THE LORETTO FOUNDATION

EIN: 222339225 501(c)(3)

SYRACUSE, NY

Total Revenue
$558,263
Total Expenses
$808,446
Total Assets
$2,685,085
Net Assets
$1,797,191
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
NY
Principal Officer
JOHN G MURRAY
Phone
3154695570
Tax Period
2023-01-01 to 2023-12-31

THE LORETTO FOUNDATION, founded in 1974, is a small nonprofit that reported $558K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $808K exceeded revenue, resulting in a 45% operating deficit.

Mission

ENGAGE IN CHARITABLE ACTIVITES BENEFITING AGED PERSONS BY OPERATING SOLELY FOR THE BENEFIT OF, PERFORMING THE FUNCTIONS OF, OR CARRING OUT THE PURPOSES FOR THE AFFILIATED LORETTO ORGANIZATIONS.

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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 $278,900
Program Service Revenue $151,649
Investment Income $4,857
Other Revenue $122,857
TOTAL REVENUE $558,263

Expense Breakdown

Grants Paid $500,678
Salaries & Benefits $0
Fundraising Expenses $73,014
Program Expenses $615,362
Other Expenses $307,768
TOTAL EXPENSES $808,446

Year-over-Year Comparison

2023 2022 Change
Revenue $558,263 $594,873 -0.1%
Expenses $808,446 $797,454 +0.0%
Net Income $-250,183 $-202,581 +0.2%
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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Governance

Voting Members
17
Independent Members
17
Employees
N/A
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
3
$1,112,202
Total Directors
15
$0
Key Employees
1
$240,026
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER E MUSERLIAN BOARD MEMBER, PAST CHAIR 1.00
Director
$0 $0 $0
MICHAEL ZANDRI BOARD MEMBER, CHAIR 1.00
Officer Director
$0 $0 $0
JASON SMOROL BOARD MEMBER 1.00
Director
$0 $0 $0
CORA ALSANTE BOARD MEMBER, SECRETARY 1.00
Director
$0 $0 $0
JOHN P CONDON BOARD MEMBER 1.00
Director
$0 $0 $0
GREG LANCETTE BOARD MEMBER 1.00
Director
$0 $0 $0
PIERRE MORRISSEAU BOARD MEMBER 1.00
Director
$0 $0 $0
MSGR J ROBERT YEAZEL BOARD MEMBER 1.00
Director
$0 $0 $0
HELENE WALLACE BOARD MEMBER 1.00
Director
$0 $0 $0
CRYSTAL PAOLELLI BOARD MEMBER 1.00
Director
$0 $0 $0
LIZA MAGLEY BOARD MEMBER, VICE CHAIR 1.00
Director
$0 $0 $0
CLAUDIA GASIOROWSKI BOARD MEMBER 1.00
Director
$0 $0 $0
MEGAN SCHNEIDER BOARD MEMBER 1.00
Director
$0 $0 $0
VICTORIA COLT BOARD MEMBER 1.00
Director
$0 $0 $0
LAIZA SEMIDEY BOARD MEMBER 1.00
Director
$0 $0 $0
KIMBERLY TOWNSEND PRESIDENT 1.00
Officer
$0 $27,379 $802,457
JOHN MURRAY CFO 1.00
Officer
$0 $4,238 $309,745
JULIE SHEEDY CHIEF MARKETING AND ENGAGEMENT OFFICER 8.00
Key Emp
$83,545 $0 $240,026
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 $558,263 $808,446 $2,685,085 $-250,183
2022 $594,873 $797,454 $3,017,543 $-202,581
2021 $1,087,635 $1,734,760 $3,255,753 $-647,125
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