INDEPENDENT CATHOLIC FOUNDATION (EIN 251625390) - 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

1990

Legal Domicile

Principal Officer

C RINGKAMP

Phone

8142012080

Tax Period

2024-07-01 to 2025-06-30

INDEPENDENT CATHOLIC FOUNDATION, founded in 1990, is a community nonprofit in the Religion sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Net assets of $42.7M represent 243 months of operating reserves.

Mission

TO PROVIDE FINANCIAL BENEFITS PRIMARILY TO CATHOLIC NONPROFIT ORGANIZATIONS IN THE UNITED STATES WITH EMPHASIS ON THOSE WITHIN THE TERRITORY OF THE ROMAN CATHOLIC DIOCESE OF ALTOONA-JOHNSTOWN

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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 $732,084

Program Service Revenue $415,899

Investment Income $952,180

Other Revenue $6,269

TOTAL REVENUE $2,106,432

Expense Breakdown

Grants Paid $0

Salaries & Benefits $219,529

Fundraising Expenses $91,067

Program Expenses $1,792,557

Other Expenses $1,916,580

TOTAL EXPENSES $2,138,109

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,106,432	$1,745,255	+0.2%
Expenses	$2,138,109	$2,171,245	0.0%
Net Income	$-31,677	$-425,990	-0.9%

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

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

$118,791

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
C RINGKAMP	PRESIDENT /	40.00	Officer	$107,645	$11,146	$118,791
A DALTON	BOARD MEMBER	N/A	Director	$0	$0	$0
J FORTUNATO	BOARD MEMBER	N/A	Director	$0	$0	$0
J LEHMAN JR	BOARD MEMBER	N/A	Director	$0	$0	$0
J STEPHENS JR	BOARD MEMBER	N/A	Director	$0	$0	$0
M LIEB	BOARD MEMBER	N/A	Director	$0	$0	$0
M LINGLE	BOARD MEMBER	N/A	Director	$0	$0	$0
J MARTELLA	BOARD MEMBER	N/A	Director	$0	$0	$0
T SONGER	BOARD MEMBER	N/A	Director	$0	$0	$0
R STELLABOTTE	BOARD MEMEBE	N/A	Director	$0	$0	$0
B WARD	BOARD MEMBER	N/A	Director	$0	$0	$0
R ASKEY	TREASURER	N/A	Officer	$0	$0	$0
T MCANENY	BOARD VICE C	N/A	Officer	$0	$0	$0
R MUSAR	SECRETARY	N/A	Officer	$0	$0	$0
B STASKO	BOARD CHAIR	N/A	Officer	$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	$2,106,432	$2,138,109	$44,736,205	$-31,677
2024	$1,745,255	$2,171,245	$41,655,145	$-425,990
2022	$2,096,997	$2,061,305	$35,931,954	$35,692
2021	$10,338,366	$1,812,429	$42,000,453	$8,525,937
2020	$1,899,342	$2,070,517	$33,941,039	$-171,175
2019	$3,390,241	$1,604,653	$33,227,115	$1,785,588

INDEPENDENT CATHOLIC FOUNDATION