THE LORETTO FOUNDATION

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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

1974

Legal Domicile

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

TO ENGAGE IN CHARITABLE ACTIVITES AS MAY BE OF BENEFIT TO AGED PERSONS BY OPERATING SOLELY FOR THE BENEFIT OF, PERFORMING THE FUNCTIONS OF, OR CARRYING OUT THE PURPOSES FOR THE AFFILIATED LORETTO ORGANIZATIONS.

Program Service Accomplishments

Program 1

Expenses: $615,362 Revenue: $151,649

THE LORETTO FOUNDATION ADMINISTERS THE LORETTO FOUNDATION COMMUNITY TRUST, A POOLED SUPPLEMENTAL NEEDS TRUST, WHICH BENEFITS MANY SENIORS AND DISABLED INDIVIDUALS IN THE COMMUNITY. INCOME FROM THE...

THE LORETTO FOUNDATION ADMINISTERS THE LORETTO FOUNDATION COMMUNITY TRUST, A POOLED SUPPLEMENTAL NEEDS TRUST, WHICH BENEFITS MANY SENIORS AND DISABLED INDIVIDUALS IN THE COMMUNITY. INCOME FROM THE POOLED TRUST IS RESTRICTED FOR THE BENEFIT OF MEMBERS OF THE TRUST.

Program 2

THE LORETTO FOUNDATION IS THE FUND DEVELOPMENT SEGMENT OF THE LORETTO ORGANIZATION AND HAS RESPONSIBILITY FOR RAISING MONEY TO SUPPORT THE ORGANIZATION'S NEEDS. GIFTS TO LORETTO SUPPORT THE FUTURE OF QUALITY AND ACCESSIBLE LONGTERM HEALTH CARE FOR THE FRAIL ELDERLY IN CENTRAL NEW YORK. LORETTO HAS PROVIDED SERVICE TO THIS POPULATION FOR 90 YEARS. WITH DONATIONS FROM THE COMMUNITY, LORETTO WILL CONTINUE TO FULFILL ITS MISSION OF PROVIDING QUALITY OF LIFE FOR THE FRAIL ELDERLY OF CENTRAL NEW YORK.

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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 $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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

$1,112,202

Total Directors

Key Employees

$240,026

Highest Compensated

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