CATHOLIC FOUNDATION FOR THE DIOCESE OF DAVENPORT (EIN 264267643) - 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

2009

Legal Domicile

Principal Officer

BISHOP THOMAS ZINKULA

Phone

5633241911

Tax Period

2023-07-01 to 2024-06-30

CATHOLIC FOUNDATION FOR THE DIOCESE OF DAVENPORT, founded in 2009, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2023. Revenue fell 86% from the prior year — a significant decline worth monitoring. Expenses of $6.8M exceeded revenue, resulting in a 220% operating deficit.

Mission

THE CATHOLIC FOUNDATION ENCOURAGES, SOLICITS, ACCEPTS AND MANAGES GIFTS FROM INDIVIDUALS IN ORDER TO FURTHER STEWARDSHIP AND DISTRIBUTES INCOME SO AS TO ADVANCE THE PRIORITIES OF THE DIOCESE OF DAVENPORT AND ITS ENTITIES ACCORDING TO GOSPEL VALUES.

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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 $1,490,262

Program Service Revenue $0

Investment Income $622,549

Other Revenue $0

TOTAL REVENUE $2,112,811

Expense Breakdown

Grants Paid $5,696,760

Salaries & Benefits $48,721

Fundraising Expenses $14,001

Program Expenses $6,489,636

Other Expenses $1,017,141

TOTAL EXPENSES $6,762,622

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,112,811	$14,632,933	-0.9%
Expenses	$6,762,622	$1,999,371	+2.4%
Net Income	$-4,649,811	$12,633,562	-1.4%

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

$48,721

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEAN BALLINGER	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS KABAT	DIRECTOR	1.00	Director	$0	$0	$0
BILL MCNALLY	DIRECTOR	1.00	Director	$0	$0	$0
FR TOM HENNEN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JERRY KEDLEY	DIRECTOR	1.00	Director	$0	$0	$0
BISHOP ZINKLUA	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS TALLMAN	TREASURER	6.00	Officer	$18,346	$4,587	$22,933
JENNIFER PRAET	SECRETARY	10.00	Officer	$20,630	$5,158	$25,788

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	$2,112,811	$6,762,622	$30,288,806	$-4,649,811
2023	$14,632,933	$1,999,371	$33,354,301	$12,633,562
2022	$6,997,773	$1,629,972	$19,079,929	$5,367,801
2021	$206,406	$723,184	$16,591,286	$-516,778
2020	$247,875	$700,071	$13,236,840	$-452,196
2019	$285,545	$582,198	$13,387,129	$-296,653
2018	$627,857	$488,676	$13,434,291	$139,181

CATHOLIC FOUNDATION FOR THE DIOCESE OF DAVENPORT