CATHOLIC FOUNDATION FOR NORTHWEST … - 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

2008

Legal Domicile

Principal Officer

KATHY TOMASIK

Phone

2197699292

Tax Period

2024-07-01 to 2025-06-30

CATHOLIC FOUNDATION FOR NORTHWEST INDIANA INC, founded in 2008, is a community nonprofit in the Religion sector that reported $1.1M in total revenue in fiscal year 2024. Revenue fell 60% from the prior year — a significant decline worth monitoring. Expenses of $1.0M left a modest 5% surplus.

Mission

THE CATHOLIC FOUNDATION FOR NORTHWEST INDIANA EMPOWERS PEOPLE TO EXPRESS THEIR FAITH BY PROVIDING PERPETUAL FINANCIAL SUPPORT FOR DIOCESAN MINISTRIES, PARISHES, AND SCHOOLS.

Program Service Accomplishments

Program 1

Expenses: $972,910 Revenue: $93,396

TO PROVIDE RESOURCES TO SUPPORTING ORGANIZATIONS WITHIN THE CATHOLIC DIOCESE OF GARY THAT PROMOTE CATHOLIC PURPOSE AND VALUE.

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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 $979,884

Program Service Revenue $93,396

Investment Income $10,046

Other Revenue $113

TOTAL REVENUE $1,083,439

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $972,910

Other Expenses $1,034,074

TOTAL EXPENSES $1,034,074

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,083,439	$2,694,849	-0.6%
Expenses	$1,034,074	$2,653,231	-0.6%
Net Income	$49,365	$41,618	+0.2%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
MOST REV ROBERT J MCCLORY	BOARD CHAIR	1.00	Officer	$0	$0	$0
ALLISON MACIEJEWSKI	FIRST VICE C	1.00	Officer	$0	$0	$0
THOMAS DEVINE	2ND VICE CHA	1.00	Officer	$0	$0	$0
KATHY TOMASIK	SECRETARY	2.00	Officer	$0	$0	$0
VERY REV CHRISTOPHER STANISH	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY BONK	BOARD MEMBER	1.00	Director	$0	$0	$0
LOUIS BUFANO	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIE FOSTER-BRUNS	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT GLAROS	BOARD MEMBER	1.00	Director	$0	$0	$0
CAMILLE HIDGON	BOARD MEMBER	1.00	Director	$0	$0	$0
IAN LUKAS	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID NOVAK	BOARD MEMBER	1.00	Director	$0	$0	$0
REV JAY NUTHULAPTI	BOARD MEMBER	1.00	Director	$0	$0	$0
DEAN RICCI	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIEL RODRIGUEZ	BOARD MEMBER	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	$1,083,439	$1,034,074	$20,774,637	$49,365
2024	No data	No data	No data	No data
2023	$293,108	$337,651	$14,278,469	$-44,543
2022	$2,351,164	$1,980,076	$13,181,928	$371,088
2021	$3,146,363	$3,054,219	$14,319,756	$92,144
2020	$587,993	$692,429	$8,803,945	$-104,436

CATHOLIC FOUNDATION FOR NORTHWEST INDIANA INC