ST PHILIP THE APOSTLE FOUNDATION INC (EIN 223652434) - 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

1999

Legal Domicile

Principal Officer

JOSEPH RUHL

Phone

9146364225

Tax Period

2023-10-01 to 2024-09-30

ST PHILIP THE APOSTLE FOUNDATION INC, founded in 1999, is a community nonprofit in the Religion sector that reported $3.1M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $855K, a strong 28% operating margin.

Mission

PROVIDE FINANCIAL ASSISTANCE TO THE SALESIAN ORGANIATIONS WITHIN THE SALESIAN SOCIETY, INC (THE PROVINCE OF ST. PHILIP THE APOSTLE OF NEW ROCHELLE, NY) AND THE TERRITORY IT SERVES.

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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 $428,096

Program Service Revenue $0

Investment Income $2,632,678

Other Revenue $0

TOTAL REVENUE $3,060,774

Expense Breakdown

Grants Paid $1,856,278

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,856,278

Other Expenses $349,351

TOTAL EXPENSES $2,205,629

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,060,774	$2,407,226	+0.3%
Expenses	$2,205,629	$1,726,401	+0.3%
Net Income	$855,145	$680,825	+0.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH RUHL	PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL SASSO	VP ADVANCEMENT	1.00	Officer Director	$0	$0	$0
ANGELO MARINO	VP BOARD DEVELOPMENT	1.00	Officer Director	$0	$0	$0
DAVID MORENO	RECORDING SECRETARY	1.00	Officer Director	$0	$0	$0
SAM PALLOTTA	CO-TREASURER	1.00	Officer Director	$0	$0	$0
FATHER RICH ALEJUAS	CO-TREASURER	1.00	Officer Director	$0	$0	$0
KEVIN C HEPPES	SECRETARY	1.00	Officer Director	$0	$0	$0
ARBER EFTIMIU	VP FINANCE	1.00	Officer Director	$0	$0	$0
STEPHEN V BRUNO	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL CONWAY	TRUSTEE	1.00	Director	$0	$0	$0
LARRY T COSENTINO	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTINE DOWNES	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS GRINNELL	TRUSTEE	1.00	Director	$0	$0	$0
ANN HEEKIN	TRUSTEE	1.00	Director	$0	$0	$0
LAUREN E KRAKAUR	TRUSTEE	1.00	Director	$0	$0	$0
FRANK MICELI	TRUSTEE	1.00	Director	$0	$0	$0
ALINA NAZARI	TRUSTEE	1.00	Director	$0	$0	$0
JAMES O'NEILL	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER SMITH	TRUSTEE	1.00	Director	$0	$0	$0
NEIL SULLIVAN	TRUSTEE	1.00	Director	$0	$0	$0
GARY TENENZAPF	TRUSTEE	1.00	Director	$0	$0	$0
DOMINIC TRAN	TRUSTEE	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	$3,060,774	$2,205,629	$43,820,353	$855,145
2023	$2,407,226	$1,726,401	$37,664,823	$680,825
2022	$-6,739,147	$2,569,930	$33,461,777	$-9,309,077
2021	$3,367,781	$2,173,810	$42,234,590	$1,193,971
2020	$1,829,266	$1,931,701	$35,968,946	$-102,435
2019	$1,204,008	$1,901,971	$33,018,955	$-697,963
2018	$1,501,271	$1,860,441	$32,370,869	$-359,170

ST PHILIP THE APOSTLE FOUNDATION INC