CATHOLIC SCHOOLS FOUNDATION INC (EIN 222485502) - 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

1983

Legal Domicile

Principal Officer

MICHAEL REARDON

Phone

6177785981

Tax Period

2024-07-01 to 2025-06-30

CATHOLIC SCHOOLS FOUNDATION INC, founded in 1983, is a mid-sized nonprofit in the Education sector that reported $17.9M in total revenue in fiscal year 2024. Expenses of $19.7M exceeded revenue, resulting in a 10% operating deficit.

Mission

THE CATHOLIC SCHOOLS FOUNDATION CHANGES LIVES BY PROVIDING FAMILIES WITH DEMONSTRATED FINANCIAL NEED AN OPPORTUNITY TO GIVE THIER SONS AND DAUGHTERS A QUALITY EDUCATION, FOCUSED ON CHRISTIAN VALUES AND CHARACTER FORMATION AT CATHOLIC SCHOOLS LOCATED THROUGHOUT THE ARCHDIOCESE OF BOSTON, REGARDLESS OF RACE, RELIGION, ETHNICITY OR GENDER.

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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 $13,842,225

Program Service Revenue $0

Investment Income $4,395,091

Other Revenue $-379,413

TOTAL REVENUE $17,857,903

Expense Breakdown

Grants Paid $17,491,774

Salaries & Benefits $1,389,685

Fundraising Expenses $1,047,796

Program Expenses $18,104,091

Other Expenses $774,850

TOTAL EXPENSES $19,656,309

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,857,903	$18,079,321	0.0%
Expenses	$19,656,309	$19,355,973	+0.0%
Net Income	$-1,798,406	$-1,276,652	+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

128

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

$345,869

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARDINAL SEAN O'MALLEY	CHAIRMAN (UNTIL 8/2024)	0.10	Officer Director	$0	$0	$0
ARCHBISHOP RICHARD HENNING	CHAIRMAN (AS OF 8/2024)	0.10	Officer Director	$0	$0	$0
MICHAEL ROGERS	PRESIDENT	8.00	Officer Director	$0	$0	$0
THOMAS CORRA	TREASURER	3.00	Officer Director	$0	$0	$0
CHRISTINE KOMOLA	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
CHRISTOPHER REMONDI	CLERK	3.00	Officer Director	$0	$0	$0
MARGARET WADE	SENIOR VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
PETER LYNCH	PRESIDENT EMERITUS	4.00	Director	$0	$0	$0
PAUL BIRMINGHAM	LIFE TRUSTEE	2.00	Director	$0	$0	$0
FR MARC BISHOP	TRUSTEE	2.00	Director	$0	$0	$0
RYAN CONNOLLY	TRUSTEE	2.00	Director	$0	$0	$0
WILLIAM MOSAKOWSKI	TRUSTEE	2.00	Director	$0	$0	$0
NOEL DIXON	TRUSTEE	2.00	Director	$0	$0	$0
KATE FERRARA	TRUSTEE	2.00	Director	$0	$0	$0
ROGER JOSEPH	TRUSTEE	2.00	Director	$0	$0	$0
GARY KANEB	TRUSTEE	2.00	Director	$0	$0	$0
RENEE MINOGUE	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT MORRISSEY	TRUSTEE	2.00	Director	$0	$0	$0
KEVIN O'LEARY	TRUSTEE	2.00	Director	$0	$0	$0
TCHINTCIA BARROS	TRUSTEE	2.00	Director	$0	$0	$0
JOHN REMONDI	LIFE TRUSTEE	2.00	Director	$0	$0	$0
MARGARET REYNOLDS CFA	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL SUTPHIN	TRUSTEE	2.00	Director	$0	$0	$0
TIMOTHY TULLY	TRUSTEE	2.00	Director	$0	$0	$0
SEAN JUDGE	TRUSTEE	2.00	Director	$0	$0	$0
SHELAGH MAHONEY	TRUSTEE	2.00	Director	$0	$0	$0
CINDY WICKWIRE	TRUSTEE	2.00	Director	$0	$0	$0
ELLYN CHARTERS ZARRACINA	TRUSTEE	2.00	Director	$0	$0	$0
KEVIN O'TOOLE	TRUSTEE	2.00	Director	$0	$0	$0
SARAH JANKOWSKI	TRUSTEE	2.00	Director	$0	$0	$0
SUJEY MORGAN	TRUSTEE	2.00	Director	$0	$0	$0
FR BRYAN PARRISH	TRUSTEE	2.00	Director	$0	$0	$0
JENNIFER KORDELL	TRUSTEE	2.00	Director	$0	$0	$0
KARA BRENNAN	TRUSTEE	2.00	Director	$0	$0	$0
JENNIFER BRACERAS	TRUSTEE	2.00	Director	$0	$0	$0
PATRICK VENANZI	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL REARDON	EXECUTIVE DIRECTOR	35.00	Officer	$310,219	$35,650	$345,869
GINA RINDFLEISCH	ADVANCEMENT DIRECTOR	35.00	Highest	$137,147	$8,385	$145,532
MEGAN ADZIMA	DIRECTOR OF ALLOCATIONS & OPERATIONS	35.00	Highest	$137,893	$8,508	$146,401

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
2025	$17,857,903	$19,656,309	$146,572,140	$-1,798,406
2024	$18,079,321	$19,355,973	$141,546,173	$-1,276,652
2023	$29,941,055	$19,165,786	$129,779,893	$10,775,269
2022	$27,305,892	$15,737,796	$110,171,239	$11,568,096
2021	$25,282,573	$15,252,413	$127,039,223	$10,030,160
2020	$16,950,651	$14,710,356	$100,985,433	$2,240,295
2019	$14,930,896	$12,846,527	$94,835,605	$2,084,369
2018	$26,976,876	$11,873,471	$94,545,896	$15,103,405

CATHOLIC SCHOOLS FOUNDATION INC