THE AURORA CATHOLIC EDUCATION FOUN… - Form 990 Financial Data

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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

1972

Legal Domicile

Principal Officer

JOHN BONK

Phone

6308982998

Tax Period

2023-06-01 to 2024-05-31

THE AURORA CATHOLIC EDUCATION FOUNDATION, founded in 1972, is a micro nonprofit in the Religion sector that reported $52K in total revenue in fiscal year 2023.

Mission

To furnish financial support for Catholic education provided by parishes, high schools, grade schools and other programs in the greater Aurora, Illinois area.

Program Service Accomplishments

Program 1

Expenses: $105,000

PROVIDED FINANCIAL SUPPORT TO CATHOLIC EDUCATION PROVIDED BY AURORA AREA PARISH RELIGIOUS EDUCATION PROGRAMS, CATHOLIC GRADE SCHOOLS, CATHOLIC HIGH SCHOOLS AND OTHER PROGRAMS BENEFITING CATHOLIC...

PROVIDED FINANCIAL SUPPORT TO CATHOLIC EDUCATION PROVIDED BY AURORA AREA PARISH RELIGIOUS EDUCATION PROGRAMS, CATHOLIC GRADE SCHOOLS, CATHOLIC HIGH SCHOOLS AND OTHER PROGRAMS BENEFITING CATHOLIC EDUCATION RECOMMENDED AND APPROVED BY THE BOARD OF DIRECTORS.

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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 $60,286

Program Service Revenue $0

Investment Income $-112,092

Other Revenue $0

TOTAL REVENUE $-51,806

Expense Breakdown

Grants Paid $105,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $105,000

Other Expenses $13,620

TOTAL EXPENSES $118,620

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-51,806	$-154,841	-0.7%
Expenses	$118,620	$107,039	+0.1%
Net Income	$-170,426	$-261,880	-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
DAVID VERDEYEN	Director	2.00	Director	$0	$0	$0
Rev Patrick Gillmeyer	Director	1.00	Director	$0	$0	$0
REV GODWIN ASUQUO	Director	1.00	Director	$0	$0	$0
ALAN SCHULER	Treasurer	2.00	Officer Director	$0	$0	$0
TERESA DROESKE	Director	1.00	Director	$0	$0	$0
PETER HETTINGER	Vice President	1.00	Officer Director	$0	$0	$0
TONYA FORBES	Director	1.00	Director	$0	$0	$0
Betty Chandler	Secretary	1.00	Officer Director	$0	$0	$0
LISA ROSCOE	Director	1.00	Director	$0	$0	$0
JOHN BONK	President	2.00	Officer Director	$0	$0	$0
Fr Matthew McMorrow	Director	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
2025	No data	No data	No data	No data
2024	$-51,806	$118,620	$571,764	$-170,426
2023	$-154,841	$107,039	$528,504	$-261,880
2022	$-37,347	$135,677	$677,962	$-173,024
2021	$213,051	$124,362	$1,003,173	$88,689
2020	$10,724	$129,255	$830,824	$-118,531
2019	$42,775	$127,299	$904,002	$-84,524

THE AURORA CATHOLIC EDUCATION FOUNDATION