CATHOLIC CHARITIES FOUNDATION OF THE DIOCESE OF PALM BEACH INC (EIN 261467328) - 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

2007

Legal Domicile

Principal Officer

ELLEN T WAYNE

Phone

5613603335

Tax Period

2023-07-01 to 2024-06-30

CATHOLIC CHARITIES FOUNDATION OF THE DIOCESE OF PALM BEACH INC, founded in 2007, is a micro nonprofit that reported $65K in total revenue in fiscal year 2023. Revenue fell 87% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $62K, a strong 95% operating margin.

Mission

TO SOLICIT DONATIONS & MAINTAIN FUNDS TO FURTHER RELIGIOUS & CHARITABLE PURPOSES FOR CATHOLIC CHARITIES OF THE DIOCESE OF PALM BEACH.

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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 $50,000

Program Service Revenue $0

Investment Income $14,918

Other Revenue $0

TOTAL REVENUE $64,918

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,360

TOTAL EXPENSES $3,360

Year-over-Year Comparison

	2023	2022	Change
Revenue	$64,918	$514,060	-0.9%
Expenses	$3,360	N/A	N/A
Net Income	$61,558	$514,060	-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

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

$457,514

Total Directors

$275,236

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM SHANNON	PRESIDENT	1.00	Officer Director	$0	$0	$0
VERY REV ALBERTO DELLO RUSSO	VICE PRESIDENT	1.00	Officer Director	$0	$32,689	$71,410
VITO GENDUSA	TREASURER	1.00	Officer Director	$0	$33,945	$203,826
NANNETTE CASSIDY	SECRETARY	1.00	Officer Director	$0	$0	$0
ELLEN T WAYNE	EXECUTIVE DIRECTOR	1.00	Officer	$0	$26,671	$182,278
DANIEL LEWIS	DIRECTOR	1.00	Highest	$0	$34,325	$159,381
DEBRA TORNABEN	DIRECTOR OF DEVELOPMENT	1.00	Highest	$0	$35,113	$140,498

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	$64,918	$3,360	$665,391	$61,558
2023	$514,060	No data	$536,385	No data

CATHOLIC CHARITIES FOUNDATION OF THE DIOCESE OF PALM BEACH INC