grants $135,654
Program Service Revenue $0
Investment Income $182,512
Other Revenue $0
TOTAL REVENUE $318,166

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $27,912
Other Expenses $27,912
TOTAL EXPENSES $27,912

Year-over-Year Comparison

2024 2023 Change
Revenue $318,166 $107,446 +2.0%
Expenses $27,912 $255,943 -0.9%
Net Income $290,254 $-148,497 -3.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
6

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
5
$208,402
Total Directors
6
$77,924
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANN MARIE BYRD EXECUTIVE DIRECTOR 5.00
Officer
$0 $26,446 $130,478
JUDY HUDSON CHAIR 1.00
Officer Director
$0 $0 $0
BETH BRASCH PRESIDENT 1.00
Officer Director
$0 $0 $0
DEACON JOHN RUSCHEINSKY VICE CHAIR 9.00
Officer Director
$0 $14,165 $77,924
MARY ANN HESKETT SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
DAVID AUSTIN BOARD MEMBER 1.00
Director
$0 $0 $0
SR BERNADETTE NANNYONJO BOARD MEMBER 1.00
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 $318,166 $27,912 $4,524,369 $290,254
2023 $107,446 $255,943 $4,193,795 $-148,497
2022 $187,669 $498,196 $3,882,211 $-310,527
2021 $420,785 $496,150 $5,560,795 $-75,365
2020 $192,297 $300,986 $5,059,051 $-108,689
2019 $381,977 $2,000,549 $4,056,671 $-1,618,572
2018 $313,578 $113,132 $5,371,538 $200,446
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