NORFOLK CATHOLIC SCHOOLS FOUNDATION (EIN 237140264) - 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

1971

Legal Domicile

Principal Officer

DEE NEDROW

Phone

4023719444

Tax Period

2024-01-01 to 2024-12-31

NORFOLK CATHOLIC SCHOOLS FOUNDATION, founded in 1971, is a small nonprofit that reported $235K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. Net assets of $5.3M represent 268 months of operating reserves.

Mission

PROGRAM SUPPORT

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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 $9,659

Program Service Revenue $0

Investment Income $225,415

Other Revenue $367

TOTAL REVENUE $235,441

Expense Breakdown

Grants Paid $219,985

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $219,985

Other Expenses $14,509

TOTAL EXPENSES $234,494

Year-over-Year Comparison

	2024	2023	Change
Revenue	$235,441	$179,755	+0.3%
Expenses	$234,494	$179,024	+0.3%
Net Income	$947	$731	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
SUE FUCHTMAN	DIRECTOR	Director	$0	$0	$0
SUSIE LUTZ	DIRECTOR	Director	$0	$0	$0
DR DALE STEPHENSON	DIRECTOR	Director	$0	$0	$0
DON SOCK	DIRECTOR	Director	$0	$0	$0
WILLIAM L GAINES JR	TREASURER VICE PRESIDENT	Officer Director	$0	$0	$0
DORAIN NEDROW	PRESIDENT	Officer Director	$0	$0	$0
JOE BROCKHAUS	DIRECTOR	Director	$0	$0	$0
BRITTANY WESCH	DIRECTOR	Director	$0	$0	$0
JOHN LUND	SECRETARY	Officer 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	$235,441	$234,494	$5,263,488	$947
2023	$179,755	$179,024	$5,076,263	$731
2022	$198,727	$76,978	$4,805,137	$121,749
2021	$677,288	$131,656	$5,464,920	$545,632
2020	$163,512	$240,595	$4,830,786	$-77,083
2019	$123,246	$147,061	$4,572,310	$-23,815
2018	$292,593	$141,884	$4,043,110	$150,709

NORFOLK CATHOLIC SCHOOLS FOUNDATION