CONFRATERNITY OF OUR LADY OF GRACE (EIN 237304589) - 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

1943

Legal Domicile

Principal Officer

ANGELA FIGONE

Phone

9259540100

Tax Period

2024-01-01 to 2024-12-31

CONFRATERNITY OF OUR LADY OF GRACE, founded in 1943, is a micro nonprofit in the Religion sector that reported $25K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $116K exceeded revenue, resulting in a 356% operating deficit.

Mission

TO PROVIDE OPPORTUNITIES FOR FELLOWSHIP WITH OTHER DEVOTED MEMBERS OF THE ROMAN CATHOLIC CHURCH. TO PROVIDE OPPORTUNITIES FOR FELLOWSHIP WITH OTHER DEVOTED MEMBERS OF THE ROMAN CATHOLIC CHURCH.

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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 $336

Program Service Revenue $0

Investment Income $25,136

Other Revenue $0

TOTAL REVENUE $25,472

Expense Breakdown

Grants Paid $58,600

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $95,609

Other Expenses $57,511

TOTAL EXPENSES $116,111

Year-over-Year Comparison

	2024	2023	Change
Revenue	$25,472	$21,444	+0.2%
Expenses	$116,111	$102,928	+0.1%
Net Income	$-90,639	$-81,484	+0.1%

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

$13,200

Total Directors

$13,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA FIGONE	PRESIDENT	3.00	Officer Director	$0	$0	$0
AUGUSTINE BUONOCORE	CHAIRMAN	2.00	Officer Director	$6,000	$0	$6,000
ADOLFO DEL CARLO	DIRECTOR	2.00	Director	$0	$0	$0
CARLA DEL CARLO	SECRETARY	2.00	Officer Director	$3,600	$0	$3,600
AGOSTINO FIGONE	DIRECTOR	2.00	Director	$0	$0	$0
LILIANA MANGINI	TREASURER	5.00	Officer Director	$3,600	$0	$3,600

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	$25,472	$116,111	$1,013,465	$-90,639
2023	$21,444	$102,928	$979,075	$-81,484
2022	$18,298	$116,415	$780,995	$-98,117
2021	$111,086	$117,678	$834,837	$-6,592
2020	$31,032	$86,625	$827,613	$-55,593
2019	$48,110	$117,581	$880,619	$-69,471
2018	$67,042	$132,519	$1,028,667	$-65,477

CONFRATERNITY OF OUR LADY OF GRACE